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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…

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Source: lefigaro

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