Sunday, May 6, 2007

UPDATE 1-Rheinmetall EBIT jumps in Q1, gives new outlook

(Reuters) - Thanks to a significant improvement in its defence business, earnings before interest and taxes rose to 44 million euros, beating the average estimate of 41 million euros from a Reuters poll of 13 analysts.

"Based on sustained solid operating performance by its two sectors, Automotive and Defence, Rheinmetall expects to close fiscal 2007 with broadly improved earnings," it said in a statement.


Read more at Reuters.com Market News

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