Rheinmetall Ag Unsp/Adr (RNMBY) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.438 Good afternoon, everybody, and thank you for joining us for the Q3 results 00:00:05.438 -- 00:00:10.645 call today. With me on the call is our CFO, Klaus 00:00:10.645 -- 00:00:15.552 Neumann. Klaus will walk you through the financials. 00:00:15.552 -- 00:00:21.099 Before we start, please be reminded of our legal disclaimer on page 00:00:21.099 -- 00:00:26.677 two. Now let's move on to page number three. 00:00:26.677 -- 00:00:31.702 On page number three, you see that on the sales side, and I focus very 00:00:31.702 -- 00:00:37.367 strong on the defense side, we have a growth rate of 17% on 00:00:37.367 -- 00:00:42.993 the defense, up to $2.3 billion. The total sales 00:00:42.993 -- 00:00:45.193 is $2.78 00:00:45.495 -- 00:00:50.520 billion. The operating results on the defense side is 00:00:50.520 -- 00:00:54.233 361, a plus of 7%. 00:00:54.233 -- 00:00:57.117 And it's 360 in total 00:00:57.117 -- 00:01:01.283 of plus 19. Operating margin 00:01:01.283 -- 00:01:05.727 is on the defense side 15.7%. And 00:01:07.212 -- 00:01:09.836 it's lower on the total 00:01:09.836 -- 00:01:14.900 sales operating margin is 12.9%. The 00:01:16.025 -- 00:01:21.713 people still want to come to Ramital. So we have more than 200,000 00:01:21.713 -- 00:01:23.713 applications. 00:01:24.794 -- 00:01:30.142 Operational free cash flow is going down on 00:01:30.142 -- 00:01:35.226 the defense side, minus 286, total minus 168 00:01:36.110 -- 00:01:41.157 million. And CapEx is growing because of all the new factories that we built up 00:01:41.157 -- 00:01:44.499 at the moment to 8.9%. 00:01:45.884 -- 00:01:50.891 And Rimetal nomination and the issue that we have a minus of 00:01:50.891 -- 00:01:56.037 36% is, as you know, the election period that we had in Germa...