Rheinmetall: Share price has increased tenfold since the start of the war in Ukraine

Düsseldorf/Unterlüß. Germany's largest arms company, Rheinmetall, has seen its share price increase tenfold since the beginning of the Ukraine war. While a share in the arms manufacturer was still worth 96.8 euros on February 23, 2022, the stock was trading for 968 euros in Xetra trading on Wednesday afternoon. Rheinmetall produces tanks, military trucks, artillery, anti-aircraft guns and ammunition - in other words, armaments that are urgently needed in the Ukraine war.

The company supplies weapons to the country attacked by Russia, and it also benefits from the increased demand from NATO countries that feel threatened by Russia and are therefore investing more in defense. Infantry combat equipment with digital components is also part of the product portfolio of the Düsseldorf-based company, which has its largest factory in Unterlüß in Lower Saxony.

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The steep growth trajectory can be seen above all in the full order books: The "backlog", which includes not only the order backlog but also the expected calls from long-term framework agreements and potential in other businesses, stood at 24.5 billion euros at the end of 2021.

In autumn 2024, it was already almost 52 billion, and the trend is continuing to rise. In mid-March, Rheinmetall will present its annual figures for 2024. Companies such as Hensoldt and Renk, which also have a strong defense business, are also in demand on the stock exchange.

RND/dpa