DGAP-News: OHB SE / Key word(s): Quarter Results OHB SE: Total revenues increased from EUR 153 million to EUR 157 million after the first three months; EBITDA and EBIT held steady at EUR 10.7 million resp. EUR 7.8 million; full-year guidance for 2016 reaffirmed 12.05.2016 / 08:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Bremen, May 12, 2016. The OHB Group's total revenues (Prime Standard, ISIN: DE0005936124) came to EUR 157.4 million, increasing slightly over the same period of the previous year by just under 3% (previous year: EUR 153.2 million). With only slightly increased cost of materials at EUR 92.4 million (previous year: EUR 91.2 million), operating earnings (EBITDA) held steady at EUR 10.7 million (previous year: EUR 10.8 million). At 6.8%, the operating EBITDA margin remained stable in the first three months of 2016, compared with 7.0% in the comparable prior-year period. With depreciation and amortisation expense dropping slightly to EUR 2.8 million (previous year: EUR 3.0 million), EBIT came to EUR 7.8 million and was thus unchanged over the previous year. Consequently, the EBIT margin contracted slightly from 5.1% in the previous year to 5.0%. The EBIT margin on the Group's own higher manufacturing input came to 8.3%, down from 8.8% in the previous year. Profit from ordinary business activities at the end of the first three months of 2016 came to EUR 7.1 million and was thus also more or less unchanged (previous year: EUR 7.2 million). After lower income tax of EUR 2.2 million in the first three months of 2016 (previous year: EUR 2.6 million), the OHB Group recorded slightly higher consolidated net profit for the period of EUR 4.8 million (previous year: EUR 4.7 million). At EUR 118.6 million, non-consolidated total revenues in the Space Systems business unit was virtually unchanged over the first three months of the previous year (EUR 118.3 million). With the cost of materials and services purchased dropping to EUR 73.9 million (previous year: EUR 75.7 million), operating earnings (EBITDA) rose to EUR 8.0 million, up from EUR 7.5 million in the previous year. Segment EBIT climbed by EUR 0.5 million or just under 9% to EUR 6.2 million (previous year: EUR 5.7 million). The EBIT margin relative to non-consolidated total revenues also widened to 5.2%, up from 4.8% in the previous year. The EBIT margin relative to the segment's own manufacturing input came to 10.5%, up from 10.1% in the same period of the previous year despite the increase of just under 5% in own manufacturing input. In the first three months of 2016, non-consolidated total revenues in the Aerospace + Industrial Products business unit climbed by 9% over the year- ago period to EUR 39.4 million (previous year: EUR 36.1 million). The cost of materials and services purchased rose by around 15% from EUR 16.4 million in the year-ago period to EUR 18.8 million in the period under review. As a result, operating earnings (EBITDA) dropped to EUR 2.8 million, down from EUR 3.0 million in the previous year. Segment EBIT remained largely unchanged at EUR 1.8 million (previous year: EUR 1.9 million) due to lower depreciation and amortisation expense. The EBIT margin relative to non-consolidated total revenues contracted to 4.6%, down from 5.1% in the previous year. The EBIT margin relative to the segment's own manufacturing input, which rose substantially by around 13%, contracted to 5.1%, down from 5.8% in the previous year. At the end of the first three months of 2016, the firm orders held by the OHB Group were valued at EUR 1,744 million, up from EUR 1,684 million as of December 31, 2015. Of this, OHB System AG accounted for EUR 1,280 million or a good 73%. At EUR 42.8 million at the end of the period under review, cash and cash equivalents (net of securities) thus fell short of the previous year's high figure (EUR 52.0 million). Total consolidated assets increased by EUR 60.5 million or 9.5% to EUR 699.2 million as of March 31, 2016 (December 31, 2015: EUR 638.7 million). Consolidated equity expanded by EUR 9.8 million to EUR 178.6 million. Accordingly, the equity ratio came to 26% as of March 31, 2016 and was thus unchanged over December 31, 2015. The Management Board expects consolidated total revenues of EUR 750 million for 2016, accompanied by EBITDA of EUR 54 million and EBIT of 42 million. Therefore OHB SE reaffirms the outlook for fiscal 2016 given in February this year. Given the greater order backlog and upbeat outlook for the current year, the Management Board assumes that the Group's net assets and financial condition will also remain strong. Key performance indicators at a glance (EUR 000s) 3M +/- 3M / 2015 3M / 2016 2016 /2015 Sales 132,698 145,296 +9.5 % Total revenues 153,249 157,369 +2.7 % EBITDA 10,750 10,676 -0.7 % EBIT 7,786 7,829 +0.6 % EBT 7,215 7,069 -2.0 % Net profit for the period after minority 4,336 4,540 +4.7 % interests EPS in EUR 0.25 0.26 +4.0 % Cash and cash equivalents incl. securities 57,048 44,802 -21.5 % The three-month interim report 2016 and further Information are available at: www.ohb.de Contact: Investor Relations Martina Lilienthal Tel.: +49 421 - 2020-720 Fax: +49 421 - 2020-613 E-Mail: [email protected] Corporate Communications Martin Stade Tel.: +49 421 - 2020-620 Fax: +49 421 - 2020-9898 E-Mail: [email protected] --------------------------------------------------------------------------- 12.05.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: OHB SE Karl-Ferdinand-Braun-Str. 8 28359 Bremen Germany Phone: +49 (0)421 2020 8 Fax: +49 (0)421 2020 613 E-mail: [email protected] Internet: www.ohb.de ISIN: DE0005936124 WKN: 593612 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 462799 12.05.2016