At today’s Capital Market Day 2024, the aerospace and technology group OHB SE (Prime Standard, ISIN DE0005936124) provided an overview of current market and corporate developments.
The focus was on an outlook for the expected business performance for the current fiscal year 2024 and the years that follow:
| 2024 | 2025 | 2026 | |
| Total revenue in millions of euros | 1,300–1,400 | 1,400–1,500 | 1,600–1,700 |
| Adjusted EBITDA margin (%) | > 8,5 | > 10,0 | > 10,5 |
| Adjusted EBIT margin (%) | > 6,0 | > 7,0 | > 7,5 |
For the 2023 fiscal year, OHB confirms the outlook provided in the nine-month interim report dated November 9, 2023. Total revenue is forecast to be roughly in line with guidance. Various factors (delayed order intake, inflation-driven cost increases, as well as transaction costs and other one-time effects) that have had a negative impact on profitability will likely result in EBITDA and EBIT falling short of the original guidance for the 2023 fiscal year.
OHB SE’s audited 2023 consolidated financial statements will be presented in detail at the financial results press conference scheduled for March 20, 2024, and at the analyst conference to follow on the same day, and will also be available for download on the OHB SE website.
In addition, the company provided an overview of its new management structure. This includes changes in top-level positions across all three business segments:
- Chiara Pedersoli has been appointed Chairwoman of the Board of Directors of OHB System AG. She succeeds Marco Fuchs, who has been elected to the Supervisory Board of OHB System AG. Romana Fuchs Mayrhofer has been elected Chairwoman of the Supervisory Board of OHB System AG.
- At MT Aerospace AG, Hans Steininger will join the Supervisory Board and focus on his duties as Managing Director of the Aerotech-Peissenberg Group. Ulrich Scheib will be proposed to the Supervisory Board for appointment as the new CEO of MT Aerospace AG, effective April 1, 2024.
- Dr. Arne Gausepohl has succeeded Dr. Lutz Bertling as head of the DIGITAL business segment.
The Group also took these changes as an opportunity to restructure the Executive Committee. Under the leadership of CEO Marco Fuchs, the Executive Committee comprises the other members of the OHB SE Executive Board. In addition, the Executive Committee will be joined by the executives introduced today: Chiara Pedersoli (OHB System AG), Ulrich Scheib (MT Aerospace AG), and Dr. Arne Gausepohl (OHB DIGITAL) in their new roles. Furthermore, the heads of the corporate functions will be members of the Executive Committee.
In this context, Dr. Kristina Wagner is being introduced as the new Chief Technology + Digital Officer. In this role, she will oversee the OHB Group’s technical developments and research activities starting February 1, 2024. Sabine von der Recke will join the Executive Committee and be responsible for institutional and political relations as well as corporate communications. In addition, she remains a member of the Executive Board of OHB System AG and a member of the management board of German Offshore Spaceport Alliance GmbH. The Executive Committee is rounded out by Oliver Salisch, who coordinates and oversees M&A activities and other corporate investments. He also serves as managing director of OHB Venture Capital GmbH.
“To achieve our ambitious growth targets, we need a strong leadership team. I am confident that, with this Executive Committee, we will lead OHB toward a successful future. The appointments to leadership positions at our two largest subsidiaries are an important and forward-looking step in this direction, and I look forward to working together in this new configuration,” explains Marco Fuchs.
At today’s Capital Market Day, management also reported on the status of the investment agreement with the new minority investor KKR. Following a capital increase amounting to 10% of the previous share capital at an issue price of EUR 44 per share, the number of shares outstanding has increased from 17,468,096 to 19,214,905. This has provided OHB SE with approximately EUR 77 million in December 2023. With the subscription of a convertible bond issued by Rocket Factory Augsburg AG, the second element of the investment agreement has also already been implemented. The completion of the voluntary public tender offer for all outstanding shares of OHB SE is currently still subject to the granting of various regulatory approvals.