Bitcoin price today: dips to $92k as Fed cut doubts spark risk-off mood
Investing.com -- Rheinmetall said on Tuesday it expects to lift annual revenue to about 50 billion euros by 2030—five times its 2024 level of 9.8 billion euros. The target places the company at the upper end of its previous 40–50 billion-euro range and stands roughly 29% above current consensus, according to Jefferies.
The company said that the target includes planned M&A activity but does not factor in any potential contract wins in the U.S.
Shares in the European arms manufacturer rose 3.1% by 10:17 GMT.
Management also raised its profitability ambitions, guiding for an operating margin above 20%. This implies at least 10 billion euros of adjusted EBIT by the end of the decade, Jefferies analyst Chloe Lemarie said.
The group increased its cash-conversion goal as well. Rheinmetall now aims for a rate above 50% on a three-year rolling basis, up from a prior target of more than 40%.
This “would imply around €5bn of free cash flow (FCF) in 2030, 22% ahead of consensus, driven by the hike in adj. EBIT,” Lemarie noted.
“We see this as a strong guidance, 30% ahead of consensus, with more details to be released on the M&A part of the guide which seems implied around €5bn implying c. 15% stronger organic growth vs. cons,” she wrote.
By division, the 2030 plan calls for 14–16 billion euros of sales in Weapon & Ammunition with margins of 29–31%; 13–15 billion euros in Vehicle Systems with 13–15% margins; 8–10 billion euros in Digital with 17–19% margins; 3–4 billion euros in Air Defence with 24–26% margins; and about 5 billion euros in Naval with margins above 15%.
Ammunition output targets remain unchanged at 1.1 million units of 155mm shells in 2027, rising to around 1.5 million by 2030.
The company kept its 2025 outlook intact, expecting 25–30% sales growth, including 35–40% growth in defence and flat civil revenue.
Operating margin guidance remains about 15.5%, with cash conversion above 40%. Rheinmetall still sees its order backlog climbing to roughly 80 billion euros this year.