Record Sales Growth in Defense Segment
Sales growth in the defense segment increased by 33%, reaching EUR 1.795 billion. Overall group sales grew by 46% to EUR 2.305 billion.
Strong Operating Margin in Defense
The defense segment achieved a record operating margin of 11.5%, with group operating margins at 8.7%.
Substantial Backlog and Nomination Growth
Backlog grew by 56% to over EUR 62 billion, with nominations increasing by 181% to more than EUR 11 billion.
High Volume of Job Applications
Rheinmetall received 70,000 job applications in Q1, indicating strong interest from potential employees.
Positive Free Cash Flow
Operational free cash flow increased by EUR 454 million compared to Q1 of last year, totaling over EUR 0.25 billion.
Strategic Partnerships and Joint Ventures
Rheinmetall entered into a joint venture with Lockheed Martin for missile production and with ICEYE for satellite technology, indicating strategic expansion.
Upgraded Credit Rating
Moody's upgraded Rheinmetall's credit rating to Baa1.