The Increase in Rheinmetall

The German Rheinmetall Group has achieved in the first half of this year. turnover of 2.25 billion euros. This is 9% more than last year. Positive results mainly produces civilian automotive industry.

One of the most recent copies Puma IFV with additional armor panels, and destination facilities during the tower placement tests, which have recently been extended to September next year. Shared with Krauss-Maffei Wegmann - PSM within the company - implementing long-term contract for 350 vehicles for the Bundeswehr is one of the solid foundations of the Rheinmetall.

According to today's announcement of the company, automotive plants (mainly producing components of engines - including cylinder blocks, engine and oil pumps), recorded a turnover of 1.243 billion euros. It is about 6% more than in the corresponding period of 2011. Growth achieved - despite a general decline in automotive production in Europe - has been achieved largely due to increased exports to joint ventures in China, whose financial performance is not, however, was placed in the general statement.

Operators of special production reached a turnover of 1.01 billion euros, or 12% higher than a year earlier. Unfortunately, up to 137 million Euro of this amount generated recently joined the company to the German company. This means that the old plants affected, in fact, a slight decrease in revenue of 3%.

However, are positive about the amount of military orders. In the first six months of this year. managed to get orders worth almost 1.14 billion euros, up 33% from mid-2011. Among the biggest successes mentioned signing a 44 million Euro - for equipment of the Bundeswehr infantry under the Gladius - and the two export agreements with customers in Asia and the Middle East with anti-systems, worth 130 million Euro.

Both industries, civilian and military, have developed a good profit: a pre-tax amount of shut it 127 million euros, and thus achieved is comparable to the previous year. All this meant that Rheinmetall Board declares an increase in the likelihood of achieving expected results in the entire previous year. 2012 had a turnover of close-up of 4.9 billion euros.