The Executive Board of OHB SE (ISIN: DE0005936124, Prime Standard) presented the audited 2017 consolidated financial statements at today’s annual results press conference in Bremen.
In fiscal year 2017, the Group’s total revenue reached EUR 860 million (previous year: EUR 728 million). EBITDA rose to EUR 58.8 million (previous year: EUR 55.1 million), and the EBITDA margin stood at 6.8%, down from 7.6% in the previous year. EBIT increased to EUR 44.2 million (previous year: EUR 42.7 million). The EBIT margin changed to 5.1% (previous year: 5.9%).
Consolidated net income rose to EUR 27.7 million (previous year: EUR 25.6 million). Earnings per share increased to EUR 1.34 (both diluted and undiluted) for the 2017 fiscal year, up from EUR 1.28 in the previous year.
Operating cash flow amounted to EUR 35.0 million as of the balance sheet date (previous year: EUR 72.7 million).
Equity, which increased by EUR 23.7 million year-over-year to EUR 207.3 million, resulted in an equity ratio that improved to 28.8% (previous year: 26.9%), despite total assets rising to EUR 719.7 million (previous year: EUR 682.9 million).
The “Space Systems” division reported increased total revenue of EUR 661.3 million in 2017 (previous year: EUR 559.5 million). EBIT in this business segment decreased from EUR 25.5 million in the prior year to EUR 24.1 million. The EBIT margin based on unconsolidated total revenue was thus 3.6%, down from 4.6% in the prior year.
The unconsolidated total revenue of the “Aerospace + Industrial Products” division rose from EUR 175.9 million to EUR 211.9 million in fiscal year 2017. This resulted in an increase in the division’s EBIT to EUR 20.2 million (previous year: EUR 17.2 million). The EBIT margin decreased slightly to 9.5% (previous year: 9.8%).
The Executive Board and Supervisory Board will propose a dividend of EUR 0.40 per share to the Annual General Meeting for the 2017 fiscal year, the same as in the previous year. The Group’s cash and cash equivalents (including securities) amounted to EUR 59.3 million as of December 31, 2017 (previous year: EUR 57.6 million).
The order backlog stands at a record level of EUR 2,439 million (previous year: EUR 1,560 million). The “Space Systems” division accounts for the majority of the order backlog, totaling EUR 2,198 million; the order backlog in the “Aerospace + Industrial Products” division amounts to EUR 241 million. This ensures satisfactory planning security for the future as well as high operational capacity utilization across all divisions.
The Executive Board expects consolidated total revenue of EUR 1 billion for the full year 2018. The operating profit metrics EBITDA and EBIT are expected to reach EUR 65 million and EUR 47 million, respectively.
OHB SE’s complete 2017 consolidated financial statements will be discussed in detail at today’s (March 21, 2018) earnings press conference in Bremen and the subsequent analyst meeting in Frankfurt am Main.
Earnings press conference at 8:30 a.m. on March 21, 2018, at the OHB SE offices in Bremen
Analyst Conference (DVFA) at 1:00 p.m. on March 21, 2018, at the DZ Bank AG offices in Frankfurt am Main
| Key Financial Ratios at a Glance (in thousands of euros) | 2013 | 2014 | 2015 | 2016 | 2017 | 2016–2017 |
|---|---|---|---|---|---|---|
| Revenue | 680.121 | 728.147 | 719.706 | 699.184 | 825.894 | +18,1% |
| Total operating performance | 700.063 | 772.954 | 730.368 | 728.386 | 859.689 | +18,0% |
| EBITDA | 52.803 | 53.416 | 52.135 | 55.081 | 58.809 | +6,8% |
| EBIT | 36.353 | 40.400 | 40.214 | 42.700 | 44.223 | +,6% |
| EBT | 29.728 | 33.874 | 36.698 | 38.009 | 42.238 | +11,1& |
| Consolidated net income | 20.068 | 29.168 | 25.385 | 25.575 | 27.724 | +8,4% |
| Net income after minority interests | 19.436 | 25.713 | 20.975 | 22.212 | 23.355 | +5,1% |
| Earnings per share in EUR | 1,12 | 1,48 | 1,21 | 1,28 | 1,34 | +4,7% |
| Dividend per share* in EUR | 0,37 | 0,37 | 0,40 | 0,40 | 0,40 | |
| Cash and cash equivalents, including securities | 58.911 | 54.989 | 62.052 | 57.584 | 59.258 | +2,9% |
*) 2017: Proposal to the Annual General Meeting