Rheinmetall Reports Record Profits and Unprecedented Order Backlog

Driven by increased defense spending following the Ukraine conflict, the German arms manufacturer saw a 36% revenue surge and a 61% rise in operating profit in 2024.

Rheinmetall's revenue grew to €9.75 billion in 2024, marking a 36% increase compared to the previous year.
The company's operating profit reached a record €1.48 billion, a 61% rise from 2023.
The order backlog hit €55 billion, up 44% from 2023, reflecting surging demand for military equipment across Europe and NATO countries.
Rheinmetall now generates 80% of its revenue from its military division, with civilian automotive sales declining.
The company predicts a further 25-30% revenue growth in 2025, with potential for higher gains due to evolving geopolitical dynamics and increased defense budgets in Europe.