- Rheinmetall AG press release (OTCPK:RNMBF): Q1 GAAP EPS of €1.13.
- Revenue of €1.58B (+16.2% Y/Y).
- Further significant increase in orders, Rheinmetall nomination, rises to around €4 billion.
- Rheinmetall Backlog rises by 43% from €28.2 billion to €40.2 billion.
- Operating free cash flow declined by €82 million to €-187 million in the first quarter of 2024 after €-105 million in the same period of the previous year.
- Outlook: Current guidance for year confirmed Rheinmetall is confirming its current guidance for the year after the first three months of fiscal 2024. The Rheinmetall Group’s annual sales are expected to rise to a level of around €10 billion in fiscal 2024 (sales in fiscal 2023: €7.2 billion). Based on this sales guidance and taking holding costs into account, Rheinmetall anticipates an improvement in the Group’s operating earnings and the operating margin of around 14% to 15% in fiscal 2024 (margin in fiscal 2023: 12.8%).
