Rheinmetall's stock has soared over 1,000%, and the German defense giant sees growth ‘that we have never experienced before' [Fortune]
RHEINMETALL AG UNSP/ADR (RNMBY)
NASDAQ:AMEX Investor Relations:
rheinmetall.com/en/rheinmetall_ag/corporate_social_responsibility/stakeholder_2/investoren_2/index.php
Company Research
Source: Fortune
As the EU plans a €800 billion boost in defense spending, Rheinmetall expects growth to remain strong. German defense contractor Rheinmetall sees unprecedented gains ahead as Europe embarks on a massive military buildup, even after reporting already-strong growth. Headquartered in Düsseldorf, Germany, the company reported 2024 total revenue of €9.8 billion on Wednesday, up 36% from 2023. The defense business led the company's sales growth last year, surging 50% to €7.6 billion. Additionally, the backlog increased 44% to €55 billion a new record high. Last year's growth was helped by Europe's continued military aid for Ukraine. Since Russia invaded Ukraine in 2022, Rheinmetall's stock price has climbed more than 1,000%. Mean
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