The OHB Group (ISIN: DE0005936124, Prime Standard) achieved total revenue of EUR 1,001.3 million in fiscal year 2022 (previous year: EUR 916.5 million), while net sales rose to EUR 944.5 million (previous year: EUR 905.0 million). Both figures were again impacted by global supply chain difficulties and the resulting delivery delays. EBITDA amounted to EUR 99.3 million in the reporting year (previous year: EUR 83.6 million), and the EBITDA margin increased to 9.9% from 9.1% in the previous year. EBIT amounted to EUR 63.2 million (previous year: EUR 47.0 million). The EBIT margin thus increased from 5.1% in the previous year to 6.3%, reaching a level above 6% for the first time since the 2009 fiscal year. The share of OHB SE shareholders in net income reached EUR 32.2 million (previous year: EUR 27.5 million), and earnings per share thus rose to EUR 1.97 (diluted and undiluted) for the 2022 fiscal year, compared to EUR 1.58 in the previous year.
Operating cash flow amounted to EUR 9.1 million as of the balance sheet date (previous year: EUR -17.3 million), while free cash flow increased slightly during the reporting period to EUR -14.1 million (previous year: EUR -15.5 million). Equity rose to EUR 293.5 million as of the balance sheet date (previous year: EUR 252.6 million). Despite this development, the increase in total assets to EUR 1,080.7 million compared to the prior-year balance sheet date (EUR 960.8 million) nevertheless resulted in an improved equity ratio of 27.2% (prior year: 26.3%).
The SPACE SYSTEMS segment’s unconsolidated total revenue of EUR 810.8 million exceeded the prior-year level (EUR 755.9 million). The increase in total revenue resulted in an improved operating profit (EBITDA) of EUR 73.9 million (prior year: EUR 60.8 million). The segment’s EBIT of EUR 48.2 million was significantly higher than the prior-year figure of EUR 33.3 million. The EBIT margin relative to unconsolidated total revenue thus increased significantly from 4.4% in the prior year to 5.9% in fiscal year 2022.
The AEROSPACE segment’s unconsolidated total revenue increased to EUR 120.8 million in fiscal year 2022, up from EUR 97.4 million in the prior year. Operating profit (EBITDA) for this segment rose to EUR 13.1 million compared to the prior-year period (EUR 7.5 million). This also led to a significant increase in EBIT to EUR 5.5 million (previous year: EUR 0.5 million). The EBIT margin relative to total revenue thus reached 4.6% after 0.5% in the previous year.
The segment’s unconsolidated total revenue reached EUR 105.7 million, compared with EUR 101.0 million in the same period of the previous year. Operating profit (EBITDA) for this segment amounted to EUR 13.3 million, compared with EUR 16.1 million in the prior-year period, and the segment’s EBIT amounted to EUR 10.7 million (prior year: EUR 14.0 million). The EBIT margin relative to total revenue thus reached 10.1%
The Executive Board and Supervisory Board will propose an increased dividend of EUR 0.60 per share (previous year: EUR 0.48) to the Annual General Meeting for the 2022 fiscal year. The Group’s cash and cash equivalents amounted to EUR 106.1 million as of December 31, 2022 (previous year: EUR 96.6 million).
At EUR 1,875 million (previous year: EUR 2,121 million) as of the balance sheet date, the order backlog remains at a healthy level. The SPACE SYSTEMS segment accounts for the majority of the order backlog with a value of EUR 1,588 million; the order backlog in the AEROSPACE segment amounts to EUR 153 million, and the DIGITAL segment has an order backlog of EUR 134 million. These figures ensure a high degree of planning certainty for the future.
The Executive Board expects consolidated total revenue of EUR 1,176 million for the full year 2023. The operating profit metrics EBITDA and EBIT are expected to reach EUR 109 million and EUR 70 million, respectively.
OHB SE’s complete 2022 consolidated financial statements will be discussed in detail at today’s hybrid financial results press conference in Bremen and the subsequent virtual analyst conference.
| Key Financial Ratios at a Glance (in thousands of euros) | 2019 | 2020 | 2021 | 2022 | +/- 2021/2022 |
| Revenue | 1.004.618 | 880.319 | 905.001 | 944.520 | +4% |
| Total operating performance | 1.030.086 | 901.431 | 916.547 | 1.001.276 | +9 % |
| EBITDA | 78.331 | 77.024 | 83.618 | 99.282 | +19% |
| EBIT | 49.109 | 41.634 | 47.021 | 63.196 | +34% |
| EBT | 39.144 | 29.817 | 41.594 | 49.979 | +20% |
| Consolidated net income | 25.629 | 19.737 | 27.749 | 32.226 | +16% |
| Net income after minority interests | 25.543 | 20.869 | 27.498 | 32.242 | +17% |
| Earnings per share* (EUR) | 1,47 | 1,20 | 1,58 | 1,97 | +25% |
| Dividend per share** (EUR) | – | 0,43 | 0,48 | 0,60 | +25% |
| Cash and cash equivalents | 85.090 | 91.968 | 96.618 | 106.110 | +10% |
* from continuing operations attributable to the owners of the parent company
** 2022: Proposal to the Annual General Meeting