“We are ready for acquisitions”

Berlin The head of the armaments group Rheinmetall, Armin Papperger, expects a significant boost in sales with the increased demand for armaments as a result of the Russian attack on Ukraine. “A growth rate of 20 percent should be possible over the coming years,” said Papperger in an interview with the Handelsblatt. Sales of defense products should increase to over ten billion euros. This would be more than a doubling.

The manager is preparing for an industry consolidation. “We are ready for acquisitions,” he said. In the past year, his company has already taken over four companies. “The significant increase in our share price makes it even easier for us.” Rheinmetall’s share price has almost doubled since the beginning of the war in Ukraine. On Friday, the company could possibly be promoted to the leading index Dax.