Executives at Rheinmetall celebrate record €64 billion order backlog and raised sales forecast in a modern boardroom.
Executives at Rheinmetall celebrate record €64 billion order backlog and raised sales forecast in a modern boardroom.
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Rheinmetall rapporterer rekordhøj ordrebog og hæver prognosen

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Tysk forsvarsvirksomhed Rheinmetall rapporterede et rekord driftsresultat for 2025 og hævede udbyttet betydeligt. Ordrebogen nåede næsten 64 milliarder euro, drevet af forsvarsboomet. For 2026 forudser selskabet en salgsstigning på 40 til 45 procent.

Rheinmetall, Tysklands største forsvarskontraktor med hovedkvarter i Düsseldorf, offentliggjorde sin årsrapport for 2025 den 11. marts 2026. Salget steg 29 procent til ca. 9,9 milliarder euro. Driftsresultatet steg 33 procent til 1,8 milliarder euro med en driftsmargin på 18,5 procent – et nyt rekordniveau. Ammunitionsdivisionen bidrog betydeligt med en margin på over 29 procent. Nettoresultatet lå på 0,8 milliarder euro, op 3 procent. The order backlog reached a high of 63.8 billion euros, including binding orders and framework agreements. CEO Armin Papperger stated: “Vi har opnået et nyt rekord driftsresultat og vil yderligere øge koncernens rentabilitet. Vi er godt positioneret til nye store projekter fra de væbnede styrker.” For 2026 forventer Rheinmetall et salg på 14,0 til 14,5 milliarder euro, svarende til en vækst på 40 til 45 procent. Driftsfortjenstmargenen forventes at stige til 19 procent. Væksten understøttes af opkøb som militærdivisionen i Lürssen-værftet, der muliggør produktion af skibe og flydele. Det største anlæg ligger i Unterlüß, og dele til F-35-jagten fremstilles i Weeze. Boomet skyldes genoprustningen af Bundeswehr og NATO-allierede på grund af den russiske trussel, selvom nogle ordrer er kommet senere end forventet.

Hvad folk siger

Diskussioner på X fokuserer på Rheinmetalls rekord driftsresultat for 2025, ordrebog på næsten 64 mia. euro, udbyttehævning til 11,50 euro pr. aktie og salgsprognose for 2026 på 40-45 %. Positive reaktioner roser den stærke præstation midt i forsvarsboomet og udbyttehævningen, der overgik forventningerne. Neutrale opslag rapporterer nøgletal og aktieudviklingen. Nogle udtrykker skepsis over bæredygtigheden og noterer et initialt fald i aktiekursen på trods af solide resultater.

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