Rheinmetall sales surge 36% in 2024, as company forecasts ‘Major’ Military Order Boom

German Arms Maker Rheinmetall on Wednsday Said it expects 2025 sales to jump by 25-30% this year, amid expectations of “Major High-Volume Orders from Military Customers” That Cold Gain a Further Boost from A Recent Change in Taccke in European Defanes Policy.

The company reported a 36% jump in consolidated sales in 2024, with sales in the defense business up 50%. Defense sales are expected to grow by 35% to 40% this year, rheinmetall said.

Last Year’s Sales Boom Helped Push Rheinmetall’s operating Profit to a Record High, Up 61% to 1.48 Billion Euros ($ 1.61 billion). Operating margin for the year study at 15.2%, up from 12.8% in 2023.

By the end of last year, rheinmetall said its order backlog had also reacted a record high of 55 billion euros. It said it expected “Major High-Volume Orders from Military Customers” in the coming years.

The company said its current outlook did not factor in recent geopolitical developments related to The war in ukraine and European defense spendingbut added that it would adjust its forecasts “as the Respective Requirements of Military Customers within more specific over the course of the year.”

“Given the dramatically changed security policy situation, the group sees itself in a promising position to play a significant role in the upcoming increase in defense capability Germany and Partner Countries, “The company said in its earings release.

Rheinmetall describes itself As Ukraine’s “Most Important Defense Industry Partner in the Fight Against Russian AGGRESSION,” After delivering Military Goods and Logistical Support to the Country.

The company is also a supplier to various other nations’ Armed Forces, Including That of the UK, Australia, The US and Germany.

Rheinmetall Ceo Armin Papperger Said in a Statement Accompanying The Company’s Earnings Report on Wednsday That The Business was “Facing the Challenges of ZeeitenWende 2.0” Reforms under Germany’s Incoming Government to Allow Greater Defense Spending.

“We have massively increased our capacities alredy and will continue to do so,” He said. “Over the past two Years, We have Invested Nearly 8 Billion (EUROS) to Build New Plants, Make Acquisitions and Secure Supply Chains. Country and for the defense capability of europe.

“With a 50% sales growth in the defense business, rheinmetall is on its way from being a european systems supplier to a global champion,” Papperger Added.

Rheinmetall’s frankfurt-listed shares have risen near 88.3% since the beginning of the year, as broader European defense stocks have soared AMID The Prospect of a defense splurge by regional governments,

The company’s stock ended the trading session 9.6% higher.

The European Leaders Push to Bolster Regional Defense Capabilites Comes as Us President Donald Trump Is Pressuring European Nato Allies to Funnel More MoneyInto Security Spending, While Unce here Ukraine can expect from the new white house administration,

Rheinmetall has been Singled out by a number of analysts As a stock to watch as the european defense story develops. Earlier this monthJpmorgan raised its target price for the company to 1,200 euros ($ 1,308) from 800 euros.