Financial Results in the First Quarter of 2025
Rheinmetall achieved impressive financial results in the first quarter of 2025, driven by the current arms boom. The company’s revenue increased by about fifty percent to €2.305 billion. In parallel, the operating income also rose by about fifty percent to €199 million, while the operating margin improved from 8.5% to 8.7%.
Profit After Tax
Profit after tax doubled compared to the previous year, reaching €108 million in the first quarter.
Forecast for 2025
For the full year 2025, Rheinmetall expects revenue growth of 25 to 30%. The operating margin is expected to reach approximately 15.5%. The company is confident of at least achieving this forecast and may adjust expectations throughout the year as market potential could further improve due to geopolitical developments.
Orders and Backlog
Rheinmetall’s order backlog reached a new all-time high of €63 billion at the end of the first quarter, representing a significant increase compared to the previous year.
Stock Market Reaction
After the quarterly numbers were released, Rheinmetall’s stock rose by about 1.6%, but could not surpass the previous record high. Some analysts see further potential for the stock as the true potential is not yet fully priced in.