“We will see significant incoming orders in the second quarter and of course also in the second half of the year,” said HENSOLDT boss Thomas Müller on Thursday in Frankfurt with a view to the special assets of armed forces. The manufacturer of radar and sensors for aircraft, ships and tanks is also confident about the future. While revenues last year were around 1.7 billion euros, HENSOLDT will double its sales in the next few years, said Müller. “We will thus reach a size that represents a strength in a possible – probably even necessary – European consolidation, which we then also want to implement,” he confirmed earlier statements that the company wanted to play an active role in takeovers.
With a view to the orders from the Bundeswehr, delivery will be quick, emphasized Müller. “The industry has made advance payments. We have already invested beforehand to meet the demand.” For example, in the past you could have delivered four or five radars per year, in 2023 the number will be ten and next year 15. “One radar every month, something like that didn’t exist before.” The head of the company based in Taufkirchen near Munich expects growth not only in Germany. “The American protective shield will not be in the same form as it is now.” This will primarily affect European armaments spending.
The company, which emerged from an Airbus division, moved up to the MDAX small-cap index at the beginning of March. Major shareholders from the public and private sector are involved in HENSOLDT: the federal government holds 25 percent of the shares, as does the partially state-owned Italian armaments company Leonardo.
The HENSOLDT share temporarily rose by 4.35 percent to EUR 35.06 via XETRA.
Frankfurt (Reuters)
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Image sources: HENSOLDT