DGAP-News: OHB SE / Key word(s): Half Year Results OHB SE: Total revenues of EUR 316 Mio. (+0.3%) in the first half 2016; EBITDA increase of 8% to EUR 24.0 million and EBIT increase of 12% to EUR 18.3 million; Full-year forecast for 2016 confirmed with firm orders still high at EUR 1.6 billion 17.08.2016 / 08:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Bremen, August 17, 2016. The OHB Group's total revenues (Prime Standard, ISIN: DE0005936124) at EUR 316.4 million at the end of the first six months, slightly inceased over the previous year's figure of EUR 315.3 million. We expect total revenues to rise in the second half of the year with the planned achievement of major project milestones. The operating earnings (EBITDA) rose by 8% to EUR 24.0 million (previous year: EUR 22.2 million). The operating EBITDA margin widened to 7.6% at the end of the first six months of 2016, compared with 7.1% in the comparable prior-year period. The EBIT increased to EUR 18.3 million, up 12% from EUR 16.3 million in the previous year. As a result, the EBIT margin widened from 5.2% in the previous year to 5.8%. The EBIT margin on the Group's own higher manufacturing input came to 9.4% in the first half of the year, up from 9.1% in the previous year. As a result, profit from ordinary business activities at the end of the first six months of 2016 climbed by around 7% to EUR 15.7 million (previous year: EUR 14.7 million). With income tax also rising to EUR 5.2 million in the first six months of 2016 (previous year: EUR 4.7 million), the OHB Group recorded a 5% increase in consolidated net profit for the period to EUR 10.5 million (previous year: EUR 10.0 million). At EUR 236.6 million, non-consolidated total revenues in the Space Systems business unit was virtually unchanged over the first six months of the previous year (EUR 235.8 million). Operating earnings (EBITDA) rose to EUR 14.9 million, up from EUR 12.5 million in the previous year due to the increase in own manufacturing input. Segment EBIT climbed by EUR 2.4 million or 27% to EUR 11.3 million (previous year: EUR 8.9 million). The EBIT margin relative to non-consolidated total revenues also widened to 4.8%, up from 3.8% in the previous year. The EBIT margin relative to the segment's own manufacturing input correspondingly increased to 9.7%, up from 8.3% in the same period of the previous year. At EUR 81.8 million in the first six months of 2016, non-consolidated total revenues in the Aerospace + Industrial Products business unit were unchanged over the previous year. The cost of materials and services purchased dropped slightly from EUR 37.7 million in the year-ago period to EUR 36.1 million in the period under review. As a result, operating earnings (EBITDA) increased minimally to EUR 9.5 million, up from EUR 9.4 million in the previous year. Segment EBIT rose to EUR 7.4 million (previous year: EUR 7.1 million). The EBIT margin relative to the segment's own non-consolidated total revenues increased to 9.0% (previous year: 8.7%). The EBIT margin relative to the segment's own manufacturing input, which rose substantially by around 9%, contracted to 9.4%, down from 9.9% in the previous year. At the end of the first six months of 2016, the firm orders held by the OHB Group were valued at EUR 1,645 million, compared to EUR 1,684 million as of December 31, 2016. Of this, OHB System AG accounted for EUR 1,197 million or a good 73%. At EUR 40.8 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 46.9 million). Total consolidated assets increased by EUR 49.7 million or just under 8% over the end of the previous year to EUR 688.4 million as of June 30, 2016 (December 31, 2015: EUR 638.7 million). Consolidated equity expanded by EUR 8.6 million to EUR 177.4 million. Accordingly, the equity ratio came to 26% as of June 30, 2016 and was thus unchanged over December 31, 2015. The Management Board expects consolidated total revenues of EUR 750 million for 2016. The achievement of major project milestones is planned for the second half of the year and should result in the expected increase in total revenues. Operating earnings EBITDA and EBIT are expected to result in EUR 54 million respectively EUR 42 million. Therefore OHB SE reaffirms the outlook for fiscal 2016 given in February this year. Given the high order backlog and positive outlook for the current year, the Management Board assumes that the Group's earnings, financial condition and net assets will also remain strong. Key performance indicators at a glance EUR (000s) +/- H1 Q2 / 2015 Q2 / 2016 H1 / 2015 H1 / 2016 2016/2015 Sales 152,967 146,023 285,665 291,319 + 2.0 % Total revenues 162,041 158,992 315,290 316,361 + 0.3 % EBITDA 11,473 13,322 22,223 23,998 + 8.0 % EBIT 8,523 10,426 16,309 18,255 + 11.9 % EBT 7,519 8,648 14,734 15,717 + 6.7 % Consolidated net profit after minority 4,345 4,522 8,681 9,062 + 4.4 % interests EPS in EUR 0.25 0.26 0.50 0.52 + 4.0 % Cash and cash equivalents incl. 51,891 42,142 51,891 42,142 - 18.8 % securities The interim report for Q2/6M 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] --------------------------------------------------------------------------- 17.08.2016 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. Archive at 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, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 493371 17.08.2016