EBIT rises by 7 % to EUR 18.7 million (PY EUR 17.5 million); increase to approx. EUR 21 million expected for 2009

Earnings per share (EPS) at 61 cents (PY 84 cents); adjusted for one-time effects, EPS rises to 65 cents (PY adjusted 61 cents)

Unchanged dividend proposal of 25 cents per share also for 2008

Current order backlog of over EUR 700 million assures future growth

Bremen, March 19, 2009. At today’s annual press conference in Bremen, the Management Board of OHB Technology AG (Prime Standard, ISIN: DE0005936124) presents the audited consolidated financial statements 2008.

OHB Technology looks back on a successful year, profiting as it does from being relatively independent from current economic developments. The course of business was positive and resulted in an increase of slightly more than 16 % in the Group’s total revenues of EUR 260 million (previous year EUR 223 million); revenues of EUR 232 million were 6 % above the prior-year level (219 EUR million). It is important to note that Kayser-Threde GmbH was included in the consolidated financial statements for the first time for a full year.

"For the current fiscal year 2009 we expect a continued increase of total revenues of roughly 15 % to approximately EUR 300 million" confirmed Marco R. Fuchs, Chairman of the Board of OHB Technology AG, the Group's positive outlook for the year:

Due to delays during the contract award process for specific projects non-consolidated total revenues in the business unit Space Technology + Security fell to EUR 62.9 million (previous year EUR 69.8 million), non-consolidated revenues dropped to EUR 59.2 million (previous year EUR 69.3 million), and the EBIT amounted to EUR 4.6 million (previous year EUR 6.4 million).

Since July 1, 2007 the OHB Group’s business portfolio has been supplemented by the business unit Payloads + Science. As a result, it is included in the annual consolidated financial statements for the entire period under review for the first time. This unit generated non-consolidated total revenues of EUR 44.2 million in 2008 (previous year pro forma EUR 41.3 million) and revenues of EUR 43.2 million (previous year pro forma EUR 47.4 million), with an EBIT of EUR 2.2 million.

The largest business unit Space Transportation + Aerospace Structures increased its non-consolidated total revenues to EUR 140.4 million in 2008 (previous year EUR 119.4 million), the non-consolidated revenues increased to EUR 123.7 million (previous year EUR 110.6 million), and the EBIT jumped to EUR 11.7 million (previous year 9.3 million).

The business unit Telematics + Satellite Operations achieved non-consolidated total revenues of EUR 19.3 million in 2008, above the level of the previous fiscal year (EUR 16.5 million). Non-consolidated revenues totaled EUR 12.6 million (previous year EUR 14.5 million) and the EBIT jumped to EUR 0.7 million (previous year EUR 0.1 million).

The company has experienced sustained growth in operational results since going public in 2001. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose in 2008 by approximately 11 % to EUR 28.7 million (previous year EUR 25.9 million), thereby resulting in increased earnings before interest and taxes (EBIT) for the year under review of EUR 18.7 million (previous year EUR 17.5 million). Net  income of approximately EUR 9.0 million for the fiscal year 2008 (previous year EUR 12.5 million) resulted in earnings per share of 61 cents (PY 84 cents including a positive one-time effect to the amount of 23 cents per share). A tax audit in 2008 at a subsidiary company led to a 4-cent reduction in earnings per share. Adjusted by the respective one-time effects in the years 2008 and 2007, the earnings per share rose to 65 cents for the year 2008 after 61 cents in the previous year.

Management Board and Supervisory Board will propose a consistent dividend of 25 cents per share for 2008 at the upcoming annual general meeting. Similarly, the distribution of a dividend for the fiscal year 2009 is planned for the coming year. The Group's traditionally high liquidity (incl. securities and stocks) amounted to EUR 67.1 million as per December 31, 2008 (previous year EUR 73.1 million).

The record high order backlog of EUR 534 million as of the end of the year 2008 (previous year EUR 447 million) rose to over EUR 700 million by February of the current year, thereby safeguarding the Group’s continued growth and a high degree of utilization in all business units. During a financial crisis, OHB Technology has the decided advantage of being in a position to plan and operate on a long-term and sustainable scale. For the current fiscal year 2009, the Management Board anticipates a continued increase in the OHB Group’s consolidated total revenues to approximately EUR 300 million, to which all business units are expected to contribute with respective total revenues above the 2008 levels. Operational results (EBITDA) are expected to rise to approximately EUR 31 million in 2009. Earnings before taxes (EBIT) are expected to rise to approximately EUR 21 million for 2009. Special items are currently not anticipated.

The complete consolidated financial statements 2008 of OHB Technology AG will be explained in detail at today’s (March 19, 2009) annual press conference in Bremen and at the subsequent analysts’ conference in Frankfurt/Main.

Annual press conference at 8:30 a.m. on March 19, 2009
on the premises of OHB Technology AG in Bremen

Analysts’ conference (DVFA) at 2:00 p.m. on March 19, 2009
on the premises of DZ Bank AG,
Westend 1, 60325 Frankfurt/Main

Overview of financial figures(EUR ‘000)	2006	2007	2008	+/- 2008/07
Revenues	163,147	218,801	232,473	+  6 %
Total revenues	185,699	223,340	260,029	+ 16 %
EBITDA	27,936	25,903	28,736	+ 11 %
EBIT	20,428	17,486	18,708	+ 7 %
EBT	21,982	18,373	16,092	- 12 %
Net income	12,016	12,478	8,998	- 28 %
EPS in EUR	0.81	0.84	0.61	- 27 %
EPS in EUR (adjusted by one-time effects)	0.52	0.61	0.65	+ 7 %
Dividend per share*) in EUR	0.23	0.25	0.25	+/- 0
Liquid assets (incl. securities)	89,502	73,058	67,077	- 8 %

*) 2008 Proposal to the AGM