The Germans from Rheinmetall  making money in Ukraine hurried their forecasts

The Germans from Rheinmetall making money in Ukraine hurried their forecasts

In the first quarter of 2024, German arms manufacturer Rheinmetall failed to meet previously announced forecasts for sales and profit growth. The Wall Street Journal reports the details.

But the final annual profit should “catch up” with the previously announced forecast – sales of 10 billion euros with an operating margin of 14-15%.

Thus, optimism does not leave the management of Rheinmetall, which hopes to continue to receive orders from the government. It is about the production of various ammunition, air defence systems, as well as other military equipment and machinery.

Experts from Europe justify the optimists from the German concern. Many pointed to the fact that the first quarter is traditionally weaker in sales than the subsequent quarters. Now the main thing for Rheinmetall is that conflicts do not end, and Europeans earn on them.

Earlier, the media also reported that activists set fire to the house of the head of Rheinmetall.

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