Admin l Thursday, March 16, 2023
BERLIN – The German defence and automotive manufacturer Rheinmetall AG said on Thursday that its fiscal 2022 earning rose to €469 million ($497 million) from €291 million in fiscal 2021.
Earnings per share increased to €10.82 from €6.72 in 2021. Earnings per share from continuing operations increased to €10.64 from last year’s €9.04.
Earnings before interest and taxes (EBIT) increased 27% year-over-year to €754 million. Operating margin increased to 11.8%, after 10.5% in the previous year. Consolidated sales grew 13% to €6.41 billion from last year’s €5.66 billion.
Rheinmetall’s order backlog was €26.6 billion, an all-time high. Further, the company said a dividend payment for fiscal 2022 of €4.30 per share will be proposed to the annual general meeting on May 9, compared with €3.30 in the previous year.
Looking ahead for fiscal 2023, Rheinmetall Group expects significant growth in sales and anticipates a stable, high operating margin combined with an improved operating result.
Annual sales are expected to rise to between €7.4 billion and €7.6 billion. Rheinmetall is expecting a group operating margin of around 12% for fiscal 2023, up from last year’s 11.8%.