Armin Papperger, Chairman of the Executive Board of Rheinmetall AG, stands at the annual press conference at Group headquarters. Picture Alliance | Picture Alliance | Getty Images European defense giants fell sharply on Monday, extending recent losses as investors grapple with a broad and severe stock market downturn. U.S. President Donald Trump showed no signs…
European defense stocks soared on Monday after the region’s leaders vowed to take on “the heavy lifting” of defending Ukraine from Russia. The rally comes as the three-year-old war appears set to move into a new stage after an Oval Office blowup on Friday put President Volodymyr Zelensky of Ukraine on the outs with President…
Ukraine’s President Volodymyr Zelensky, Britain’s Prime Minister Keir Starmer and France’s President Emmanuel Macron hold a meeting during a summit at Lancaster House in central London on March 2, 2025. European leaders descended upon London for talks to “drive forward” action on Ukraine, according to the office of UK Prime Minister Keir Starmer. Justin Tallis…
New Orders: EUR20.9 billion, up 12.2% from the previous year. Order Backlog: Exceeds EUR44 billion. Revenue: EUR17.8 billion, an increase of over 11% from the previous year. EBITA: EUR1.52 billion, up 12.9% from EUR1.35 billion in 2023. Return on Sales: Increased by 0.1 percentage point to 8.6%. Free Operating Cash Flow: EUR826 million, up 26.7%…
Renault reports record operating profit and revenue beat French automaker Renault on Thursday posted its highest-ever annual operating profit while revenues came in well above expectations, as the company said its “unprecedented” flurry of product launches had boosted performance. Group revenue increased 7.4% year on year to 56.2 billion euros ($58.6 billion), ahead of the…