The Limited Times

Now you can see non-English news...

Rheinmetall, the German tank manufacturer, rehabilitated on the Stock Exchange

2023-03-19T17:08:18.189Z


The war in Ukraine boosts the activity of this unloved industrialist. Correspondent in Berlin Two years ago, Rheinmetall was judged non grata in Leipzig, where the pacifist movements heirs of the 1989 revolution opposed the military extension of the civilian airport, piloted by the tank manufacturer. Today, the armament group is relishing its return to favor. The Leopards, whose guns he produces, arrive in Ukraine, his results explode. Monday, March 20, it will ent


Correspondent in Berlin

Two years ago, Rheinmetall was judged

non grata

in Leipzig, where the pacifist movements heirs of the 1989 revolution opposed the military extension of the civilian airport, piloted by the tank manufacturer.

Today, the armament group is relishing its return to favor.

The Leopards, whose guns he produces, arrive in Ukraine, his results explode.

Monday, March 20, it will enter the DAX, the flagship index of the Frankfurt Stock Exchange.

Just before the Russian invasion of Ukraine, the share was worth 94 euros.

On the eve of joining the star German index, it traded at 260 euros, in the wake of spectacular announcements: record 2022 turnover (6.4 billion euros), 27% increase in operating profit and promises of high dividends in 2023, even if analysts remain unsatisfied.

2023 will be marked by

“gigantic momentum”,

thundered its boss Armin Papperger.

Read alsoGermany: the Bundeswehr wrung out by the war in Ukraine

This 59-year-old engineer, who joined Rheinmetall in 1990, finally sees his…

This article is for subscribers only.

You have 80% left to discover.

Want to read more?

Unlock all items immediately.

Without engagement.

TEST FOR €0.99

Already subscribed?

Login

Source: lefigaro

All business articles on 2023-03-19

You may like

Trends 24h

Business 2023-05-28T18:20:45.412Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.