Rheinmetall (ETR:RHM) Second Quarter 2024 Results

Key Financial Results

• Revenue: €2.23b (up 49% from 2Q 2023).

• Net income: €134.0m (up 135% from 2Q 2023).

• Profit margin: 6.0% (up from 3.8% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: €3.09 (up from €1.32 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rheinmetall Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) missed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany.

Performance of the German Aerospace & Defense industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Rheinmetall's balance sheet.

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