Annual reports

Annual Report as of 31 December 2021



Rheinmetall achieves record figures in fiscal 2021:
Earnings at all-time high – margin reaches 10.5%
Rheinmetall on course for profitable growth in 2022

Fiscal 2021

  • Consolidated sales increase by 4.7% to €5,658 million
  • Operating result improves by 33% to a record figure of €594 million
  • Group’s operating margin reaches 10.5%, after 8.3% in the previous year
  • Operating free cash flow increases from €217 million to €419 million
  • Record Rheinmetall backlog of €24.5 billion
  • Proposed dividend of €3.30 per share, after €2.00 in the previous year

Outlook for 2022: Sales growth and stable high margins

  • Rheinmetall forecasts sales and earnings growth to continue in 2022
  • Consolidated sales currently expected to grow by between 15% and 20%
  • Group’s operating margin currently expected to be over 11%

Rheinmetall AG continued on its profitable growth trajectory and closed fiscal 2021 with record figures. New record highs were set for both the operating result and operating free cash flow. Thanks to high-volume major orders from military customers and because international automotive manufacturers were awarding more contracts again, the order backlog is also at an all-time high. Consolidated sales increased mainly in the civilian business, which was characterized in 2021 by increasing demand in the global automotive industry.

Armin Papperger, Chief Executive Officer of Rheinmetall AG, comments: “Rheinmetall is on a very good course. Thanks to the strategy program concluded in 2021, we have completed the development into an integrated technology group in organizational terms. This is now paying off: For the first time, we have generated a record operating margin of more than half a billion. We are very proud of this achievement, which is based on all five of our divisions.”

Annual reports

17 Mar 2022 Annual Report 2021 PDF 6.8 MB
18 Mar 2021 Annual Report 2020 PDF 7.1 MB
18 Mar 2020 Annual Report 2019 PDF 5.1 MB
13 Mar 2019 Annual Report 2018 PDF 6.9 MB
23 Mar 2018 Annual Report 2017 PDF 3.4 MB
23 Mar 2017 Annual Report 2016 PDF 3.5 MB
17 Mar 2016 Annual Report 2015 PDF 3.5 MB
19 Mar 2015 Annual Report 2014 PDF 5.5 MB
19 Mar 2014 Annual Report 2013 PDF 2.3 MB
26 Mar 2013 Annual Report 2012 PDF 2.9 MB
21 Mar 2012 Annual Report 2011 PDF 3.6 MB
23 Mar 2011 Annual Report 2010 PDF 2.8 MB
25 Mar 2010 Annual Report 2009 PDF 3.6 MB
30 Mar 2009 Annual Report 2008 PDF 3.5 MB
27 Mar 2008 Annual Report 2007 PDF 2.6 MB
03 Apr 2007 Annual Report 2006 PDF 2.8 MB
28 Mar 2006 Annual Report 2005 PDF 2.8 MB
30 Mar 2005 Kolbenschmidt Pierburg AG Annual Report 2004 PDF 3.3 MB
30 Mar 2005 Annual Report 2004 PDF 2.4 MB
04 Apr 2004 Annual Report 2003 PDF 1.3 MB
04 Apr 2004 Kolbenschmidt Pierburg ag Annual Report 2003 PDF 1.9 MB
30 Mar 2003 Annual Report 2002 PDF 2.3 MB
30 Mar 2003 Kolbenschmidt Pierburg AG Annual Report 2002 PDF 4.7 MB
30 Mar 2003 Rheinmetall Detec AG Annual Report 2002 PDF 1.4 MB
30 Mar 2003 Aditron AG Annual Report 2002 PDF 1.8 MB

Interim reports

06 May 2022 Quarterly statement as of
March 31, 2022
PDF 1.8 MB
05 Nov 2021 Quarterly statement as of
September 30, 2021
PDF 2.2 MB
05 Aug 2021 Semi-annual financial report 2021 PDF 2.5 MB
06 May 2021 Quarterly statement as of
March 31, 2021
PDF 2.1 MB
06 Nov 2020 Quarterly report as of
September 30, 2020
PDF 0.8 MB
06 Aug 2020 Semi-annual financial report 2020 PDF 0.6 MB
08 May 2020 Quarterly report as of
March 31, 2020
PDF 0.8 MB
07 Nov 2019 Quarterly report as of
September 30, 2019
PDF 0.7 MB
01 Aug 2019 Semi-annual financial report 2019 PDF 0.9 MB
09 May 2019 Quarterly report as of
March 31, 2019
PDF 0.7 MB
08 Nov 2018 Quarterly report as of
September 30, 2018
PDF 0.8 MB
02 Aug 2018 Semi-annual financial report 2018 PDF 0.5 MB
04 May 2018 Quarterly report as of
March 31, 2018
PDF 0.2 MB
07 Nov 2017 Quarterly report as of
September 30, 2017
PDF 0.7 MB
03 Aug 2017 Semi-annual financial report 2017 PDF 0.5 MB
04 May 2017 Quarterly report as of
March 31, 2017
PDF 0.7 MB
03 Nov 2016 Quarterly report as of
September 30, 2016
PDF 0.7 MB
04 Aug 2016 Semi-annual financial report 2016 PDF 0.4 MB
12 May 2016 Quarterly report as of
March 31, 2016
PDF 0.2 MB
16 Nov 2015 Interim report as of
September 30, 2015
PDF 0.3 MB
06 Aug 2015 Interim report as of
June 30, 2015
PDF 0.3 MB
07 May 2015 Interim report as of
March 31, 2015
PDF 0.3 MB
06 Nov 2014 Interim report as of
September 30, 2014
PDF 0.3 MB
07 Aug 2014 Interim report as of
June 30, 2014
PDF 1.0 MB
09 May 2014 Interim report as of
March 31, 2014
PDF 0.9 MB
08 Nov 2013 Interim report as of
September 30, 2013
PDF 0.5 MB
09 Aug 2013 Interim report as of
June 30, 2013
PDF 0.9 MB
14 May 2013 Interim report as of
March 31, 2013
PDF 0.9 MB
09 Nov 2012 Interim report as of
September 30, 2012
PDF 1.0 MB
10 Aug 2012 Interim report as of
June 30, 2012
PDF 0.9 MB
03 May 2012 Interim report as of
March 31, 2012
PDF 0.5 MB
08 Nov 2011 Interim report as of
September 30, 2011
PDF 1.1 MB
29 Jul 2011 Interim report as of
June 30, 2011
PDF 0.5 MB
06 May 2011 Interim report as of
March 31, 2011
PDF 1.0 MB
17 Nov 2010 Interim report as of
September 30, 2010
PDF 0.9 MB
15 Nov 2010 Interim report as of
September 30, 2010
PDF 0.9 MB
12 Aug 2010 Interim report as of
June 30, 2010
PDF 0.8 MB
07 May 2010 Interim report as of
March 31, 2010
PDF 0.7 MB
11 Nov 2009 Interim report as of
September 30, 2009
PDF 0.2 MB
13 Aug 2009 Interim report as of
June 30, 2009
PDF 0.2 MB
08 May 2009 Interim report as of
March 31, 2009
PDF 0.2 MB
05 Nov 2008 Interim report as of
September 30, 2008
PDF 1.3 MB
12 Aug 2008 Interim report as of
June 30, 2008
PDF 1.3 MB
05 May 2008 Interim report as of
March 31, 2008
PDF 1.4 MB
12 Nov 2007 Interim report as of
September 30, 2007
PDF 0.5 MB
08 Aug 2007 Interim report as of
June 30, 2007
PDF 0.5 MB
07 May 2007 Interim report as of
March 31, 2007
PDF 0.9 MB
08 Nov 2006 Interim report as of
September 30, 2006
PDF 0.8 MB
08 Aug 2006 Interim report as of
June 30, 2006
PDF 0.4 MB
10 May 2006 Interim report as of
March 31, 2006
PDF 0.8 MB
14 Nov 2005 Interim report as of
September 30, 2005
PDF 1.1 MB
09 Aug 2005 Interim report as of
June 30, 2005
PDF 1.1 MB
05 May 2005 Interim report as of
March 31, 2005
PDF 0.1 MB
11 Nov 2004 Interim report as of
September 30, 2004
PDF 0.2 MB
05 Aug 2004 Interim report as of
June 30, 2004
PDF 0.2 MB
05 May 2004 Interim report as of
March 31, 2004
PDF 0.2 MB
19 Nov 2003 Interim report as of
September 30, 2003
PDF 0.2 MB
12 Aug 2003 Interim report as of
June 30, 2003
PDF 0.1 MB
20 May 2003 Interim report as of
March 31, 2003
PDF 0.2 MB
26 Feb 2003 Interim report as of
December 31, 2002
PDF 0.1 MB
27 Nov 2002 Interim report as of
September 30, 2002
PDF 0.1 MB
31 Aug 2002 Interim report as of
June 30, 2002
PDF 0.1 MB
30 May 2002 Interim report as of
March 31, 2002
PDF 0.1 MB

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