The Düsseldorf based Rheinmetall Group continued on its profitable growth trajectory and closed fiscal year 2024 with record figures once again. A new record high was achieved in the consolidated operating result. As in the previous year, the technology group’s Rheinmetall backlog also reached a record level. Major high-volume orders from military customers will ensure capacity utilization in the coming years.

Group sales increased primarily in the divisions of the defence business, which now accounts for around 80% of Group sales. In the civilian sector, however, the picture is mixed. While the highest sales in the company’s history was achieved in the Trade business unit, business with car manufacturers is declining, as is typical for the industry.

Rheinmetall forecasts continuing strong sales and earnings growth for fiscal year 2025. Given the dramatically changed security policy situation, the Group sees itself in a promising position to play a significant role in the upcoming increase in defence capability with security-related products in Germany and partner countries.

Armin Papperger, CEO of Rheinmetall AG: “Rheinmetall is facing the challenges of Zeitenwende 2.0. We are well prepared for this: We have massively increased our capacities already and will continue to do so. Over the past two years, we have invested nearly €8 billion to build new plants, make acquisitions and secure supply chains. We are aware of our responsibility for the security of our country and for the defence capability of Europe. With a 50% sales growth in the defence business, Rheinmetall is on its way from being a European systems supplier to a global champion.”

Armin Papperger: “An era of rearmament has begun in Europe that will demand a lot from all of us. However, it also brings us at Rheinmetall growth prospects for the coming years that we have never experienced before. We are an important player in key areas of military equipment. With our capital strength, broad technological positioning and highly motivated employees, we will be a reliable and efficient partner for governments.”

Group sees another significant rise in profits with rising sales

In fiscal year 2024, the Rheinmetall Group generated consolidated sales of €9,751 million. Compared with the previous year’s sales of €7,176 million, this is an increase of €2,575 million or 36%. The Group thus achieved the sales expectation for 2024, which had been forecast at around €10 billion.

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