OHB SE Reports Record Revenues for First Half of 2024

OHB SE has reported record total revenues of EUR 470.5 million for the first six months of 2024, a 3% increase from EUR 456.6 million in the same period last year. The company's order backlog remains high at EUR 1.7 billion.

Despite the revenue growth, the company's EBITDA decreased from EUR 44.1 million in the previous year to EUR 34.3 million, leading to a reduced EBITDA margin of 7.3%, down from 9.7% last year. EBIT also fell to EUR 15.8 million compared to EUR 26.0 million in the previous year, with the EBIT margin dropping to 3.4% from 5.7%.

The SPACE SYSTEMS segment saw the successful launch of two Galileo navigation satellites. Meanwhile, the AEROSPACE segment signed an Authorization to Proceed in the Ariane 6 program, and Rocket Factory Augsburg progressed with its microlauncher RFA ONE. An ongoing voluntary public takeover offer by Orchid Lux HoldCo S.à r.l. is expected to complete this summer, pending approval from Belgium.