Aug 10, 2023 / 12:00PM GMT
Armin Theodor Papperger - Rheinmetall AG - Chairman of the Executive Board & CEO
Good afternoon, everyone, and welcome to Rheinmetall's Q2 2023 Conference Call. I will start with the market update. Dagmar will provide the details on the quarterly financials, and then I will conclude with an outlook for the remainder of the year. As usual, please be reminded of our legal disclaimer on the following page.
Let's go to Page 3. We have a very solid Q2 on the financial side. Sales rose with 6%, but the more important information is the defense growth was 12%. So the driver of our business will be the defense business. Operating results improved in -- to EUR 118 million, and the margin softened to 7.9%. The reason for that is some issues, for example, the IT incident that we had, but other issues in detail. Dagmar will give you that information on the financial part.
Operational free cash flow lowered to minus EUR 219 million, which is much better than Q2 yesterday, also more details on the financial side. A very important information is we have a very heavy back-end loaded year this year.
Q2 2023 Rheinmetall AG Earnings Call Transcript
Aug 10, 2023
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