Rheinmetall is trading at €1,447.60 (+4.3%) as a record backlog fuels investor optimism, outweighing a preliminary Q1 revenue miss.
- The German defense contractor reported Q1 revenue of €1.938 billion, up 7.7% year-over-year but below the €2.3 billion market consensus.
- Operating profit rose €33 million to €224 million, signaling strong profitability despite near-term delivery delays.
- Investor confidence is bolstered by a record order book that points toward significant long-term growth prospects.