BERLIN (Reuters) – Rheinmetall raised its outlook for 2023 on Thursday after reporting what the German defence contractor said was a record operating result in 2022 due to the war in Ukraine and increased defence spending in Germany and Europe.
The company, which recently joined Germany’s DAX blue-chip index, reported earnings before interest and taxes (EBIT before special items) of 754 million euros ($799.84 million) last year, up 27% compared with the year before and a new record, with the high-margin arms and ammunition business as the main driver.
($1 = 0.9427 euros)
(Writing by Miranda Murray, Reporting by Friederike Heine)
