Mar.
21, 2012 - 03:46PM |
By AGENCE
FRANCE-PRESSE
FRANKFURT
— Rheinmetall, a specialist maker of automotive components and defense
equipment, expressed confidence for its business outlook this year after
achieved its best-ever results last year.
“Following
an excellent fiscal year in 2011, we have once again set ourselves ambitious
targets this year,” said chief executive Klaus Eberhardt.
“We are
aiming for sales of 4.9 billion euros ($6.5 billion) in 2012 and want to
maintain our result at the record level reached in 2011,” he said.
Rheinmetall’s
net profit rose by 29 percent to 225 million euros ($298 million) in 2011.
Underlying profit, as measured by earnings before interest and tax (EBIT),
jumped by 19 percent to 354 million euros ($469 million) on a 12-percent
increase in sales to 4.454 billion euros.
In its
automotive division, sales this year were expected to expand by around 5.0
percent, depending on how the global car industry fared.
But with lower
defense expenditure in some European countries and the United States in 2012,
sales in the defense division would likely decline slightly.
Rheinmetall
said it projected growth in sales and earnings in 2013.
But this was dependent
on “the continued positive development of the global automotive industry and
the implementation of large projects in the defense sector as planned,” it said
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