Financial Insights That Matter
German arms giant Rheinmetall has seen its share price rise tenfold in the three years since the Russian invasion of Ukraine.
The company’s stock was trading at €968 ($1,015) on the Frankfurt Stock Exchange on Wednesday, up from the €96.8 price on February 23, 2022, the day before Russia launched a full-scale invasion of its neighbour.
Rheinmetall manufactures tanks, military trucks, artillery, anti-aircraft guns and ammunition – all armaments that are urgently needed in the war in Ukraine.
The Dusseldorf-based company has also benefited from increased demand from NATO member states investing more in defence due to the increasing threat from Russia.
The German military, known as the Bundeswehr, is currently undergoing a major process to update its technology, with Rheinmetall playing a central role.
In December, the company was commissioned to equip 10,000 Bundeswehr vehicles with digital radios along with armaments group KNDS.
The company’s order backlog stood at €24.5 billion in late 2021, a figure that rose to €52 billion by autumn 2024.
Rheinmetall is due to present its annual figures for 2024 in mid-March.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.