Rheinmetall achieves best result in the Company's history
Preliminary figures for fiscal 2011
(PresseBox) - .
- Consolidated sales up 12% to ?4,454 million
- Growth in Automotive and Defence sectors
- Earnings before interest and taxes (EBIT) up 19% to ?354 million
- Earnings before taxes (EBT) increases by 29% to ?295 million
Rheinmetall AG, based in Düsseldorf, achieved significant growth in sales and earnings in fiscal 2011. Preliminary consolidated earnings before interest and taxes (EBIT) reached a new high at ?354 million. Sales generated in the fiscal year total ?4,454 million according to preliminary figures. Rheinmetall had recently forecast sales of ?4.4 billion and EBIT between ?340 million and ?360 million.
Rheinmetall has expanded the sales volume in both sectors and reports growth of approximately 12% in fiscal 2011 compared with the previous year's figure of ?3,989 million. There has been an even higher rise in earnings: EBIT climbed by ?57 million from the ?297 million figure achieved the previous year - an increase of 19%. Hence, the EBIT margin in the Group has improved from 7.4% (2010) to 7.9% in fiscal 2011. The Rheinmetall Group also achieved a new record in earnings before taxes (EBT) of ?295 million. EBT is up ?66 million or 29% year-on-year.
The Automotive sector excelled, with a very pleasant development in sales combined with a particularly positive growth in earnings. Automotive has boosted sales by ?331 million or 17% to ?2,313 million (2010: ?1,982 million). The sector achieved an increase in EBIT of ?70 million or 86%, which now totals ?151 million (2010: ?81 million).
In the year under review, sales in the Defence sector increased by 7% or ?134 million to ?2,141 million (2010: ?2,007 million). At ?223 million, EBIT is slightly down on the previous year's figure of ?234 million. With an EBIT margin of 10.4% the Defence sector has again reached a high level.
Rheinmetall will publish its final figures for fiscal 2011 on March 21, 2012.
Datum: 22.02.2012 - 10:16 Uhr
Sprache: Deutsch
News-ID 117127
Anzahl Zeichen: 2079
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Düsseldorf
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Business News
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