OHB SE has released the following preliminary figures for the first half of 2015:
Total revenue: EUR 315 million, EBITDA: EUR 22.2 million, EBIT: EUR 16.3 million
In the same period of the previous year (first half of 2014), the figures were as follows: total revenue of EUR 414 million, EBITDA of EUR 27.9 million, and EBIT of EUR 20.5 million.
Fluctuations in project performance throughout the year affect overall performance and are an integral part of our business model. However, profitability remains largely stable; the EBIT margin stands at around 5%, as in the previous year, and is slightly higher than the prior-year level.
When comparing these figures with the 2014 half-year financial statements, it should be noted that Aerotech Peissenberg GmbH & Co. KG (ATP) was still fully consolidated in those financial statements. Since May 2014, however, ATP has been included in the financial statements only as a minority interest. Adjusted for ATP, the following pro forma comparative figures result for the first half of 2014: total revenue of EUR 372 million, EBITDA of EUR 19.8 million, and EBIT of EUR 13.9 million. Compared to these figures, profitability ratios have improved.
The full-year outlook published in February for the above-mentioned key figures has been confirmed by the Executive Board (total revenue >EUR 800 million, EBITDA >EUR 53 million, EBIT >EUR 40 million).
OHB SE’s full six-month report will be published on August 13, 2015; the preliminary figures mentioned above were approved by the Executive Board today.