OHB SE
ISIN: DE0005936124
WKN: 593612
12 November 2024 08:00AM

EQS-News: OHB SE: 9-month interim report 2024

OHB SE · ISIN: DE0005936124 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2027215

EQS-News: OHB SE / Key word(s): 9 Month figures
OHB SE: 9-month interim report 2024

12.11.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


OHB SE: 9-month interim report 2024
  • Adjusted EBITDA of EUR 72.5 million, up 13 % on the previous year
  • Order backlog grows by 22 % year-on-year to EUR 2,120 million.
  • Voluntary public takeover offer by Orchid Lux HoldCo S.à r.l. successfully completed
The OHB Group (ISIN: DE0005936124, Prime Standard) generated total revenues of EUR 715.8 million in the first nine months, down 3 % on the previous year (EUR 737.0 million). The operating result (EBITDA) decreased from EUR 64.1 million in the previous year to EUR 62.4 million. The operating EBITDA margin thus reached 8.7 % in the reporting period, unchanged from the same period of the previous year. EBIT deteriorated to EUR 34.7 million in the first nine months of the current fiscal year, compared to EUR 36.9 million in the previous year. The corresponding EBIT margin decreased accordingly to 4.8 %, compared to 5.0 % in the same period of the previous year.

The Group's firm order backlog stood at EUR 2,120 million after nine months of fiscal year 2024, up from EUR 1,742 million in the previous year. Of this amount, EUR 1,783 million is attributable to the SPACE SYSTEMS segment, EUR 203 million to the AEROSPACE segment and EUR 134 million to the DIGITAL segment. As of September 30, 2024, the OHB Group's total assets stood at EUR 1,477.9 million, up around 10 % from December 31, 2023 (EUR 1,340.1 million). The increase in equity from EUR 438.0 million to EUR 443.6 million resulted in an equity ratio of 30.0 % as of September 30, 2024, down from 32.7 % at year-end on December 31, 2023.

In the past quarter, two major order intakes were recorded in the SPACE SYSTEMS segment with the orders for the tenth “Earth Explorer” mission Harmony and the space safety mission Ramses. In addition, all three remaining launches scheduled for 2024 were successfully carried out. In the AEROSPACE segment, MT Aerospace AG, as one of the largest suppliers for the new European launcher Ariane 6, expects a continuous ramp-up in production volume in the coming years following the successful first launch. The company was also able to further advance its strategic growth in the defense sector by entering into two new contracts. By signing a partnership agreement with Frauscher Sensortechnik GmbH, OHB Teledata GmbH was able to achieve progress in one of the core areas of the strategy for the DIGITAL segment: The internationalization of its rail business beyond Germany.

In the past quarter, the voluntary public takeover offer made by Orchid Lux HoldCo S.à r.l., a holding company controlled by investment funds, vehicles and / or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co L.P. (“KKR”), was successfully completed after all offer conditions had been met. Following the closing, KKR now holds approximately 28.6 % of the company's shares. OHB continues to plan its delisting from the stock market to facilitate the implementation of its long-term growth strategy as a privately held company.

At this point in time, the Management Board assumes that the financial position and net assets will continue to develop well.


Key performance indicators at a glance
in EUR 000 Q3 2024 Q3 2023 9M 2024 9M 2023 +/- 9M
Revenues 233,106 274,812 691,415 718,558 -4 %
Total revenues 245,343 280,397 715,811 737,016 -3 %
EBITDA 28,071 19,989 62,365 64,103 -3 %
Adjusted EBITDA 31,772 19,989 72,509 64,103 +13 %
EBIT 18,863 10,924 34,693 36,885 -6 %
Share of OHB SE shareholders in net profit for the period 12,008 5,305 17,367 18,999 -9 %
Earnings per share
in EUR
0.63 0.30 0.91 1.09 -17 %
Cash and cash equivalents 23,409 25,270 23,409 25,270 -7 %



Contact:
Media representatives:
Marianne Radel
Corporate Communications
Phone: +49 421 2020 9159
Email: marianne.radel@ohb.de


Investors and analysts:
Marcel Dietz
Investor Relations
Phone: +49 421 2020 6426
Email: ir@ohb.de


12.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: OHB SE
Manfred-Fuchs-Platz 2-4
28359 Bremen
Germany
Phone: +49 421 2020 8
E-mail: info@ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 2027215

 
End of News EQS News Service

2027215  12.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 976,55 1.004,62 880,32 905,00 944,52 1.047,80 1.250,00
EBITDA1,2 65,01 78,33 77,02 83,62 99,28 162,12 110,00
EBITDA-Margin3 6,66 7,80 8,75 9,24 10,51 15,47 8,80
EBIT1,4 47,75 49,11 41,63 47,02 63,20 125,02 82,00
EBIT-Margin5 4,89 4,89 4,73 5,20 6,69 11,93 6,56
Net Profit (Loss)1 28,39 25,63 19,74 27,75 32,23 85,88 43,00
Net-Margin6 2,91 2,55 2,24 3,07 3,41 8,20 3,44
Cashflow1,7 60,18 22,88 44,12 -17,35 9,12 -61,80 0,00
Earnings per share8 1,44 1,47 1,20 1,58 1,86 4,10 2,23
Dividend per share8 0,43 0,00 0,43 0,48 0,60 0,60 0,60
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
OHB
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
593612 DE0005936124 SE 910,79 Mio € 13.03.2001 Halten 9F5C4V24+7G
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
17,69 22,00 0,80 26,77 2,29 -14,74 0,87
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,60 0,60 0,60 1,27%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
27.05.2025 08.05.2025 07.08.2025 12.11.2024 20.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+0,21%
47,40 €
ATH 49,85 €
+3,29% +6,75% +11,79% +13,26% +351,43%

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