The OHB Group (ISIN: DE0005936124, Prime Standard) achieved total revenue of EUR 1,182.8 million in fiscal year 2023 (previous year: EUR 1,001.3 million), while net sales rose to EUR 1,047.8 million (previous year: EUR 944.5 million). EBITDA amounted to EUR 162.1 million in the reporting year (previous year: EUR 99.3 million), and the EBITDA margin increased to 13.7% from 9.9% in the previous year. EBIT amounted to EUR 125.0 million (previous year: EUR 63.2 million). The EBIT margin thus increased from 6.3% in the prior year to 10.6%. In the past fiscal year, various effects (delayed order intake, inflation-related cost increases, as well as transaction costs and other one-time effects) that had a negative impact on profitability were more than offset by revaluation measures of financial instruments in equity investments and financial assets.
As in the previous year, the Executive Board and Supervisory Board will propose a dividend of EUR 0.60 per share to the Annual General Meeting for the 2023 fiscal year.
The voluntary public tender offer by Orchid Lux HoldCo S.à r.l. is proceeding as planned. At this time, investment control approvals from three of the ten countries are still pending.
In the SPACE SYSTEMS segment, OHB successfully established itself in the market during the past fiscal year by being included in the core team of the bidding consortium for the future European telecommunications constellationIRIS2and by being commissioned to lead a consortium for the development of an early warning and tracking system for ballistic missiles. In other European countries, Group companies capitalized on further growth opportunities in their areas of expertise and national markets. The AEROSPACE segment will benefit from the outcomes of the ESA Space Summit held in November 2023, at which decisions were made to secure the autonomy and independence of European access to space. These include measures within the Ariane program and the opening of the institutional market to commercial launch vehicles. In the DIGITAL segment, additional orders were secured, particularly in the Earth observation application area. Furthermore, the increased utilization of synergies among the Group companies within the segment was further advanced in the past fiscal year.
At EUR 1,749 million (previous year: EUR 1,875 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 1,455 million; the order backlog in the AEROSPACE segment amounts to EUR 158 million, and the DIGITAL segment has an order backlog of EUR 135 million. These figures ensure a high degree of planning certainty for the future.
The Executive Board expects consolidated total revenue for the 2024 fiscal year to be between EUR 1,300 million and 1,400 million. The operating profit metrics—EBITDA margin and EBIT margin—adjusted for one-time items, are expected to reach >8.5% and >6.0%, respectively.
OHB SE’s complete 2023 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 Performance Indicators at a Glance
| in thousands of euros | 2020 | 2021 | 2022 | 2023 | +/- 2022/2023 |
| Revenue | 880.319 | 905.001 | 944.520 | 1.047.796 | +11 % |
| Total output | 901.431 | 916.547 | 1.001.276 | 1.182.845 | +18 % |
| EBITDA | 77.024 | 83.618 | 99.282 | 162.119 | +63 % |
| EBIT | 41.634 | 47.021 | 63.196 | 125.022 | +98 % |
| EBT | 29.817 | 41.594 | 49.979 | 104.144 | +108 % |
| Consolidated net income | 19.737 | 27.749 | 32.226 | 85.881 | +166 % |
| Net income after minority interests | 20.869 | 27.498 | 32.242 | 71.287 | +121 % |
| Earnings per share* (EUR) | 1,20 | 1,58 | 1,97 | 4,11 | +109 % |
| Dividend per share** (EUR) | 0,43 | 0,48 | 0,60 | 0,60 | 0 % |
| Cash on hand | 91.968 | 96.618 | 106.110 | 141.126 | +33 % |
* from continuing operations attributable to the owners of the parent company
** 2023: Proposal to the Annual General Meeting