Rheinmetall AG (XETR:RHM) reported a strong Q2 with revenue around €3.29–3.3B and operating profit of €562M, yet showed negative operating free cash flow from deferred advance payments; Morningstar trimmed its 2030 naval revenue view after Germany canceled F126s even as RHM won a UK Artec deal for 72 RCH 155s.
Previous Week Recap
- Rheinmetall AG Q2 Revenue, Op Profit, FCF: Rheinmetall AG (RHM) prelim Q2: revenue ~EUR 3.289–3.3B (+69–70% YoY), operating profit EUR 562M (above consensus); notably negative operating free cash flow from deferred advance payments.
- Rheinmetall AG Naval Forecast Cut: Morningstar cut Rheinmetall AG (RHM) 2030 naval revenue forecast from €5B to €3B after Germany canceled the F126 frigate order — key for traders tracking RHM naval exposure
- Rheinmetall AG UK Contract Win: Rheinmetall AG (RHM) won a UK contract via Artec to supply weapon systems for 72 RCH 155 wheeled howitzers. Order value: low three‑digit million euros; includes elevating masses, tools, services.
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