03.11.2014 Rheinmetall AG  DE0007030009

DGAP-Adhoc: Rheinmetall AG: Rheinmetall Adjusts Group Forecasts: Automotive Stronger, Defence Weaker

Rheinmetall AG / Key word(s): Change in Forecast/Profit Warning 03.11.2014 15:42 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Rheinmetall AG is lowering its 2014 forecast for the Group operating result (EBIT before special items) to EUR150 million. The previous forecast for the Group operating result in the current fiscal year was between EUR200 million and EUR220 million. This adjustment is based on earnings in the Defence sector that are considerably weaker than expected and an increase in the previous forecast for the Automotive sector. In the Automotive sector, an operating result of EUR180 million is now expected from continuing operations, i.e. not including the Aluminium-Technologie business unit, which is being contributed to a joint venture. Previously, the corresponding forecast was between EUR155 million and EUR165 million. According to the new forecast for the Automotive sector, Rheinmetall expects to achieve annual sales of around EUR2.4 billion, which would correspond to the upper end of its previous sales forecast of EUR2.3 billion to EUR2.4 billion. The Automotive sector, which will therefore generate more than half of the Group's sales once again, is also growing faster than global automotive production in the current fiscal year. The sector is benefiting from the high level of demand for products for reducing fuel consumption and emissions and from rising profitability following the restructuring measures that were successfully conducted last year. For the Defence sector, Rheinmetall is lowering its previous sales forecast for 2014 from EUR2.3 billion to around EUR2.2 billion, largely due to the delays in the export business and the weak overall performance of the market. In terms of the operating result in the Defence sector, Rheinmetall is now anticipating a moderate loss of EUR-10 million before special items. A positive operating result of between EUR65 million and EUR75 million had previously been forecast for the Defence sector. Around half of the adjustment to the earnings forecast is due to lower sales as a result of export licenses that have been delayed or not granted and the generally weaker state of the market. Unexpected cost overruns in development projects at a Scandinavian subsidiary, the provision for potential warranty claims from a deal with naval weapons and a deterioration in the product mix were also factors in the adjustment of the operating earnings forecast for fiscal 2014. In addition, Rheinmetall is currently expecting non-operating special items to amount to EUR20 million in 2014, having previously forecast negative special items of EUR10 million. As well as subsequent expenses from the restructuring program in the previous year, these special items include unplanned expenditure in connection with the final contractual step in the sale of the Unmanned Aerial Systems product unit that took place in 2012. Not yet included in this figure are the potential negative financial effects expected as a result of administrative offense proceedings against a Rheinmetall subsidiary in Bremen in connection with corruption inquiries in Greece. In the first three quarters of 2014, Rheinmetall increased its consolidated sales by around 9% to EUR3,215 million. Earnings before interest and taxes (EBIT) improved by EUR25 million to EUR23 million in the first nine months of the year. Rheinmetall will publish its confirmed figures for the third quarter of 2014 on November 6, 2014. 03.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Rheinmetall AG Rheinmetall Platz 1 40476 Düsseldorf Germany Phone: +49 (0)211 473-4718 Fax: +49 (0)211 473-4157 E-mail: franz-bernd.reich@rheinmetall.com Internet: www.rheinmetall.com ISIN: DE0007030009 WKN: 703000 Indices: MDAX Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime Standard), Hamburg, München, Stuttgart; Freiverkehr in Hannover End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 4.417,00 4.688,00 5.183,00 5.602,00 5.896,00 6.148,00 6.255,00 0,00
EBITDA1,2 315,00 299,00 490,00 581,00 626,00 651,00 792,00 0,00
EBITDA-Marge3 7,13 6,38 9,45 10,37 10,62 10,59 12,66 0,00
EBIT1,4 90,00 77,00 275,00 353,00 385,00 518,00 512,00 0,00
EBIT-Marge5 2,04 1,64 5,31 6,30 6,53 8,43 8,19 0,00
Jahresüberschuss1 22,00 21,00 160,00 215,00 252,00 265,00 354,00 0,00
Netto-Marge6 0,50 0,45 3,09 3,84 4,27 4,31 5,66 0,00
Cashflow1,7 211,00 102,00 270,00 444,00 546,00 242,00 602,00 0,00
Ergebnis je Aktie8 0,75 0,47 3.88 4,69 5,24 7,10 7,77 4,80
Dividende8 0,40 0,30 1,10 1,45 1,70 2,10 2,40 1,50
Quelle: boersengefluester.de und Firmenangaben

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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

WKN Kurs in € Einschätzung Börsenwert in Mio. €
703000 72,960 Kaufen 3.178,05
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,27 12,89 1,013 15,36
1,57 5,28 0,51 5,554
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
2,40 1,50 3,29 19.05.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.04.2020 30.07.2020 04.11.2020 18.03.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
14,36% -21,00% -28,75% -26,98%
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Automobilzulieferer , 703000 , RHM , XETR:RHM