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.”