Have European arms companies increased their profits due to wars?

The world's top 100 arms-producing companies recorded profits of almost 600 billion last year, amid wars in Gaza and Ukraine and a generally tense geopolitical situation.

Have European arms companies increased their profits due to wars?
https://anessoft.com/blog/ar/macron-evoque-une-possible-reprise-du-dialogue-avec-vladimir-poutine
The world's top 100 arms-producing companies recorded profits of almost 600 billion last year, amid wars in Gaza and Ukraine and a generally tense geopolitical situation.

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