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Friday 21 August
🌐 World · English
Current: 🌐 World · English
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Story Germany Business

Rheinmetall stock volatile after trimming guidance as Germany's F126 warship cancellation hits sales outlook

The brief

The company's sales grew 39% and profits grew 74% in the first half of the year. Tank maker expects €300mn hit this year from cancelled programme but revenues have still grown as defence spending booms Key points and original sources are listed below.

  • The company's sales grew 39% and profits grew 74% in the first half of the year.S1
  • Tank maker expects €300mn hit this year from cancelled programme but revenues have still grown as defence spending boomsS2
Timeline · newest first
2w Cnbc

Rheinmetall stock volatile after trimming guidance as Germany's F126 warship cancellation hits sales outlook

The company's sales grew 39% and profits grew 74% in the first half of the year.

2w Financial Times

Rheinmetall cuts sales outlook after Germany scraps warship project

Tank maker expects €300mn hit this year from cancelled programme but revenues have still grown as defence spending booms

Rheinmetall stock volatile after trimming guidance as Germany's F126 warship cancellation hits sales outlook

2 outlets 2 reports
The brief

The company's sales grew 39% and profits grew 74% in the first half of the year. Tank maker expects €300mn hit this year from cancelled programme but revenues have still grown as defence spending booms Key points and original sources are listed below.

  • The company's sales grew 39% and profits grew 74% in the first half of the year.S1
  • Tank maker expects €300mn hit this year from cancelled programme but revenues have still grown as defence spending boomsS2
Timeline · newest first

Sources · 2 citations

S1 Cnbc 1 report · EN
S2 Financial TimesLead 1 report · EN