European defence stocks hit by Rheinmetall's Q2 miss

RENK AG

07/08/2025 08:55

Updates throughout

** Shares in Rheinmetall RHMG.DE fall around 4% after the German defence company posted its quarterly results below expectations, dragging down European peers

** The STOXX aerospace and defence index .SXPARO is down around 1%, but still hovering near record highs after a 56% rise this year

** "I think Rheinmetall has been one of the larger companies in the industry and sort of a guide point for the rest of the defence companies as well," Tom Guinchard from Pareto Securities says

** Germany's Hensoldt HAGG.DE and Renk R3NK.DE slide 1.8% and 2.3%, respectively

** France's Thales TCFP.PA, Sweden's SAAB SAABb.ST, Britain's BAE Systems BAES.L are down between 0.8% and 1.5%, Italy's Leonardo slides 2.2%

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))