Rheinmetall Ag Unsp/Adr (RNMBY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Rheinmetall AGQ1-2026 conference call. I'm Iruna, the course call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Armin Papager, CEO. Please go ahead, sir. Thank you very much. Good afternoon, ladies and gentlemen, and welcome to our Q1 26 earnings call. Klaus and I are guiding you through our presentation today. But before I begin, please remind on our disclaimer on page number two. Now let's go to page number three. Here you see the overview of the Q126. On the sales side, we have a growth rate of about 8%. This growth is a little bit lower than expected because we have for about 200 million Euro trucks ready. And you know that we always have the contract with our customers, especially in Germany, that the delivery dates are fixed from them. And we expect now that we are delivering this 200 million euro in Q2. Another delivery in Q2 is going out because we started with the powder production in quarter one, but we were not able to deliver to the customer because of the lot acceptance test, et cetera, et cetera. This is another 100 million euro which is going to Q2. That is the reason. that quarter two will be in growth rate much better than quarter one, and we expect, in comparison to last year in quarter two, a growth rate of more than 50 percent. The operating result, which is a plus 17 percent, is very positive. Even if the growth rate is on 8 percent level...