07 Aug 2014

Ad-hoc: Rheinmetall updates outlook for 2014

Changes in the Group’s portfolio and the cancellation of an export permit for Russia have led to an update in the overall annual forecast for Rheinmetall AG for fiscal 2014.

Sales – Due to the contribution of the Aluminium-Technologie business unit to a joint venture with the Chinese company HUAYU Automotive Systems Co. Ltd (HASCO), sales of approximately €200 million which were included in the original sales forecast no longer apply to the Automotive sector or the Rheinmetall Group.

As a result, Rheinmetall now expects the Group to achieve sales of between €4.6 billion and €4.7 billion in the current fiscal year (previously: €4.8 billion to €4.9 billion) and the Automotive sector sales of between €2.3 billion and €2.4 billion (previously: €2.5 billion to €2.6 billion). The Defence sector is expected to achieve sales of around €2.3 billion over 2014 as a whole on the basis of the high order backlog, even in a difficult market environment.

Operating result – As a result of the planned joint venture with HASCO and the associated loss of sales from the Aluminium-Technologie business unit, Rheinmetall has also updated the forecast for the Automotive sector’s operating result in fiscal 2014, lowering it by €10 million to between €155 million and €165 million. However, provided that the development of global automotive production proves just as robust up to the end of the year as it did in the first six months, the original forecast for the operating result of between €165 million and €175 million may still be achieved, despite reclassifying the Aluminium-Technologie business unit.

Due to the fact that the export license for the Mulino combat training center in Russia has been withdrawn owing to changes in the political environment, it is no longer possible to fulfill the respective contract from today’s perspective. Rheinmetall already assumes that this will lead to financial burdens in the current fiscal year. The forecast for the Defence sector’s operating result has therefore been adjusted from between €85 million and €95 million previously to between €65 million and €75 million. However, Rheinmetall is working hard to ensure that these burdens are kept as low as possible including the utilization of all available legal options.

Consequently, Rheinmetall expects the Group to achieve an operating result (EBIT) of between €200 million and €220 million in fiscal 2014 (previously: €230 million to €250 million).

Rheinmetall AG

Dr. Philipp von Brandenstein
Head of Corporate Communications
Rheinmetall Platz 1
40476 Düsseldorf
Germany
Phone: +49 211 473-01
Fax: +49 211 473-4158



Share press release

Privacy settings

We place great importance on transparent information relating to all aspects of data protection. Our website contains detailed information on the settings you can select and what effect these settings have. You can change your selected settings at any time. Regardless of the selection you choose, we will not draw any conclusions regarding you as a person (except where you have explicitly entered your details). For information on deleting the cookies, please see the help function in your browser. You can find out more in the data protection declaration.

Change your privacy settings by clicking on the corresponding buttons

Necessary

Cookies essential for the system ensure that the website works correctly. Without these cookies, malfunctions or error messages may occur.

This website will:

  • Store cookies required by the system
  • Store the settings you make on this website

This site will never do the following without your agreement:

  • Store your settings, such as the language selection or cookie banner, so that you do not have to repeat them in the future.
  • Evaluate visits anonymously and draw conclusions to help us to optimize our website.
  • Draw conclusions regarding you as a person (except where you have explicitly entered your details, e.g. in contact forms)

Convenience

These cookies make the website easier to use and save settings, for example, so that you do not have to repeat them every time you visit the site.

This website will:

  • Store cookies required by the system
  • Store your settings, such as the language selection or cookie banner, so that you do not have to repeat them in the future.

This site will never do the following without your agreement:

  • Evaluate visits anonymously and draw conclusions to help us to optimize our website.
  • Draw conclusions regarding you as a person (except where you have explicitly entered your details, e.g. in contact forms)

Statistics

Statistics cookies enable us to evaluate the usage behaviour on the website anonymously – without enabling any conclusions to be drawn about you as a person. This enables us to measure the performance of the website and to improve it continuously to offer a better user experience.

This website will:

  • Store cookies required by the system
  • Store your settings, such as the language selection or cookie banner, so that you do not have to repeat them in the future.
  • Evaluate visits anonymously and draw conclusions to help us to optimize our website.

This site will never do the following without your agreement:

  • Draw conclusions regarding you as a person (except where you have explicitly entered your details, e.g. in contact forms)

Notice regarding data transfers to the USA

If you select "STATISTICS", cookies from the US-based company Google Inc. will also be used. By selecting this option, you also expressly agree in accordance with Art. 49 Para. 1 S. 1 lit. a GDPR that your data collected by these cookies can also be processed by Google in the USA. The European Court of Justice (ECJ) has qualified the USA as a country with a level of data protection inadequate to EU standards. Further information on Google's handling of data protection can be found here.


Of course, we will always respect the do-not-track (DNT) setting in your browser. In this case, no tracking cookies are set and no tracking functions are loaded.