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EQS-News: OHB SE / Key word(s): Quarter Results
OHB SE: 3-month interim report 2024
2024-05-08 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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 the period 4,767   7,074   -33 % 
Earnings per share                                        0.25    0.41    -39 % 

in EUR
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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2024-05-08 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

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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 2024-05-08 CET/CEST

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May 08, 2024 02:00 ET (06:00 GMT)