Rheinmetall will achieve record levels again in 2023: “New security policy decade”

Rheinmetall increased sales by twelve percent to around 7.2 billion euros in 2023. Revenues rose primarily in business with military customers. However, the Düsseldorf-based company missed its own forecast of 7.4 to 7.6 billion euros. The reason given was that some sales had been postponed to 2024 due to delivery adjustments. The operating result (EBIT before special items) rose even more significantly at 19 percent to 918 million euros. The high-margin arms and ammunition business in particular contributed to this. The order backlog reached a record value of 38.3 (previous year: 26.6) billion euros at the end of the year. Shareholders should receive a significantly higher dividend of EUR 5.70 for 2023, compared to EUR 4.30 per share in the previous year.