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Annual reports

Annual Report as of 31 December 2020



Rheinmetall achieves success in crisis year 2020:
Defence secures high sales and earnings level –
Automotive makes positive contribution to operating result

Fiscal 2020

  • Consolidated sales down 6% to €5,875 million in the year of coronavirus
  • Consolidated operating result reaches €426 million
  • High operating free cash flow of €217 million
  • Defence: Operating result improves by 21% to €414 million, operating margin increases to 11.1%
  • Positive despite crisis: Automotive generates operating result of €33 million
  • Group’s order intake rises by 8% to €8.5 billion; order backlog reaches record figure of €13.4 billion
  • Group’s operating margin comes to 7.3%, after 8.1% in the previous year
  • Proposed dividend of €2.00 per share

Outlook for 2021 foresees sales growth and improved margins

  • Rheinmetall expects sales and earnings growth in 2021
  • Consolidated sales to grow by between 7% and 9%
  • Group’s operating margin expected to be between 8% and 9%

New medium-term targets for 2025:

  • Consolidated sales in the core business to increase to around €8.5 billion by 2025
  • Anticipated medium-term operating margin of at least 10%

Armin Papperger, CEO of Rheinmetall AG: “We are proud that we coped so successfully with the coronavirus crisis in 2020, which was our third-best year in terms of our operating result. Our liquidity did not suffer. On the contrary, we are reporting strong cash flow of over €200 million. This means that we are able to propose a dividend of €2.00 to the Annual General Meeting. And with regard to our markets, we acquired many important orders and increased our order backlog to a record figure of over €13 billion. On top of this come our framework agreements for military trucks and ammunition worth more than €3.5 billion.”

Annual reports

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 2021 Quarterly report 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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