Rheinmetall AG

RHM: XETR (DEU)

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Rheinmetall: After First FVE Cut, We Trim It a Further 6% for Lower Visibility Outside Germany

Loredana Muharremi

Nov 9, 2026

Rheinmetall cut 2026 sales guidance to about EUR 13.2 billion from EUR 13.7-EUR 14.2 billion and its operating margin to 18.5% from 19%. It also withdrew its cash conversion target above 40% as Arminius and ammunition delays defer revenue and cash receipts.

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Rheinmetall AG

Rheinmetall: After First FVE Cut, We Trim It a Further 6% for Lower Visibility Outside Germany

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