May 8, 2020 / 6:01 AM / 18 days ago

Rheinmetall sees virus hitting sales, profits but confirms defence outlook

FILE PHOTO: The logo of Germany's Rheinmetall AG is seen after the Company's 2019 annual report in Duesseldorf, Germany, March 18, 2020 REUTERS/Thilo Schmuelgen

BERLIN (Reuters) - Rheinmetall (RHMG.DE) said on Friday it expected significantly lower sales and profits this year due to the coronavirus pandemic but the German military equipment and auto parts group upheld its outlook for its defence division.

"Rheinmetall does not currently expect the COVID-19 crisis to have any lasting impact on the Defence sector's business performance in the current year," the Duesseldorf-based maker of armoured fighting vehicles said in a statement

Reporting by Thomas Seythal; Editing by Michelle Martin

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