In 2022, the share price of the German company Rheinmetall, which produces military equipment for Ukraine, tripled. It has been reported Redaktionsnetzwerk Germany.
In addition, Rheinmetall’s share price is expected to increase by 20-30% per year.
The company’s president, Armin Papperger, said the growth was largely driven by the conflict in Ukraine. He stressed that European countries are not ready for a military conflict. According to him, the demand for Rheinmetall products is growing, as this is understood by the authorities of the European states.
Earlier, Papperger said that on the backdrop of the conflict in Ukraine, the demand for military products has increased. why could it be To the growth of the market value of Rheinmetall, Germany’s largest defense company.
Prior to this, the head of the German defense concern Rheinmetall expressed the opinion that the latest German Panther KF51 tank was produced at the concern’s plant under construction in Ukraine. can start 15-20 months later.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.