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Investing.com -- German defense electronics company Hensoldt has pre-released an update ahead of its third-quarter results, confirming it will meet the lower end of its sales guidance.
The company expects to achieve sales of €2.5 billion for the year, which is at the bottom of its previously announced guidance range of €2.5-2.6 billion. Hensoldt also anticipates an EBITDA margin of around 18%, compared to its earlier guidance of 18% or higher.
Despite the sales outlook, Hensoldt provided a positive update on order intake, projecting a book-to-bill ratio of 1.6x-1.9x, which translates to orders worth €4-4.8 billion. This significantly exceeds the company’s previous guidance of greater than 1.2x.
The strong order performance comes amid robust growth in German defense budgets and recent Eurofighter orders.
Hensoldt is scheduled to release its full third-quarter results on November 7, followed by a Capital Markets Day on November 11.
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