With sales up 16 percent to 6.4 billion euros and record earnings of 754 million euros (up 27 percent), the 2022 financial year was extremely successful for the Rheinmetall armaments group. With an order backlog of 26.6 billion euros, the highest so far, the management wants to propose a dividend of 4.30 euros per share at the annual general meeting in May. As it was also said at a company press conference last week, group sales increased in all five divisions, but above all in Vehicle Systems and Weapon and Ammunition.
The largest division, Vehicle Systems, was able to increase sales by 21 percent to 2.3 billion euros. Rheinmetall named the Lynx infantry fighting vehicle for Hungary, the unprotected transport vehicles (UTF) and the swap-body systems for the German armed forces and the Boxer CRV wheeled armored vehicle for Australia as sales drivers. The result grew by almost half to 174 million euros.
Im Auftragsbuch stehen unter anderem zusätzliche 100 Boxer für Großbritannien, mehrere Ringtausch-Programme und Lkw-Programme für die Bundeswehr, die zu einem Zuwachs von 1,6 Milliarden Euro führten.
Die Division Weapon and Ammunition erzielte einen Umsatzanstieg von 19 Prozent auf 1,5 Milliarden Euro. Zwei Drittel dieses Wachstums steuerte die südafrikanische Konzerntochter Rheinmetall Denel Munition (Pty) Ltd bei. Einen zusätzlichen Beitrag leistete darüber hinaus die Business Unit Protection Systems mit ihren Aktivitäten im Bereich der militärischen Schutzsysteme. Sie konnte ihre Erlöse vor allem durch Zulieferungen für gepanzerte Lkw-Fahrerkabinen steigern.
Earnings jumped 40 percent to a record 306 million euros. The division booked new orders worth EUR 2.98 billion, more than twice as much as in the previous year.
Sales in the Electronic Solutions division increased by 14 percent to 1.1 billion euros. Important projects include the Lynx armored personnel carrier for Hungary, the Boxer CRV for Australia, infantry equipment for the German armed forces and anti-aircraft systems, including Skynex. The result rose by 20 percent to 118 million euros. The order backlog grew by 1.6 billion euros, including a 219 million euro order from the Bundeswehr special fund for combat helmets.
For the 2023 fiscal year, Rheinmetall is forecasting continued strong growth in sales and earnings and is targeting consolidated sales of between EUR 7.4 and 7.6 billion with a roughly equal return on earnings of twelve percent.
Editors / gwh
Related topics
Rheinmetall with stable sales in the first quarter
Rheinmetall continues its upward trend
Rheinmetall continues to grow
Uninterrupted growth at Rheinmetall
Rheinmetall on course for profitable growth
Positive half-year results 2019 at Airbus, MTU Aero Engines and Rheinmetall
Rheinmetall Defense with improved earnings and strong order intake
Rheinmetall with stable sales and improved earnings
Rheinmetall AG with a record year