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****Operating result and margin improved further*** · Consolidated sales of €1,266 million on a par with the previous year · Consolidated operating result increases from €84 million to €92 million – growth of 10% · Further improvement in operating margin – 7.3% after 6.7% in the same quarter of the previous year · Continued high growth in orders · Annual forecast for 2022 confirmed Rheinmetall AG further strengthened its profitability in the first quarter of 2022 while maintaining stable business performance. As a result, our technology group is on course to achieve its ambitious profitability target for fiscal 2022 and further boost income. The Rheinmetall Group confirmed its annual forecast from March 2022 and is anticipating growth in sales in conjunction with a higher operating margin and, in turn, a further improved operating result in fiscal 2022. Follow the link to the full press note.
Dagmar Steinert, 57, has been appointed to the Executive Board of Rheinmetall, effective 1 January 2023. Steinert, currently a member of the board of management of Fuchs Petrolub SE responsible for commercial operations as well as legal affairs, compliance, and digitization, is due to succeed Helmut P. Merch, 66, as Chief Financial Officer of Rheinmetall, who retires at the end of 2022. Ulrich Grillo, Chairman of the Supervisory Board of Rheinmetall AG, and Armin Papperger, Chairman of the Group’s Executive Board, issued the following joint statement: “In Dagmar Steinert we are gaining an outstanding expert in all areas of corporate finance, who moreover has a great deal of experience in communicating with the capital markets. She will continue Helmut Merch’s longstanding successful work on the Executive Board, thanks not least to her excellent knowledge of Rheinmetall’s business, processes, and corporate culture, gained when she was a Group executive.” To the full article follow the link.
RFEL, Newport, Isle of Wight/UK, are pleased to announce that as part of their planned growth strategy, a programme of rebranding is in progress, including changing their company name to Rheinmetall Electronics UK Ltd. As part of their growth strategy, the company is transitioning to a new name: Rheinmetall Electronics UK. This name represents an important milestone for the company; becoming more closely aligned with the wider Rheinmetall mission, but also recognisably representing Rheinmetall Electronics Solutions in the UK. Rheinmetall Electronics UK has been part of the Rheinmetall Group since 2009 and this transition will strengthen thier presence within the UK as a product and systems provider, as well as securing a strong foundation for Rheinmetall Electronic Solutions in both domestic and export markets. Rheinmetall Electronics UK has experienced significant growth over the last 18 months, increasing their team size by 50%. Find all details in the press note: https://www.rheinmetall.com/en/rheinmetall_ag/press/news/latest_news/index_30912.php
Successful live-fire demo in Sweden of Rheinmetall Mission Master SP and Thales 70 mm guided rockets Rheinmetall’s Mission Master Autonomous Unmanned Ground Vehicle has once again proved its versatile capabilities in a demonstration conducted for six European allies. The Rheinmetall Mission Master SP used laser-guided FZ275 rockets from Thales in a live-fire exercise. The demonstration took place at the Trängslet base of the Swedish procurement agency Försvarets Materielverk (FMV) near Älvdalen. Delegations from Belgium, Denmark, Sweden, Norway, the Netherlands and Poland were present. The Rheinmetall Mission Master SP is part of the Autonomous Unmanned Ground Vehicle (A-UGV) family developed by Rheinmetall Canada.
Rheinmetall achieves record figures in fiscal 2021: Earnings at all-time high – margin reaches 10.5% Rheinmetall on course for profitable growth in 2022 Fiscal 2021 • Consolidated sales increase by 4.7% to €5,658 million • Operating result improves by 33% to a record figure of €594 million • Group’s operating margin reaches 10.5%, after 8.3% in the previous year • Operating free cash flow increases from €217 million to €419 million • Record Rheinmetall backlog of €24.5 billion • Proposed dividend of €3.30 per share, after €2.00 in the previous year Outlook for 2022: Sales growth and stable high margins • Rheinmetall forecasts sales and earnings growth to continue in 2022 • Consolidated sales currently expected to grow by between 15% and 20% • Group’s operating margin currently expected to be over 11%
Hydrogen is seen as a key element in the transition to climate-neutral forms of energy and mobility. We were quick to spot this trend and began developing products for fuel systems over twenty years ago. We continue to pursue our development efforts in this domain and are currently working on a series of innovative balance-of-plant components. Besides components for regulating the flow of hydrogen, our portfolio also includes various cathode-side valve solutions. To meet various customer requirements regarding utilization, installation space and interfaces in the best possible way, the production valves are based on a modular principle. For instance, this means that the valves can be used in fuel cells with an electrical output of up to 200 kilowatts. In addition, we offer numerous variations of the basic design, covering the complete range of available of electric actuators and interfaces. This way, practically every customer requirement can be met.
American Rheinmetall Systems, Biddeford, ME, is pleased to announce a multi-million dollar investment in the company’s strategic plan to support U.S. Army combat vehicle modernization priorities with advanced combat vehicle mission systems technologies. The company will be growing its workforce particularly in advanced engineering segments as well as bringing new industrial capability to further develop and ultimately deliver those technologies from their facility. Brad Hittle, American Rheinmetall Systems’ President & CEO: “We will be adding 10 to 15 high-level engineering jobs in Maine, as well as industrializing locally to offer world-class solutions for the Army’s next-generation vehicle technology requirements.” American Rheinmetall Systems currently has a variety of exciting career opportunities available. If you share our passion for technology, we welcome you to join our tight-knit team as we continue to make a difference. Please visit www.rheinmetall.com/career-us for all career opportunities. For more Information please see the article attached:
Commended for equal opportunity and diversity - Rheinmetall places among the top 30 in European diversity ranking Diversity is one Rheinmetall core values, an essential factor for innovation and steady growth in a time of transition. The Düsseldorf-based technology group just came in 28th in the Europe-wide "Diversity Leaders 2022" ranking conducted by the Financial Times. Rheinmetall thus placed among the top thirty out of 850 companies surveyed, an outstanding result. Based on a representative selection of 100,000 employees of European companies, the survey took place anonymously and online during from April to August 2021. "This excellent ranking acknowledges our openminded corporate culture and underscores our strong commitment to social responsibility", stated Armin Papperger, Chairman of the Executive Board of Rheinmetall AG. "We're very happy that employees all over Europe appreciate our activities for assuring inclusion, integration and equal opportunity."
Once again this year, Rheinmetall was voted one of the most attractive employers in Germany by young professionals in both engineering and IT. Rheinmetall AG's Labour Director, Peter-Sebastian Krause, is also pleased about this. "The fact that young engineers see us in 16th place among the most attractive employers in Germany is great. And it is just as much an incentive for us to make further improvements as the current position of 77 among young female engineers. The fact that we are thus ranked 25th overall in this prestigious ranking is an excellent result and a compliment for our tradition-rich technology company. In addition, as Rheinmetall AG's Chief Human Resources Officer, I am delighted that we are ranked 86th among young professionals in the IT sector. Because it shows that our work in these business fields, e.g. AI, cyber security or software development, is perceived positively. "
High-tech Rheinmetall pushes ahead with hydrogen strategy as partner of new Innovation and Technology Centre Pressing ahead with its hydrogen strategy, Rheinmetall is now taking part in a national hydrogen and fuel cell initiative with financial backing from the German federal government and the state of North Rhine-Westphalia. Rheinmetall is an industrial partner of the research and development consortium Centre for Fuel Cell Technology, or ZBT, in Duisburg. Known for its hydrogen acumen, the ZBT is one of four financially backed innovation and technology centres (ITZ) for hydrogen technology selected in Germany. T Rheinmetall has been developing and producing products for fuel cell systems for over twenty years. From now on, Rheinmetall will be drawing on its experience and expertise in this domain to position itself even more firmly as a leader in hydrogen and fuel cell technology. Looking ahead, Rheinmetall will establish a high-performance technology and industrialization centre for mobile and stationary hydrogen technology applications at its Neuss site...
