Rheinmetall Cuts 2026 Sales Forecast Again as Boxer Order Slips
The company lowered sales, margin and cash targets after delays to the Arminius Boxer program and artillery ammunition approvals.
- On Wednesday, German defense giant Rheinmetall lowered its 2026 sales forecast to about 13.2 billion euros, citing delays in the Arminius Boxer vehicle project and artillery ammunition deliveries.
- Lowering its operating margin target to about 18.5%, the company scrapped expectations for an Arminius award this year, pushing associated revenue and advance payments into next year.
- Despite the guidance cut, Rheinmetall reported strong third-quarter results, with sales rising 32% to 3.15 billion euros and operating profit increasing 62% to 553 million euros.
- RBC analysts called the announcement "clearly negative," warning that delays in the Boxer program could fuel investor concerns regarding traditional defense technology and medium-term guidance.
- Shares are down roughly 35% year-to-date, though the company maintains a strong backlog of 78 billion euros as it continues to benefit from increased European military spending.
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54 Articles
Düsseldorf-based defence company Rheinmetall lowers its forecast for sales and profit margins. This has fatal consequences for the share price. Has the company raised too high expectations?
Germany's rearmament boom hits reality as Rheinmetall shares plunge 17%
Germany's biggest arms manufacturer has cut its 2026 sales forecast for the second time in three months, sending its shares down as much as 17%, the Financial Times reports.Rheinmetall now expects $14.9 billion in revenue, down from its previous...
Whether it's Haubitzen or Panzer, whether it's ships or satellites, the Rheinmetall product range is large. The business is actually going well - but the expectations were probably somewhat exaggerated.
BT
Anticipated delays related to a government military project are prompting Rheinmetall to downgrade.
Rheinmetall shares reacted to the company's latest report with a huge drop, the German defense industry company's share price fell by almost 17 percent today. The company has lowered its annual forecast for the second time since August, and important military orders and ammunition deliveries are being postponed to next year. However, at first glance, the quarter was particularly strong, with sales increasing by 32 percent, operating profit jumpi…
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