The German defense sharply increased sales in connection with the European states taken with the rate of building a Reinmetall, military-industry complex. He writes about it Bloomberg.
It is reported that 2024 increased by 73% in the first quarter of company sales only compared to the same period. The main factor in sales growth was an increase in orders for armored trucks and weapons. Sales are reported to exceed the estimates of € 1.95 billion and are reported to be € 2.31 billion. At the same time, the company’s business margin was 8.7%.
The company is now gaining a record portfolio of € 62.6 billion and the tax budget policy in Germany is preparing to increase more sales due to the upcoming softening.
Now Rheinmetall expects a total of 30%growth of sales in 2025 and the business margin to reach approximately 15.5%.
February 18, the Head of Rheinmetalli President Head announcedThese weapons ended in Europe and Ukrainian warehouses.
Previously Pope Francis He called Reduce military costs to combat hunger.
What are you thinking?
Source: Gazeta
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.