Member access

4-Traders Homepage  >  Shares  >  Xetra  >  Rheinmetall AG    RHM   DE0007030009

RHEINMETALL AG (RHM)

22
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Rheinmetall Expects Sales Growth, Flat Earnings In 2012

03/21/2012 | 04:55am US/Eastern

German defense and automotive equipment company Rheinmetall AG (>> Rheinmetall AG) Wednesday said it aims for sales of EUR4.9 billion in 2012 from EUR4.45 billion in 2011, and 2012 earnings before interest and taxes to be at the same level as 2011's EUR354 million.

MAIN FACTS:

-In 2012, the company expects "somewhat weaker earnings development in the defence sector," however it foresees a slight improvement in earnings for the automotive sector.

-Rheinmetall expects growth in sales and earnings in 2013.

-In 2011, earnings per share increased 31% on the year to EUR5.55.

-Net income increased 29% on the year to EUR225 million.

-The company proposed a dividend of EUR1.80 from EUR1.50 in the previous year.

-In 2011, sales increased 12% on the year to EUR4.45 billion, with 17% sales growth in the automotive division.

-EBIT increased 19% on the year to EUR354 million.

-In 2012, the company expects the automotive sector's sales to grow in North and South America and in Asia while production volumes in Western Europe are expected to drop, leading to overall sales growth of about 5% to slightly over EUR2.4 billion for the unit.

-Lower defence expenditure in some European countries and the U.S. in 2012 means the defence sector is expecting sales slightly down on the previous year's level, however the addition of logistical vehicle sales in the Rheinmetall MAN Military Vehicles joint venture, to be fully included in accounting from the start of 2012, means Rheinmetall is anticipating sales of approximately EUR2.5 billion for the defence sector in 2012, following EUR2.1 billion in 2011.

-At 0938 GMT, Rheinmetall shares traded down 1.1% while Germany's MDAX was up 0.4%.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

Order free Annual Report for MAN SE

Visit http://djnweurope.ar.wilink.com/?ticker=DE0005937007 or call +44 (0)208 391 6028

Order free Annual Report for Rheinmetall AG

Visit http://djnweurope.ar.wilink.com/?ticker=DE0007030009 or call +44 (0)208 391 6028

Stocks mentioned in the article : Rheinmetall AG
React to this article
Latest news on RHEINMETALL AG
1d ago THYSSENKRUPP : seeking a buyer for its naval business group
4d ago RHEINMETALL : Thyssen CEO says sale of submarine unit possible - Sueddeutsche
11/14 RHEINMETALL : english (DGAP DD)
11/05 FORD MOTOR : Pierburg Fountain Inn Earns Ford Q1 Award
11/04 RHEINMETALL : MILITARY $78,552 Federal Contract Awarded to Rheinmetall Landsyste..
11/04 RHEINMETALL : $77,969 MILITARY Federal Contract Awarded to Rheinmetall Landsyste..
11/03 RHEINMETALL : Cuts 2014 Adj. EBIT Outlook
11/03 RHEINMETALL RHEINMETALL ADJUSTS FORE : Rheinmetall AG: Rheinmetall Adjusts Group..
11/02 RHEINMETALL : MILITARY $228,982 Federal Contract Awarded to Rheinmetall Landsyst..
11/02 RHEINMETALL : MILITARY $69,574 Federal Contract Awarded to Rheinmetall Landsyste..
Advertisement
Chart
Duration : Period :
Rheinmetall AG Technical Analysis Chart | RHM | DE0007030009 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF