Rheinmetall posts lower FY EBIT due to higher raw materials prices |
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Published
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Wed, 21 Mar 2007 10:43
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DUESSELDORF (AFX) - Rheinmetall AG said full-year sales rose 5 pct to 3.629 bln eur in 2006, although EBIT fell 4 pct to 215 mln eur on the back of higher raw materials prices.It forecast earnings in 2007 and 2008 would improve but it was not clear whether the company was referring to its performance at the operating or the net level.It said it will propose a 2006 dividend hike to 1.00 eur/shr from 0.90 eur/shr.Incoming orders in 2006 declined to 3.6 bln eur from 3.9 bln in the previous year, it added.patrizia.kokot@thomson.compk/mog/sljCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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