|Bid||245.50 x 0|
|Ask||249.50 x 0|
|Day's Range||234.40 - 248.90|
|52 Week Range||140.70 - 262.40|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||43.81|
|Forward Dividend & Yield||3.30 (1.47%)|
|Ex-Dividend Date||May 11, 2022|
|1y Target Est||N/A|
Russia’s invasion of its neighbor has made Rheinmetall AG, a once low-profile German manufacturer, a key player in the global arms trade.
Rheinmetall could cover about 50% of Ukraine's ammunition requirements and is expecting a decision from Berlin and Kyiv on building a tank factory in Ukraine in the next two months, the German defence contractor's chief executive said on Thursday. Rheinmetall makes ammunition, other military equipment and the Leopard tanks that Germany decided to send to Ukraine, which the company produces jointly with Krauss-Maffei Wegmann. Chief Executive Armin Papperger told journalists that Rheinmetall would have a very good operating cash flow in the first quarter and expected a record year for order intake.
Germany’s largest defence contractor Rheinmetall has reported record earnings and raised its forecast for next year, as it declares “a new era” ushered in by the war in Ukraine. Demand was particularly strong for its weapons and ammunition, including armament for the Leopard 2 tank, with the division reporting an order intake of €3bn in 2022, more than double that of the previous year. “The chancellor’s speech really was a turning point for the German people,” he added, referring to Germany’s decision to increase its military after decades of reluctance following the second world war.