Is Strong Q3 Growth Shifting the Investment Narrative for Rheinmetall (XTRA:RHM)?
Rheinmetall AG reported strong Q3 results with sales of €2.78 billion and net income of €152 million, reflecting year-over-year growth. The company’s focus on defense spending and divestment of civilian units aligns with expectations for increased European defense budgets. Despite positive momentum, risks remain due to regulatory delays and procurement cycles. Rheinmetall anticipates €26.4 billion in revenue and €3.4 billion in earnings by 2028, requiring significant annual growth. Community fair value estimates for the stock vary widely, indicating differing views on its future performance.
Simplywall·