OHB SE: 3-month interim report 2024

EQS-News: OHB SE / Key word(s): Quarter Results
OHB SE: 3-month interim report 2024

08.05.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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OHB SE: 3-month interim report 2024

* Total revenues of EUR 207 million mark all-time high

  * Equity ratio increased to 35 % (+7 % compared to the same period of the
    previous year)

Bremen, May 8, 2024. The OHB Group (ISIN: DE0005936124, Prime Standard)
generated total revenues of EUR 206.7 million in the first three months, up
2 % on the previous year (EUR 202.4 million). The operating result (EBITDA)
decreased from EUR 21.5 million in the previous year to EUR 19.3 million.
The operating EBITDA margin thus declined to 9.4 % in the reporting period,
compared to 10.6 % in the same period of the previous year. EBIT
deteriorated to EUR 10.2 million in the first three months of the current
fiscal year, compared to EUR 12.5 million in the previous year. The
corresponding EBIT margin decreased accordingly to 4.9 %, compared to 6.2 %
in the same period of the previous year.

The Group's firm order backlog stood at EUR 1,725 million after three months
of fiscal year 2024, down from EUR 1,764 million in the previous year. Of
this amount, EUR 1,429 million is attributable to the SPACE SYSTEMS segment,
EUR 162 million to the AEROSPACE segment and EUR 133 million to the DIGITAL
segment. As of March 31, 2024, the OHB Group's total assets stood at EUR
1,265.7 million, down around 6 % from December 31, 2023 (EUR 1,340.1
million). The increase in equity from EUR 438.0 million to EUR 442.6 million
resulted in an equity ratio of 35.0 % as of March 31, 2024, up from 32.7 %
at year-end on December 31, 2023.

The voluntary public takeover offer by Orchid Lux HoldCo S.à r.l. is
progressing according to plan. At present, approvals for foreign direct
investments in two of a total of ten countries are still pending.

In the past quarter, the Group companies in the SPACE SYSTEMS segment
strengthened OHB's own strong position in the field of Earth observation by
being awarded orders for twelve further satellites for the IRIDE
constellation and a contract for the preparation of the next generation of
Sentinel-2 satellites for the European Copernicus constellation. As the main
partner for the LEO-PNT demonstration mission, OHB is using its own
expertise from the Galileo navigation program to lay the foundations for new
fields of application such as autonomous driving. In addition, several Group
companies in both the SPACE SYSTEMS and AEROSPACE segments are involved in
various developments aimed at enhancing the efficiency of launch vehicles.
Furthermore, Rocket Factory Augsburg successfully completed the test
campaign for the upper stage of its own launcher RFA ONE in the past quarter
and is currently working towards the first flight this coming summer. In the
DIGITAL segment, OHB was able to expand its business with applications based
on Earth observation data as the project coordinator for Baltic GTIF.

The Management Board expects consolidated total revenues of between EUR
1,300 million and EUR 1,400 million in 2024. Adjusted for special effects in
both cases, the EBITDA margin and the EBIT margin should reach > 8.5 % and >
6.0 % respectively. 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                                      3M 2024  3M 2023  +/-
                                                                    3M
  Revenues                                        203,126  197,170  +3 %
  Total revenues                                  206,725  202,350  +2 %
  EBITDA                                          19,342   21,542   -10 %
  EBIT                                            10,230   12,542   -18 %
  Share of OHB SE shareholders in net profit for  4,767    7,074    -33 %
  the period
  Earnings per share in EUR                       0.25     0.41     -39 %
  Cash and cash equivalents                       23,749   40,837   -42 %

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


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   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:    1897873

End of News EQS News Service
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1897873 08.05.2024 CET/CEST