Automotive components and defense equipment maker Rheinmetall AG's (RNMBF.PK) full-year earnings before interest and taxes or EBIT slid to 301 million euros, from last year's 354 million euros. The EBIT margin for the year amounted to 6.4%.
After the income tax deduction of 49 million euros, Rheinmetall recorded a net profit of 190 million euros in 2012, versus 225 million euros a year back. Annual earnings per share after deducting the amounts attributable to minority interest income stood at 5.00 euros, down 10% from 5.55 euros in 2011.
The firm clocked net revenue of 4.7 billion euros in fiscal 2012, a 6% increase over the previous year.
In addition, the Management Board and Supervisory Board maintained its shareholder-friendly dividend policy and the Annual Meeting on 14 Before May 2013, an unchanged dividend of 1.80 euros per share. The dividend payout ratio would once again exceed 30%.
Looking ahead to 2013, the Group is expecting sales of between 4.8 billion euros and 4.9 billion euros. For fiscal 2014, Rheinmetall expects a further growth in both divisions and expects a clear improvement.
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