HAMBURG (dpa-AFX Broker) - Private bank Berenberg has reduced its price target for Rheinmetall from 2,200 to 2,100 euros, but maintained its "Buy" rating. The financial outlook for 2026 is weak, wrote George McWhirter on Thursday following the latest signals from the Düsseldorf-based company to the capital markets ahead of the earnings release. However, the order situation remains strong and is still gaining momentum./rob/ag/bek
Publication of the original report: 05.02.2026 / 06:45 / GMT
Initial dissemination of the original report: Date in report not specified / Time in report not specified / Time zone in report not specified
Rheinmetall AG specializes in the design, manufacture and marketing of equipment, components and solutions for the military and civilian industries. Net sales break down by family of products as follows:
- vehicle systems (38.7%): multi-purpose wheeled and tracked vehicles (tactical military vehicles, support vehicles, logistics vehicles and special vehicles);
- weapon and ammunition systems (26%): automatic cannons for land, air and sea vehicles, smooth-bore weapons, artillery systems, smart projectiles, high-energy lasers, etc.;
- sensors, actuators and power systems (20.8%): actuators, exhaust gas recirculation systems, throttle valves, exhaust gas dampers for electric motors, solenoid valves, pumps, etc. used in thermal and fluid management applications in the mobility and industrial sectors;
- electronic solutions (13.5%): sensors and networking systems, cyberspace protection solutions, air defense systems, radar systems, technical documentation solutions, integrated electronic systems, drones and automated ground robots, training and simulation solutions;
- other (1%).
Net sales are distributed geographically as follows: Germany (30.4%), Europe (46.6%), Asia and Middle East (9.6%), Americas (7.6%) and other (5.8%).
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ESG MSCI
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