Rheinmetall expects recovery of defence sales in 2014
Rheinmetall has reported a lower group operating profit for 2013 compared to 2012 as defence sales have been affected by a challenging budget environment.
Operating profit decreased from €268 million in 2012 to €213 million in 2013. A year-on-year decline of 8% to €2.2 billion was recorded for defence revenues. While the defence operating profit, totalling €60 million, was €25 million lower than in the previous year, it was in line with expectations.
In addition, restructuring measures expensed at €86 million have adversely affected the group result.
‘We initiated important restructuring measures to lay the foundation for profitable growth in
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Ukraine receives more Patriot batteries as Centauros break cover]()
Ukraine receives more Patriot batteries as Centauros break cover
President of Ukraine Volodymyr Zelenskyy has announced the arrival of more Patriot air defence systems in his country. The development follows the Ukrainian Foreign Minister Andriy Sybiha calling for 10 more systems last month and Zelenskyy reiterating the need for more.
-
![Norway orders improved NASAMS technology as more countries sign up]()
Norway orders improved NASAMS technology as more countries sign up
The country’s air defence batteries will be equipped with new command posts, wheeled communication nodes and radios. The system itself is in service with more than 14 countries with 13 systems in Ukraine.
-
![Ukraine’s ground robot army still finding its feet]()
Ukraine’s ground robot army still finding its feet
Ukraine’s quest to replace soldiers with robots is hitting technical snags. Shephard spoke with industry leaders about difficulties in the field and what solutions are in the pipeline.
-
![DOK-ING presents CUAS MV-8 armed with Valhalla Mangart 25 turret]()
DOK-ING presents CUAS MV-8 armed with Valhalla Mangart 25 turret
The partnership between Croatia’s DOK-ING and Slovenia’s Valhalla Turrets reflects an effort to combine ground robots and with improved capabilities and new roles and follows Rheinmetall presenting its Ox with Dispatch charging docks from Valinor.
-
![British Army vehicle programme may be shifting gears again]()
British Army vehicle programme may be shifting gears again
The UK’s effort to replace thousands of vehicles across a dozen base vehicle types has had a troubled history and statements from the UK’s Defence Minster Luke Pollard indicate change may be on the way.
