![]() ![]() UBS analysts warned though that while Rheinmetall's shares largely priced in future defence orders, they had yet to materialise. The brokerage estimates ammunition sales could lift Rheinmetall's core earnings by 32 million euros each month, potentially doubling the group's monthly profit based on numbers reported for the first nine months of 2022. While that would be a fraction of total sales - seen at 7.6 billion euros in 2023 according to Refinitiv estimates -as the sole qualified supplier of Leopard 2 ammunition, the group could see a significant boost to its earnings, Stiefel said in a note on Wednesday. Rheinmetall has said that 29 of the Leopard 2A4 tanks could already be delivered by April or May.Īnalysts at Stifel Equity Research estimate Leopard deliveries could bring in between 300 million euros and 350 million euros of sales for Rheinmetall this year and next. The group has said it can deliver a total of 139 Leopard tanks - 51 of the model 2 and 88 of the older model 1 - to Ukraine. Rheinmetall's direct deliveries to Ukraine so far included air defence systems used to combat drones, ammunition, military trucks as well as a field hospital. ![]() ![]() Today, the company, which is also a key supplier to the automotive sector, employs more than 25,000 worldwide and apart from the Leopard battle tank also makes the Puma and Marder infantry fighting vehicles as well as several types of ammunition. ![]()
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