14 Feb 2013

Rheinmetall presents provisional figures for the 2012 fiscal year: Consolidated sales grow to €4.7 billion, orders up 60% in Defence

  • Consolidated sales climb 6% to €4,704 million
  • Growth in both corporate sectors
  • Defence increases order intake by €1.1 billion to almost €3 billion
  • Automotive achieves growth with products to reduce emissions and consumption
  • Second-highest ever earnings (EBIT) of €301 million

Düsseldorf-based Rheinmetall AG generated consolidated sales of €4,704 million in fiscal 2012, representing growth of €250 million or around 6% year-on-year. Earnings before interest and taxes (EBIT) totaled €301 million, according to provisional figures. The company has to date performed better only in the record year of 2011, when EBIT amounted to €354 million. Orders in the Defence sector reached a new record, growing by 60% year-on-year to almost €3 billion.

Rheinmetall increased its sales in a more difficult market environment for both sectors. The Automotive sector grew by around 2%, despite a substantial decline in automobile production on its established markets in Western Europe. If the non-consolidated joint ventures in China are included, the level of growth was almost 6%. Meanwhile, the Defence sector increased its sales by a total of €194 million or 9%, owing to the first-time consolidation of the military logistics vehicles business from its joint venture with MAN.

Record orders in Defence

The Defence sector achieved sales of €2,335 million in fiscal 2012 (previous year: €2,141 million). Growth in sales was particularly striking in the fourth quarter of 2012, when sales totaled €865 million, surpassing the previous year’s strong figure of €771 million by 12%. The sector’s order intake grew significantly, despite cuts to defence budgets in many countries owing to budget consolidation. In total, the Defence sector received new orders worth €2,933 million in 2012, representing robust growth of €1,102 million year-on-year (previous year: €1,831 million).

Of the order intake for the year as a whole, €1,355 million related to the fourth quarter (previous year: €528 million). This high order intake is a result of the internatio-nalization strategy followed by the sector, which has systematically expanded its global network of locations and sales in recent years. At €4,987 million, the order backlog in the Defence sector is up 10% year-on-year (previous year: €4,541 million), reaching a new record.

Following three weaker quarters, the sector’s operational earnings performance made up lost ground in the fourth quarter of 2012, but restructuring costs had to be considered. Earnings before interest and taxes (EBIT) for the year as a whole totaled €174 million, a drop of 22% compared with the previous year (€223 million). EBIT for 2012 includes non-operational effects of €28 million. While the sale of the majority stake in the drones business had a positive impact of €48 million, this was partially offset by restructuring costs of €20 million, mainly for business with tracked vehicles and air defence.

Automotive successful with Mechatronics and in China

The Automotive sector with the management company KSPG AG increased its sales by €56 million to €2,369 million in fiscal 2012 (previous year: €2,313 million). Sales of the Chinese joint venture, which is not included in these figures, grew by €92 million to €390 million. At 30%, this sales growth in China is well above the level of growth in Chinese automobile production, which totaled 8% last year. Growth in the Automotive sector was driven mainly by products from the Mechatronics division, such as variable oil and coolant pumps, exhaust gas recycling systems and solenoid valves, aimed at reducing emissions and consumption.

Earnings before interest and taxes (EBIT) of the Automotive sector totaled €143 million, falling €8 million short of the previous year's level.

Rheinmetall will publish the final figures for the 2012 fiscal year on 20 March 2013.

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

Press release

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.