Our Bureau
08:10 AM, November 6, 2014
3068

Rheinmetall Group generated consolidated sales of 3,215 million in the first nine months of 2014, increasing its business volume by 259 million or 9 % year-on-year. Growth stood at 11 % after adjusting for currency effects.

The sales growth and the effects of the program to increase cost efficiency that was launched last year led to a significant improvement in profitability and results in the Automotive sector.

In contrast, the operational earnings for the Defence sector fell year on year in the first nine months of 2014, due to internal and external negative effects. The total Group operational earnings (EBIT before special items) declined from 58 million in the first nine months of the previous year to 39 million in the same period of the current fiscal year.

The sales growth and the effects of the program to increase cost efficiency that was launched last year led to a significant improvement in profitability and results in the Automotive sector. In contrast, the operational earnings for the Defence sector fell year on year in the first nine months of 2014, due to internal and external negative effects. The total Group operational earnings (EBIT before special items) declined from 58 million in the first nine months of the previous year to 39 million in the same period of the current fiscal year.

Also Read
Features
More..