09.05.2018
OHB SE DE0005936124
DGAP-News: OHB SE: 3-month interim report 2018: Total revenues increased to EUR 190 million (+15%), EBITDA increased to EUR 14.2 million (+12%), EBIT increased to EUR 10.2 million (+9%), Guidance for 2018 reiterated
DGAP-News: OHB SE / Key word(s): Quarterly / Interim Statement
OHB SE: 3-month interim report 2018: Total revenues increased to EUR 190
million (+15%), EBITDA increased to EUR 14.2 million (+12%), EBIT increased
to EUR 10.2 million (+9%), Guidance for 2018 reiterated
09.05.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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Bremen, May 9, 2018. OHB Group (ISIN: DE0005936124, Prime Standard) achieved
total revenues of EUR 189.7 million after three months, an increase of 15%
over the same period of the previous year (previous year: EUR 165.3
million).
Operating earnings (EBITDA) rose to EUR 14.2 million (previous year: EUR
12.7 million). In the first three months of 2018, the operating EBITDA
margin came to 7.5% and thus close to the figure of 7.7% recorded in the
same quarter of the previous year. Despite the higher depreciation and
amortisation expense of EUR 4.0 million in the period under review (previous
year: EUR 3.3 million), EBIT climbed to EUR 10.2 million, up from EUR 9.4
million in the previous year. Consequently, the EBIT margin contracted
slightly from 5.7% in the previous year to 5.4%. Earnings before taxes (EBT)
at the end of the first three months of 2018 rose by just under 8% to EUR
9.4 million (previous year: EUR 8.7 million). With income tax rising to EUR
3.0 million in the period under review (previous year: EUR 2.7 million),
consolidated net profit for the period climbed by 5% to EUR 6.4 million
(previous year: EUR 6.1 million).
At EUR 147.1 million, non-consolidated total revenues in the Space Systems
business unit were up on the first three months of the previous year (EUR
113.8 million). The increase in total revenues resulted in similarly higher
operating earnings (EBITDA) of EUR 9.9 million, (previous year: EUR 8.6
million). Segment EBIT came to EUR 7.2 million, thus exceeding the previous
year's figure of EUR 6.6 million, despite the substantially higher
depreciation and amortisation expense. The EBIT margin relative to the
segment's non-consolidated total revenues contracted slightly to 4.9%
(previous year: 5.8%).
In the first three months of 2018, non-consolidated total revenues in the
Aerospace + Industrial Products business unit fell by roughly 20% over the
year-ago period to EUR 44.0 million (previous year: EUR 55.2 million). The
cost of materials and services purchased dropped by around 37% from EUR 29.1
million in the year-ago period to EUR 18.3 million in the period under
review. As a result, operating earnings (EBITDA) rose slightly to EUR 4.4
million, up from EUR 4.3 million in the previous year. The segment's
constant EBIT of EUR 3.0 million resulted in a wider EBIT margin relative to
non-consolidated total revenues of 6.9%, up from 5.4% in the previous year.
The firm orders held by the Group at the end of the first three months of
2018 were valued at EUR 2,397 million, up from EUR 1,523 million in the
previous year. Of this, OHB System AG accounted for EUR 1,916 million or
around 80%.
At EUR 50.2 million at the end of the period under review, cash and cash
equivalents (net of securities) fell short of the previous year (EUR 56.1
million). The OHB Group's total assets increased by a good 1% over December
31, 2017 to EUR 729.5 million as of March 31, 2018 (December 31, 2017: EUR
719.7 million).
The Management Board expects consolidated total revenues of EUR 1,000
million for 2018, accompanied by EBITDA of EUR 65 million and EBIT of 47
million. 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 / 2017 3M / 2018 2018 / 2017
Sales 147,006 177,934 + 21.0 %
Total revenues 165,319 189,713 + 14.8 %
EBITDA 12,727 14,242 + 11.9 %
EBIT 9,416 10,220 + 8.5 %
EBT 8,708 9,365 + 7.5 %
Consolidated net profit 6,050 6,359 + 5.1 %
EPS in EUR 0.31 0.34 + 9.6 %
Cash and cash equivalents
incl. securities 57,140 50,884 - 10.9 %
The interim report for Q1 2018 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
Günther Hörbst
Tel.: +49 421 - 2020-9438
E-Mail: [email protected]
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09.05.2018 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.
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Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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, Tradegate Exchange
End of News DGAP News Service
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683981 09.05.2018
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