Our Bureau
01:31 PM, November 5, 2015

The Rheinmetall Group’s Defence sector generated sales of Euro 1.6 billion in the first nine months of 2015.

This corresponds to growth of  Euro 241 million or 17% compared to the previous year’s figure of €1.3 billion. Adjusted for currency effects, the growth was 15%.

The sector’s earnings before interest and taxes (EBIT) increased by Euro 89 million year on year to €-11 million. The considerable sales increase in the Combat Systems division had a particularly positive effect on earnings development.

On the basis of the individual quarters of the current fiscal year, the Defence sector’s earnings performance shows a positive trend. Operating earnings reached €16 million in the third quarter after Euro-28 million in the first three months and Euro 1 million in the second quarter of 2015.

Traditionally, major sales and earnings contributions are not generated in the Defence business until the fourth quarter.

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