NEW YORK (dpa-AFX) - The analysis firm Jefferies has lowered its price target for Rheinmetall from 2,170 to 2,060 euros while maintaining its "Buy" rating. Analyst Chloe Lemarie noted in a study released Wednesday that the defense company has provided initial indications for the 2025 fiscal year and sales figures for 2026. The sales forecast is significantly below consensus expectations, and statements regarding margins also point to an operating result well below consensus, she wrote. Lemarie therefore anticipates a negative share price reaction on Thursday./ck/rob/he
Original study publication: 02/04/2026 / 15:42 / Time zone not specified in the study. Initial distribution of the original study: 02/04/2026 / 15:42 / Time zone not specified in the study.
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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