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Rheinmetall Reports Record Q1 Growth Fueled by Defense Demand

The German defense giant posts 46% revenue growth, a €62.7 billion backlog, and reaffirms 2025 guidance as geopolitical tensions drive demand.

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Overview

  • Rheinmetall's Q1 2025 revenue surged 46% to €2.3 billion, driven by strong demand for military technology.
  • Military technology sales jumped nearly 73%, contributing to an operating profit increase of almost 50% to €199 million.
  • The company attributed part of its growth to timing effects from shifting deliveries into the first quarter.
  • Rheinmetall’s order backlog reached a record €62.7 billion, reflecting robust and sustained demand for its products.
  • The board reaffirmed its 2025 guidance of 25–30% revenue growth and a 15.5% operating margin, with further geopolitical-driven market potential yet to be factored in.