Substantial widening of EBIT margins across all business units; EBIT of EUR 14.9 million (previous year EUR 10.7 million)
Considerable order receipts expected for the fourth quarter

Bremen, November 11, 2008. The OHB Group (Prime Standard, ISIN: DE0005936124) has continued to perform successfully In the course of 2008. “The financials for the first nine months of 2008 testify to the Company’s strong position in the aerospace industry” comments Marco R. Fuchs, CEO of the Group, on the first nine months of 2008.

The OHB Group’s total revenues rose to EUR 178.2 million in the first nine months of 2008, an increase of 17 % over the year-ago period (EUR 152.2 million). This was primarily due to the first-time consolidations of Kayser-Threde GmbH as of the third quarter of 2007 and Luxspace Sàrl as of the first quarter of 2008.

EBITDA came to EUR 21.4 million and was thus substantially up on the previous year (+ 28 %; EUR 16.7 million). Earnings before interest and taxes (EBIT) rose by 39 % to EUR 14.9 million (previous year: EUR 10.7 million). Consolidated net financial result came to a negative EUR 2.9 million (previous year: positive EUR 2.2 million) due to lower interest income and the absence of the previous year’s non-recurring share of profit of associates as well as the higher interest expense in connection with the acquisition of Kayser-Threde. Consequently, earnings before taxes (EBT) came to EUR 12.0 million, down 7 % on the year-ago figure of EUR 12.9 million. Consolidated net profit for the first nine months of 2008 stands at EUR 7.1 million, down from EUR 9.5 million in the previous year (adjusted: EUR 6.1 million). Earnings per share come to EUR 0.48 (previous year: EUR 0.64; adjusted: EUR 0.41).

The Space Systems + Security business unit recorded unconsolidated total revenues of EUR 45.1 million, thus remaining roughly on par with the year-ago figure (EUR 46.1 million). The increased internal manufacturing content reflected in the further significant decline in the cost-of-materials ratio to around 50 % (previous year: roughly 58 %) and the first-time consolidation of Luxspace Sàrl caused the EBIT margin to widen from 8.7 % in the previous year to 10.4 %. EBIT in this business unit came to EUR 4.7 million (previous year: EUR 4.0 million).

In the first nine months of the year, the Payloads + Science business unit generated unconsolidated total revenues of EUR 30.1 million. In the previous year, this business unit, which has arisen from the first-time consolidation of Kayser-Threde in the third quarter 2007, contributed total revenues of EUR 9.9 million in the third quarter to the result of the Group. EBITDA came to EUR 2.8 million (previous year Q3 only: EUR 0.8 million), with EBIT standing at EUR 1.4 million (previous year Q3 only: EUR 0.3 million). The EBIT margin has widened to 4.5 % in the course of the current year.

With unconsolidated total revenues of EUR 96.2 million (previous year: EUR 87.3 million), the Space Transportation + Aerospace Structures business unit made the greatest contribution to total revenues of the Group. EBITDA came in at EUR 11.2 million, up from EUR 9.2 million one year earlier. EBIT also rose, coming to EUR 8.4 million (previous year: EUR 6.5 million), with the EBIT margin widening from 7.4 % to 8.8 %. This shows that the business unit has continued to expand.

At EUR 11.7 million in the first nine months of 2008, unconsolidated total revenues in the Telematics + Satellite Operations business unit were down on the previous year (EUR 12.2 million). However, EBIT widened to EUR 0.4 million (previous year: EUR 0.03 million) thanks to the reduced cost-of-materials ratio compared with the previous year and lower depreciation expense, resulting in an EBIT margin of 3.6 %.

As of September 30, 2008, firm orders were valued at EUR 381.0 million (previous year: EUR 476.0 million), with MT Aerospace making a material contribution of EUR 242.0 million (previous year: EUR 308.4 million). OHB Technology expects a considerable volume of further orders in the fourth quarter.

As of September 30, 2008, consolidated cash and cash equivalents (including securities) had declined to EUR 44.2 million (September 30, 2007: EUR 73.7 million). This drop is chiefly due to the delayed signing of the PB lot contract for the Ariane 5 launch vehicle.