German defense industry company Rheinmetall AG: The company is experiencing unprecedented growth.

Europe's largest ammunition manufacturer, Rheinmetall, reconfirmed on Thursday that its profits may exceed the performance guidance for 2025 due to increasing demand from Germany, Ukraine, and other European countries. In recent months, defense stocks across Europe have been rising as countries increase military spending to address pressure from the United States and conflicts like the Russia-Ukraine conflict. Rheinmetall CEO Armin Papperger stated in the first quarter financial report released on Thursday, "The group is experiencing unprecedented growth, getting closer to the goal of becoming a global defense champion." He added that customers are buying all products from the factory. Rheinmetall's stock price rose by 1.6%, accumulating a 170% increase since the beginning of the year. The group's market value is 75 billion euros, surpassing that of German car manufacturer Volkswagen. The manufacturer of bombs, hand grenades, main battle tanks, and infantry fighting vehicles confirmed that its sales growth expectations for 2025 are at least 25%-30%, with an operating profit margin of around 15.5%, higher than last year's 15.2%.