Rheinmetall Ag Unsp/Adr (RNMBY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to Rheinmetall AG Q2 2026 Conference Call. I am Sandra, the Chorus Call Operator. I would like to remind you that all participants have been listened only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star N1 on your telephone. For operator assistance, please press star N0. The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Armin Papperger, CEO. Please go ahead, sir. Thank you very much. Good afternoon, ladies and gentlemen. Thank you for your interest in the quarterly call with Reimetall. My colleague Klaus Neumann and myself will put you through now the presentation. Please take care about the disclaimer that we have on page number two. Let's go to slide number three. On this slide, you see that in quarter two, the sales of Rheinmetall is going up to 3.289 billion. This is a plus of nearly 70%. So in the first half year, the growth is around 40%, which is exactly in line to that what we guided. The operational result with plus 115% to 562 million is also in line with us and for what we see very positive. Operating margin with 70.1% is on a very good level and we are very happy that the applications with more than 160,000 is still very high. So, as you know, we at the moment hire about 10,000 people per year, so we can pick up a lot of good people out of these 160,000 applications. What is the reason that the operational free cash flow with minus 1.331 billion is in that figure? So we have in between, in quarter two, supplies of about 6.2 billion euros. and we need this goods in our stocks otherwise it's impossible to grow and we wait and this is only to compensate if we g...