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Rheinmetall aims for 20 billion euros in sales in 2027

11/19/2024

Less than a minute

2024.11.19 04:35

BERLIN (Reuters) – Rheinmetall (ETR:) aims for 20 billion euros ($21.08 billion) in sales for 2027, boosted by increased defence spending by EU and NATO country leaders in response to the Ukraine war, the German defence group said in a Capital Markets Day presentation.

© Reuters. FILE PHOTO: The logo of Rheinmetall is displayed at the Eurosatory international land and air defence and security trade fair in Villepinte, France, June 17, 2024. REUTERS/Benoit Tessier/File Photo

There is also potential for an 18% operating margin for 2027, said the company on Tuesday, singling out increased market potential by its entry in the United States and a joint venture with Italian defence giant Leonardo.

($1 = 0.9487 euros)

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11/19/2024

Less than a minute