UPDATE 1-Rheinmetall expects profits to rise from 2007


(Adds details, background, shares) FRANKFURT, March 22 (Reuters) - German car parts and defence group Rheinmetall expects stable profits this year, the company said on Wednesday, adding an increase was to be expected in 2007. "I'm convinced that over the years ahead we will continue along the path of profitable growth," Chief Executive Klaus Eberhardt said in a statement. In November Rheinmetall raised its mid-term targets for its margin for earnings before interest and tax (EBIT) to 9 ...

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