ZURICH (dpa-AFX Broker) - The Swiss major bank UBS left its rating for Rheinmetall at "Neutral" with a price target of 233 euros. The market has recently already started to price in the scenario of Leopard tank deliveries to Ukraine, which is now occurring, analyst Sven Weier wrote in a study published on Wednesday. Calculating with 100 Leopard tanks delivered to Ukraine, the additional sales potential from ammunition and spare parts for Rheinmetall could amount to an estimated 1.4 billion euros. Assuming a margin of 25 percent, this would mean an operating profit (Ebit) of €350 million. These assumptions, however, are optimistic, especially since there are other manufacturers of ammunition for Leopard tanks./bek/ajx

Publication of the original study: 25.01.2023 / 08:11 / GMT

First disclosure of the original study: 25.01.2023 / 08:11 / GMT

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