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

Investor webinar replay

Replay transcript excerpt

Good afternoon, everybody, and thank you for joining us for the Q3 results call today. With me on the call is our CFO, Klaus Neumann. Klaus will walk you through the financials. Before we start, please be reminded of our legal disclaimer on page two. Now let's move on to page number three. On page number three, you see that on the sales side, and I focus very strong on the defense side, we have a growth rate of 17% on the defense, up to $2.3 billion. The total sales is $2.78 billion. The operating results on the defense side is 361, a plus of 7%. And it's 360 in total of plus 19. Operating margin is on the defense side 15.7%. And it's lower on the total sales operating margin is 12.9%. The people still want to come to Ramital. So we have more than 200,000 applications. Operational free cash flow is going down on the defense side, minus 286, total minus 168 million. And CapEx is growing because of all the new factories that we built up at the moment to 8.9%. And Rimetal nomination and the issue that we have a minus of 36% is, as you know, the election period that we had in Germany, so that we had delayed order intakes, but that's very normal because the government was not able to give these order intakes to us. But Rheinmetall backlog is still very healthy, with 63.8, that's nearly 64 billion, we have a plus of 23%. Let's have a look to slide number four, and here we have shown some innovations. We presented the innovations on the DSI in London, and we have shown, together with Lockheed Martin, the Jagam Tank Hunter on a new Fox mobile, but it can be implemented also on other Then we have a growing family of our Skyrangers, the Mission Master, which is Skyranger 762, and the next generation ship protection with the MAS Nova II. There are a lot of more innovations that...