OHB SE Releases 3-Month Interim Report for 2024

OHB SE reported a modest revenue increase in their 2024 three-month interim report, with total revenues rising to EUR 206.7 million, a 2% increase over the previous year. However, the company witnessed a decline in several key performance metrics. EBITDA dropped by 10% to EUR 19.3 million and EBIT by 18% to EUR 10.2 million. This resulted in shrinking margins, with EBITDA margin reducing to 9.4% and EBIT margin to 4.9%.

Despite the decline in profitability, OHB SE showed a solid equity ratio improvement to 35%, a 7% increase from the previous year. The company’s total assets decreased by approximately 6% from the previous fiscal year-end, totaling EUR 1,265.7 million. The firm order backlog slightly decreased to EUR 1,725 million, primarily driven by contributions from the SPACE SYSTEMS segment.

OHB’s SPACE SYSTEMS and AEROSPACE segments have been instrumental in enhancing the company’s technological capabilities, particularly in earth observation and launch vehicle efficiency. The impending first flight of Rocket Factory Augsburg’s RFA ONE launcher marks a significant milestone.

Moving forward, OHB SE expects a consolidated total revenue between EUR 1,300 million and EUR 1,400 million for 2024, with projected EBITDA and EBIT margins exceeding 8.5% and 6.0% respectively. Overall financial and asset development remains strongly positive according to the management’s outlook.