BERLIN, Nov 7 (Reuters) - German defence and automotive parts supplier Rheinmetall lowered its 2019 sales guidance on Thursday, citing the downturn in global car production.
The Duesseldorf-based company now expects sales to grow organically and before currency effects by slightly more than 1% after previously forecasting 4%.
For its auto sector, Rheinmetall expects a sales decrease by around 7%, having previously anticipated decline of between 2% and 3%, it said.
Reporting by Thomas Seythal; Editing by Tom Sims
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