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Rheinmetall aims for 20 billion euros in sales in 2027

By Thomson Reuters Nov 19, 2024 | 3:34 AM

BERLIN (Reuters) – Rheinmetall 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.

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)

(Reporting by Miranda Murray; editing by Matthias Williams)