OHB SE — Earnings Release 2005

Nov 9, 2005

News Details

Ad-hoc | 9 November 2005 15:01

OHB Technology AG: Surge in earnings to 60 Cent per share …

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Surge in earnings to 60 Cent per share (previous year 27 Cent) due to first- time consolidation of MT Aerospace AG Turnaround at MT Aerospace with positive Q3 EBIT Record order backlog of EUR 393 million Bremen, November 9, 2005. OHB Technology AG (Prime Standard, ISIN: DE0005936124) took benefit in the third quarter from first-time consolidation of MT Aerospace AG in the OHB Group as of July 1st, 2005 in accordance to IFRS 3. The OHB Group’s total revenues in the first nine months of 2005 came to EUR 73.4 million, slightly up on the year-ago figure of EUR 73.3 million. It can thus be seen that the previous year-on-year shortfall of some EUR 10 million in total revenues in the first half of 2005 has been completely made up for with the acquisition of MT Aerospace. Including the non-recurring income from the negative goodwill arising from the first-time consolidation of MT Aerospace, the Group posted EBITDA of EUR 14.7 million (previous year: EUR 7.7 million) and EBIT of EUR 11.3 million (previous year: EUR 5.5 million) in the first nine months of 2005. Net income for the first nine months came to EUR 8.9 million, substantially exceeding the year-ago figure of EUR 3.9 million. Earnings per share of EUR 0.60 for the period were inflated by the addition of the non-recurring income of EUR 0.36 per share from the negative goodwill arising from first-time consolidation. A further EUR 0.02 per share is attributable to the operating earnings again – following a weak first half – posted by MT Aerospace in the third quarter of 2005. Otherwise, OHB Technology AG in the structure which it possessed a year ago contributed EUR 0.22 per share, equivalent to a year-on- year decline of EUR 0.05 per share. This drop in earnings is due to the lower total revenues generated in the Space Technology + Security business unit. The increase of EUR 34.8 million to EUR 93.5 million in cash and cash equivalents at the Group level as of September 30, 2005 compared with December 31, 2004 is essentially due to the first-time consolidation of MT Aerospace AG. Firm orders were valued at EUR 393.1 million on September 30, 2005, with the order backlog of EUR 272.4 million recorded by MT Aerospace making a key contribution after first-time consolidation. The pro-forma order backlog for OHB Technology AG (i.e. the same structure as in the previous year) of EUR 120.7 million (previous year: EUR 145.2 million). As a result, order backlog exceeds all the previous quarters of 2005 as well as the figure of EUR 110.8 million reported at the end of 2004. For further details and information please refer to the 9-Month-Report 2005, which will be disclosed on November 10th, 2005 or contact directly: OHB Technology AG Investor Relations Karl-Ferdinand-Braun-Str. 8 Phone: +49 – 421 2020-8 Fax:+49 – 421 2020-613 Internet: http://www.ohb-technology.de E-Mail: ir@ohb-technology.de OHB Technology AG Universitätsallee 29 28359 Bremen Deutschland ISIN: DE0005936124 WKN: 593612 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart End of ad hoc announcement (c)DGAP 09.11.2005