Rheinmetall Ag Unsp/Adr (RNMBY) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.498 Ladies and gentlemen, welcome to the Rheinmetall AG full year 2025 00:00:05.498 -- 00:00:08.742 conference call. I'm Moritz, your chorus call operator. 00:00:08.742 -- 00:00:12.247 I would like to remind you that all participants will be in a listen-only mode and the 00:00:12.247 -- 00:00:16.312 conference is being recorded. The presentation will be followed by a question and answer 00:00:16.312 -- 00:00:21.159 session. You can register for questions at any time by pressing star and one on your 00:00:21.159 -- 00:00:25.124 telephone. For operator assistance, please press star and zero. 00:00:25.124 -- 00:00:28.668 The conference must not be recorded for publication or broadcast. 00:00:28.668 -- 00:00:32.993 At this time, it's my pleasure to hand over to Armin Papeka, CEO. 00:00:32.993 -- 00:00:35.036 Please go ahead, sir. 00:00:35.036 -- 00:00:39.318 Thank you very much. Good afternoon. I 00:00:39.841 -- 00:00:44.867 start with page number three, and I welcome you to 00:00:44.867 -- 00:00:47.210 the full year 00:00:47.210 -- 00:00:50.855 call of the Rheinmetall Group. 00:00:50.855 -- 00:00:56.123 The year 2025 was a good year for Rheinmetall, 00:00:56.123 -- 00:01:01.210 We had smaller impacts from the ammunition side because of the accident that we 00:01:01.210 -- 00:01:03.634 had in Murcia. 00:01:03.634 -- 00:01:09.302 But I think with nearly 10 billion cells, it's 00:01:09.302 -- 00:01:15.428 a good year. The operating result is growing 33% to 1.841 00:01:17.233 -- 00:01:20.017 billion, and the operating 00:01:20.017 -- 00:01:23.731 margin is growing up to 18.5%. 00:01:23.731 -- 00:01:29.355 Important is to understand that we no longer have our civilian business 00:01:29.959 -- 00:01:36.166 In include that figures so about 2 bil...