Sales and earnings in the first nine months of 2023 at German arms manufacturer Rheinmetall grew compared with the same period of last year.
Rheinmetall reported that its nine-month earnings per share from continuing operations increased to €4.73 ($5.06) from last year's €3.93.
Consolidated operating result amounted €387 million, up 17% on previous year's €331 million.
In the first nine months, consolidated sales increased 13% to €4.62 billion from previous year's €4.08 billion.
Adjusted for currency effects, sales were more than 14% higher than in the previous year.
Rheinmetall backlog climbed around 42% to €36.5 billion, from €25.7 billion last year.
The company confirmed its current guidance for fiscal 2023 sales growth and operating margin, in light of the current market situation and the consistently positive order situation.
The company continues to expect consolidated sales between €7.4 billion and €7.6 billion and an operating margin of around 12%.
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