IR announcements

OHB SE discloses 6M interim report 2022

  • Total revenues reach EUR 443 million for the first time (+10%),
  • Profitability figures also reach historic highs: EBITDA rises to EUR 42.8 million (+9%), EBIT to EUR 25.4 million (+19%),
  • Net profit for the period improves strongly to EUR 16.5 million (+40%)
  • Equity significantly increased compared to previous year (+EUR 38.7 million / +16%)

Bremen, 11. August 2022. The OHB Group (ISIN: DE0005936124, Prime Standard) generated total revenues of EUR 442.8 million in the first six months, up 10% on the previous year (EUR 402.1 million). The operating result (EBITDA) increased from EUR 39.3 million in the previous year to EUR 42.8 million. The operating EBITDA margin thus changed to 9.7% in the reporting period, compared to 9.8% in the same period of the previous year. EBIT improved to EUR 25.4 million in the first six months of the current fiscal year, compared to EUR 21.4 million in the previous year. The corresponding EBIT margin increased to 5.7%, compared to 5.3% in the same period of the previous year.

The financial result of EUR -1.5 million (previous year: EUR -2.5 million) improved compared to the same period of the previous year, mainly due to exchange rate effects. Earnings before taxes (EBT) thus increased by 26% to EUR 23.9 million after the first six months of 2022 (previous year: EUR 18.9 million). Income taxes of EUR 7.5 million (previous year: EUR 7.2 million) resulted in a consolidated profit of EUR 16.5 million in the reporting period 2022, which was 40% higher than in the previous year (EUR 11.8 million).

At EUR 364.7 million, the unconsolidated total revenues of the SPACE SYSTEMS reporting segment were above the level of the first six months of the previous year (EUR 325.8 million). The increased total revenues resulted in an improved operating result (EBITDA) of EUR 30.1 million (previous year: EUR 28.9 million). The segment's EBIT of EUR 17.4 million was also significantly above the previous year's figure of EUR 15.2 million. The EBIT margin in relation to the unconsolidated total revenues thus increased from 4.7% in the previous year to 4.8% in the reporting period.

At EUR 54.0 million, the unconsolidated total revenues of the AEROSPACE segment in the first six months of fiscal year 2022 were significantly higher than the previous year's figure of EUR 40.3 million. The operating result (EBITDA) for this segment increased to EUR 6.7 million and was clearly improved compared to the previous year (EUR -1.7 million). This resulted in a higher EBIT of EUR 3.2 million compared to the previous year (EUR -4.8 million). The EBIT margin in relation to the unconsolidated total revenues thus reached 5.9%, compared to -11.9% in the previous year.

The unconsolidated total revenues of the DIGITAL reporting segment amounted to EUR 48.7 million in the first six months of fiscal year 2022 (previous year: EUR 51.8 million). The operating result (EBITDA) for this segment changed from EUR 11.7 million in the same period of the previous year to EUR 6.1 million, while EBIT decreased from EUR 10.7 million to EUR 4.9 million. The EBIT margin in relation to the unconsolidated total revenues reached 10.1% (previous year: 20.7%).

The Group's firm order backlog stood at EUR 1,846 million after six months of fiscal year 2022, down from EUR 2,483 million in the previous year. Of this, OHB System AG accounted for around 78% at EUR 1,446 million. As of June 30, 2022, the OHB Group's total assets stood at EUR 1,098.2 million, up 13.6% on June 30, 2021 (EUR 966.7 million). The increase in equity from EUR 238.8 million to EUR 277.5 million resulted in an equity ratio of 25.3% as of June 30, 2022, up from 24.7% as of the previous year's reporting date.

At the end of the reporting period, cash and cash equivalents were below the previous year's level (EUR 55.6 million) at EUR 47.7 million.

The Management Board expects the OHB Group's consolidated total revenues to come to EUR 1.205 billion in 2022, with EBITDA and EBIT reaching EUR 97 million and EUR 60 million respectively. Given the high order backlog and the positive outlook for the current fiscal year, the Management Board assumes that the financial condition and net assets will continue to develop well.

Key performance indicators at a glance

EUR (000s)
6M 2022

6M 2021
+/- 3M
Sales 424,267 393,412 +8%
Total revenues 442,819 402,057 +10%
EBITDA 42,836 39,299 +9%
EBIT 25,439 21,409 +19%
EBT 23,928 18,936 +26%
Share of OHB SE shareholders in net profit for the period 15,291 12,322 +24%
Earnings per share in EUR 0.88 0.71 +24%
Cash and cash equivalents at the end of the period 47,700 55,594 -14%
Contact for investors and analysts: 

Martina Lilienthal
Head of Investor Relations
Phone: +49 421 2020 7200
Email: ir@ohb.de

Contact for media representatives:

Günther Hörbst
Head of Corporate Communications
Phone: +49 421 2020 9438
Email: guenther.hoerbst@ohb.de