Rheinmetall AG (RHM:CA) Q1 2026 Earnings Call May 7, 2026 8:00 AM EDT
Company Participants
Armin Papperger - Chairman of the Executive Board & CEO
Klaus Neumann - CFO & Member of Executive Board
Conference Call Participants
Alessandro Pozzi - Mediobanca - Banca di credito finanziario S.p.A., Research Division
Sebastian Growe - BNP Paribas, Research Division
Samuel Burgess - Goldman Sachs Group, Inc., Research Division
Christoph Laskawi - Deutsche Bank AG, Research Division
Benjamin Heelan - BofA Securities, Research Division
David Perry - JPMorgan Chase & Co, Research Division
Adrien Rabier - Bernstein Institutional Services LLC, Research Division
Sven Weier - UBS Investment Bank, Research Division
George Mcwhirter - Joh. Berenberg, Gossler & Co. KG, Research Division
Marie-Ange Riggio - Morgan Stanley, Research Division
Afonso Osorio - Barclays Bank PLC, Research Division
Chloe Lemarie - Jefferies LLC, Research Division
Joseph Orchard - Rothschild & Co Redburn, Research Division
Presentation
Operator
Ladies and gentlemen, welcome to the Rheinmetall AG Q1 2026 Conference Call. I'm [ Iruna ], the Chorus Call operator. [Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Armin Papperger, CEO. Please go ahead, sir.
Armin Papperger
Chairman of the Executive Board & CEO
Thank you very much. Good afternoon, ladies and gentlemen, and welcome to our Q1 '26 earnings call. Klaus and I are guiding you through our presentation today. But before I begin, please be reminded on our disclaimer on Page #2.
Now let's go to Page #3. Here, you see the overview of the Q1 '26. On the sales side, we have a growth rate of about 8%. This growth is a little bit lower than expected because we have for about EUR 200 million of trucks ready. And you know that we always have the contract with our customers, especially in Germany, that the delivery dates are fixed from them. And we expect now
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