Germany-based Rheinmetall has concluded the first half (H1) of fiscal 2025 (FY25) with record sales and income figures, propelled by sustained high demand in the defence sector and 36% sales growth in the business.
The company’s consolidated sales rose by 24% to €4.74bn ($5.52bn) in H1 FY25, up from €3.82bn in the previous year period.
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The Vehicle Systems saw a 46% increase in sales to €1.89bn and Weapon and Ammunition experienced a 26% surge in sales reaching €1.32bn.
Sales in Electronic Solutions, focused on digitalisation, infantry equipment, air defence, and simulation, grew by 46% to €944m.
Rheinmetall’s operating result for the H1 FY25 was €475m, an 18% increase from the previous year’s €404m.
This was driven by the defence business, which reported an operating result of €464m, up by 20%.
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By GlobalDataRheinmetall’s order backlog reached an all-time high of €63bn as of 30 June 2025.
Rheinmetall CEO Armin Papperger said: “Rheinmetall is successfully on its way to becoming a global defence champion. We are now also a serious partner for US companies. Our order books are full and will continue to grow in the future.
“We stand by our responsibility for our democracy and the independence of Europe, where we are contacted by many countries regarding new projects. We will take advantage of these opportunities. We are in the process of significantly strengthening our foothold in Central and Eastern Europe.”
Rheinmetall has confirmed that it is on track to meet full-year sales and earnings forecast for fiscal 2025.
The company projects a 25% to 30% growth in consolidated sales over the previous year’s €9.75bn.
Additionally, Rheinmetall anticipates an improvement in operating earnings, aiming for an operating result margin of about 15.5%, inclusive of acquisitions and holding costs, slightly up from the previous year’s margin of 15.2%.
“We are working hard to further increase sales significantly and are investing in many European countries to create new capacity. We are constructing new plants, expanding existing ones and have also converted facilities from civil to defence production. We will soon be inaugurating Europe’s largest ammunition factory in Lower Saxony,” Armin Papperger added.
In April 2025, Rheinmetall finalised the acquisition of Stascheit, a specialist in ammunition detection and recovery based in Gardelegen/Saxony-Anhalt.
