Rheinmetall Sales Growth Slows on Delays in German Defense Procurement

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Rheinmetall’s RHM 1.05%increase; green up pointing triangle sales growth slowed in the third quarter, dragged by delays in the German government’s procurement decisions.

The German arms maker said that for the three months through Sept. 30, sales rose 13% to 2.78 billion euros ($3.19 billion), missing a company-provided consensus estimate of 2.815 billion euros.

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