• Rheinmetall reported Q1 revenue growth of 7.7% to €1.95 billion, below analyst expectations.
  • Operating profit rose 17% to €224 million, with a margin of 11.6%.
  • The company confirms full-year targets: revenue growth of 40-45% to €14-14.5 billion and a margin of around 19%.
  • Growth is expected to accelerate in Q2 due to a major military contract and recovery from an explosion at a Spanish ammunition depot.
  • Order backlog grew to €73 billion, up 31% year-on-year.
  • Shares rose nearly 5.5% despite geopolitical tensions, after a 18% decline in the past three months.

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