Rheinmetall Ag Unsp/Adr (RNMBY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Rheinmetall AG fiscal year 2024 report call followed by a Q&A session. We apologize for the technical issues. May I now hand over to the speakers? Thank you very much. Good afternoon, ladies and gentlemen. Twenty minutes later as planned, but welcome to our fiscal year 2024 conference call. I appreciate your time and that you join us today. Looking back last year, and it was a really remarkable year for Rametal. Before we dive into the details, I'd like to take a moment to welcome my new colleague, Klaus Neumann. Klaus Neumann is our new CFO. Klaus brings very deep expertise and a strong track record, and I'm very, very happy to have him in the team. And I'm confident that he will be a tremendous asset to Rheinmetall as we continue our growth journey. With that, now let's start. But before we move into page three, please be advised of our legal disclaimer on page number two. Now let's go to page number three. And you have here the group highlights. On the sales side, it's around $9.8 billion. We have another 250 million Euro ready products, but we had a delay on the ships on the delivery, so it was impossible to take it into the turnover. So with that, it would be a 100% fit of the expected 10 billion, but we are around 10 billion. Operating result is nearly 1.5 billion with 1.478, a plus of 61%. so that our operating margin is 15.2%. It's very important also on the sales side that we are very flat on the civilian business, so that we have a growth rate of more than 50% on the defense business, zero growth, or it's exactly minus 2% on the civilian business. So on the operating margin, we are on the level of 19% in defense, which is the most important figure also for us. Applications, we at the moment have, I don't speak about full-time equivalents, but...