FRANKFURT (Thomson Financial) - Rheinmetall AG. said first-quarter net
profit rose 18 percent to 26 million euros, beating market expectations of 24.2
million euros.
The German defence and automotive parts company said sales in the quarter
were 922 million euros compared with 911 million a year earlier, below the 937
million euros analysts consensus compiled by Thomson Financial News partner
dpa-AFX.
Rheinmetall said it still expects full-year sales to grow and earnings
before interest and tax (EBIT) to reach between 280 million euros and 290
million.
It also confirmed its mid-term guidance of an EBIT margin of 9 percent and a
return on capital employed (ROCE) of 20 percent by end-2010.
frederik.richter@thomsonreuters.com
fr1/nes
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|