OHB SE — Earnings Release 2005

Mar 22, 2006

News Details

Corporate | 22 March 2006 07:59

OHB Technology AG: Further earnings increase to record level of Cent 72 per share thanks to successful acquisition of MT Aerospace

Corporate-news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— – Further earnings increase to record level of Cent 72 per share thanks to successful acquisition of MT Aerospace – Dividend proposal of Cent 20 per share for 2005 – Order backlog almost quadrupled to EUR 418 million – Cash and cash equivalents at a record level of EUR 95 million (previous year EUR 59 million) Bremen, March 22, 2006. The Management Board of OHB Technology AG (ISIN: DE0005936124) will present the audited consolidated financial statements for 2005 at today’s annual accounts press conference in Bremen. The Board will also reiterate the positive outlook for the current 2006 fiscal year. The constant rise of OHB Group’s total revenues in past years to a current level of EUR 117.1 million (previous year EUR 114.1 million) is part of the company’s ongoing growth story. The over-proportionate earnings growth achieved in the past five years represents the other part of the profitable growth story. The 2006 net profit rose by 75 % to EUR 10.7 million year-on-year (EUR 6.1 million). The Management and Supervisory Board will propose a dividend payment of Cent 20 per share (previous year Cent 12 per share) to the Annual General Meeting. It is planned to pay out a dividend for the year 2006 in the next fiscal year as well. The successful acquisition and integration of MT Aerospace AG (previously MAN Technologie AG) into the OHB Group required a reorganization of the Group and have resulted in a balanced distribution of services rendered. The new division Aerospace Transportation + Aerospace Structures and the Space + Security division both contribute some 44 % to the Group’s total revenues, whereas Telematics + Satellite Services contribute the remaining 12 %. The new record level in terms of cash and cash equivalents of EUR 95.1 million as of December 31, 2005 (previous year EUR 58.7 million) mainly profited from the integration of the MT Aerospace. The order backlog has almost quadrupled to EUR 417.5 million (previous year EUR 110.8 million) as of December 31, 2005. This guarantees an excellent capacity utilization for the current fiscal year 2006. The Management Board anticipates a strong rise in earnings per share by almost 40% to some Cent 50 per share in 2006 as well. This compares with an adjusted figure of Cent 36 per share in the previous year (adjusted for the one-time special income from the accounting difference on the liability side due to the initial consolidation of MT Aerospace AG). The complete 2005 consolidated financial accounts of OHB Technology AG will be explained in detail at today’s (March 22, 2006) annual accounts press conference in Bremen and the subsequent analyst’ meeting in Frankfurt a. M. Financial ratios at a 2004 2005 +/- glance(thousand EUR) 2005/04 Sales 137,909 113,829 – 17 % Total revenues 114,081 117,057 + 3 % EBITDA 11,565 19,325 + 67 % EBIT 8,467 14,080 + 66 % EBT 10,331 13,745 + 33 % Net profit 6,119 10,678 + 75 % EPS in EUR 0.42 0.72 + 71 % Dividend per share*) in EUR 0.12 0.20 + 67 % Cash and cash equivalents 58,727 95,084 + 62 % *) 2005 proposal to AGM Annual accounts press conference on March 22, 2006 at 9:00 AM at the premises of OHB Technology AG in Bremen Analyst’ meeting (DVFA) on March 22, 2006 at 2:00 PM at the premises of DZ Bank AG, Platz der Republik, 60265 Frankfurt a. M. For further information please contact: OHB Technology AG Michael Vér, Investor Relations Tel.: +49 421 2020-8 Fax: +49 421 2020-613 Internet: http://www.ohb-technology.de E-Mail: ir@ohb-technology.de (c)DGAP 22.03.2006 ————————————————————————— language: English emitter: OHB Technology AG Karl-Ferdinand-Braun-Str. 8 28359 Bremen Deutschland phone: +49 (0)421 2020 8 fax: +49 (0)421 2020 613 email: ir@ohb-technology.de WWW: www.ohb-technology.de ISIN: DE0005936124 WKN: 593612 indexes: stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, Hamburg, Düsseldorf End of News DGAP News-Service —————————————————————————