Rheinmetall Cuts Revenue Growth Outlook to 6% from 7-9% as Q3 Sales Lag

• (PLX AI) - Rheinmetall Outlook FY revenue growth 6%, down from 7-9% previously.
• • Q3 sales EUR 1.258 billion vs. estimate EUR 1.3 billion
• • Says sluggish trend in sales growth compared to the third quarter of 2020 is due essentially to the limited availability of raw materials and semiconductors, which led to reduced call-offs from important customers
• • Q3 EBIT EUR 106 million vs. estimate EUR 103 million
• • Outlook FY EBIT margin 10%, up from 9-10% previously