The German company Rymanital weapons announced the raising of its financial goals in the medium term due to the armament movement in many NATO countries (NATO).
On the occasion of a symposium on investment in the Austrian capital, Vienna, Rynmetal stated that it seeks to achieve returns of between 10 and 11 billion euros by 2025.
Renmate also seeks to raise the margin of operational profit that it relies heavily on its profitability, to nearly 13%.
The company listed on the MDAX index for the intermediate companies for the current year aims to achieve a rate of revenue by 15%, after its revenues last year reached 5. 66 billion euros with a margin of more than 11%.
Renmate announced during its February investor meeting last year before the outbreak of the Russian war on Ukraine this year, that it aims to achieve returns of approximately 8. 5 billion euros by 2025 by 10% or less.
However, the security situation has changed significantly in NATO countries since the outbreak of the war last February, and the German government decided to allocate a special army fund for 100 billion euros, and Renmate hopes to obtain a large share of this fund in exchange for orders for the army.
Renmate is making tank systems and other military vehicles and produces weapons and ammunition, as well as armed electronics.
The company’s share price has achieved a jump in Europe with the outbreak of the Russian war on Ukraine..
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