OHB SE Reports Financial Results for 2024

OHB SE announced its consolidated financial results for 2024, detailing a total revenue of EUR 1,030 million. The adjusted EBITDA improved to EUR 111 million, a significant rise of 28% from the previous year. However, the operating result (EBITDA) fell sharply to EUR 53.2 million from EUR 162.1 million in 2023, reflecting a reduced operating EBITDA margin of 5.2%.

The EBIT decreased to EUR 14.1 million, resulting in a diminished EBIT margin of 1.4%. The company cited project-related risk provisions and transformation expenses as contributing factors. Despite financial challenges, OHB continues to promise a dividend of EUR 0.60 per share.

In its SPACE SYSTEMS segment, OHB achieved milestones like the Hera mission launch and secured contracts for future space endeavors. The DIGITAL segment reported its highest-ever order intake at EUR 170 million. The firm's order backlog remains strong at EUR 2,382 million, ensuring future stability.