OHB SE — Earnings Release 2004

May 13, 2004

News Details

Corporate | 13 May 2004 08:32

Powerful start of OHB Technology in the first quarter 2004

Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– · Total revenues in Q1 / 2004 of approx. 15 million EUR in line with forecast · Telematics business unit operating profitably again in the first quarter · Earnings per share of 8 Cent Bremen, May 13, 2004. In the first quarter of 2004, the OHB Technology Group (ISIN: DE0005936124) impressively continued its successful course of boosting profitability. In the period under review, consolidated EBITDA came to EUR 2.3 million (previous year: EUR 2.0 million). As a result, the EBITDA margin widened from the year-ago figure of 11.5% to 15.8% in spite of the decline in total revenues. EBIT came to EUR 1.6 million (previous year: EUR 1.6 million), translating into an EBIT margin of 10.8%, up from 9.1% in the first quarter 2003. Consolidated net income for the quarter reached only EUR 1.1 million (previous year: EUR 1.5 million) as the application of a normalized tax rate for the first time resulted in substantially higher tax expense (previous year: EUR 1.5 million). This is equivalent to earnings per share of EUR 0.08, down from EUR 0.10 one year earlier. In the traditionally fairly muted first quarter of the fiscal year, the OHB Technology Group’s total revenues came to EUR 14.7 million, down roughly 15% on the year-ago quarter, which had been characterized by above-average revenues. The Space Technology + Security unit posted unconsolidated total revenues of EUR 12.3 million (down 20% on the year-ago figure of EUR 15.4 million). By contrast, the Telematics and Satellite Services business units delivered a roughly 30% increase in unconsolidated revenues to EUR 3.1 million (previous year: EUR 2.4 million) and were operating profitably again in the first quarter of 2004, thus exceeding expectations slightly. “The high order backlog of around EUR 180 mill gives us the optimism of a significant growth in total revenues and earnings for the current year and offers also the opportunity for further increases in coming years,” underlined Marco R. Fuchs, CEO of OHB Technology AG the positive development of the first quarter 2004. Please find the full version of the 3-months report on the internet at: www.ohb-technology.de For additional information please contact: Michael Vér Investor Relations OHB Technology AG Karl-Ferdinand-Braun-Str. 8 D – 28359 Bremen Phone: +49 -421 -2020 -8 Fax: +49 -421 -2020 -613 Internet: www.ohb-technology.de mailto: ir@ohb-technology.de end of message, (c)DGAP 13.05.2004 ——————————————————————————– WKN: 593612; ISIN: DE0005936124; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 130832 Mai 04