Finance

Rheinmetall seeks sales of up to 50 billion eur by 2030, CEO tells German TV

Published by Global Banking & Finance Review

Posted on July 1, 2025

1 min read

· Last updated: January 23, 2026

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Rheinmetall seeks sales of up to 50 billion eur by 2030, CEO tells German TV
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BERLIN (Reuters) -Rheinmetall is seeking to reach sales of between 40 and 50 billion euros ($59 billion) by 2030, CEO Armin Papperger told broadcasters RTL and NTV in an interview published on Tuesday

Rheinmetall seeks sales of up to 50 billion eur by 2030, CEO tells German TV

BERLIN (Reuters) -Rheinmetall is seeking to reach sales of between 40 and 50 billion euros ($59 billion) by 2030, CEO Armin Papperger told broadcasters RTL and NTV in an interview published on Tuesday.

"I would like this company to have a turnover of between 40 and 50 billion and a profit of just under 10 billion," Papperger said, adding that he saw the company growing from 40,000 to 70,000 employees within the next 2-3 years.

($1 = 0.8469 euros)

(Writing by Friederike Heine; editing by Matthias Williams)

Key Takeaways

  • Rheinmetall aims for €40-50 billion in sales by 2030.
  • CEO Armin Papperger outlines ambitious growth plans.
  • Company workforce expected to grow to 70,000 employees.
  • Financial goals include a profit of nearly €10 billion.
  • Rheinmetall's strategic expansion highlighted in interview.

Frequently Asked Questions

What sales target has Rheinmetall set for 2030?
Rheinmetall is aiming for sales between 40 and 50 billion euros by 2030.
What profit does CEO Armin Papperger expect for Rheinmetall?
Papperger expects the company to achieve a profit of just under 10 billion euros.
How many employees does Rheinmetall plan to have by 2030?
The company plans to grow its workforce from 40,000 to 70,000 employees.

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