Rheinmetall expects both sales and profit margins to keep growing this year, as the German defence contractor declared itself a winner amid the “changing threat situation in Europe”.
The world’s largest maker of artillery ammunition on Thursday said 2024 sales were expected to reach a record €10bn, compared with €7.2bn the previous year. Operating margins were likely to reach 14 to 15 per cent, the company said, up from 12.8 per cent in 2023.
“A new decade in security policy has begun,” said chief executive Armin Papperger. “It is very important to us to do all we can to help Ukraine in its fight for survival,” he added.
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