AFP
Rheinmetall Go Well

Rheinmetall Go Well May 13, 2019

Rheinmetall AG, based in Germany, announced its balance sheet for the first quarter of 2019. According to the company's data released on May 9, Rheinmetall recorded growth.

The company's budget grew 6.6% in the first quarter. In the budget, which reached 1,343 billion Euros, the profit rate also increased by 15% to € 54 million. In addition to the defence, the company, which operates in the automotive sector, comapny sales reduced 4.9% and earnings decreased by 25%. In the first quarter of 2019, Rheinmetall AG's defence division grew by 24% compared to the same period of 2018 and generated a budget of 629 million Euros.

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