Home » Rheinmetall plans to increase production of artillery ammunition tenfold

Rheinmetall plans to increase production of artillery ammunition tenfold

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Rheinmetall plans to increase production of artillery ammunition tenfold

Papperger presented annual figures for 2023, which were positive. Sales increased by 12 percent to around 7.2 billion euros, while net profit increased by nine percent to 0.6 billion euros. This year, Rheinmetall is targeting sales “in the order of 10 billion euros” – that would be an increase of around 40 percent. Papperger is convinced that growth will continue afterwards. “Whether it’s five or seven or eight years – I see the potential for us to have a turnover of 20 billion euros.”

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