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Düsseldorf (dpa) - The armaments group and auto supplier Rheinmetall wants to significantly reduce its dependence on business with car manufacturers in the coming years and grow especially in armaments.
By 2025, the Düsseldorf-based company wants to increase its sales from 2020 to around 5.8 billion euros to around 8.5 billion euros, as the company announced on Friday.
The share of the armaments business is to be expanded from currently around 63 to around 70 percent.
The company had already announced the new goals at an investor event the day before.
In 2020, according to preliminary figures, Rheinmetall achieved sales of around 3.7 billion euros in its military business.
In the auto parts business, sales amounted to 2.15 billion euros, with an operating profit of more than 25 million euros.
Rheinmetall is now restructuring its previously two-tier structure and will in future be divided into five divisions.
Boss Armin Papperger had already put the traditional business with car pistons to the test.
Now, in the first half of the year, it will be assessed how things are going to continue with the IC engine-heavy area.
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