Rheinmetall Experiences 36% Sales Surge in 2024, Foresees 'Major' Military Order Increase

Rheinmetall anticipates a 25-30% growth in sales by 2025, driven by expected significant military contracts. In 2024, the company saw a 36% surge in consolidated sales, with a 50% increase in defense business sales. Operating profit hit a record high of 1.48 billion euros, up by 61%. CEO Armin Papperger noted the start of a rearmament period in Europe, emphasizing growth prospects.