OHB SE — Earnings Release 2007

Nov 13, 2007

News Details

Corporate | 13 November 2007 07:10

OHB Technology AG: Total revenues for nine months 2007 increase to EUR 152.2 million (previous year: EUR 129.9 million)

OHB Technology AG / Quarter Results

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• Total revenues for nine months 2007 increase to EUR 152.2 million
  (previous year: EUR 129.9 million)
• Nine months earnings of 64 Cent per share (previous year: 60 Cent)
• Forecast for full year 2007 earnings raised to 78 Cent per share
• First-time consolidation of Kayser-Threde GmbH leads to an increased
  forecast of total revenues of EUR 220 million for 2007

Bremen, November 13, 2007. The OHB Technology AG’s (Prime Standard, ISIN:
DE0005936124) total revenues in the first nine months of 2007 came to EUR
152.2 million, well up on the year-ago figure of EUR 129.9 million.
Increase in total revenues in the third quarter of 2007 due to the
first-time consolidation of Kayser-Threde GmbH (share attributable EUR 9.9
million) to EUR 59.1 million (previous year: EUR 44.3 million) should be
mentioned especially.

EBITDA rose to EUR 6.2 million in the third quarter of 2007 (previous year:
EUR 5.3 million). EBIT came to EUR 4.0 million (previous year: EUR 3.5
million). Consolidated net income for the third quarter amounted to EUR 2.8
million (previous year: EUR 2.2 million).

In the first nine months of 2007, the Group generated EBITDA of EUR 16.7
million (previous year: EUR 20.9 million) and EBIT of EUR 10.7 million
(previous year: EUR 15.5 million). EBITDA adjusted for consolidation
effects stood at EUR 15.9 million in 2007 (2006 adjusted for non-recurring
earnings of some EUR 7.0 million in the second quarter of 2006: EUR 13.9
million), while adjusted EBIT came to EUR 10.3 million in 2007 (2006
adjusted: EUR 8.5 million).

At EUR 46.1 million, unconsolidated total revenues in the Space Systems +
Security business unit were well up on the previous year (EUR 38.3
million), resulting in a slightly higher EBIT margin of 8.7% compared with
the first half of 2007 (8.5 %) without reaching the previous year’s
excellent figure of 10.2%.

The newly acquired company Kayser-Threde GmbH together with its
subsidiaries and associates comprise the Payloads + Science business unit,
consolidated for the first time on July 1 of this year. This business unit
generated unconsolidated total revenues of EUR 9.9 million in the third
quarter of 2007. With EBITDA of EUR 0.8 million and EBIT of EUR 0.3
million, this business unit’s bottom line offers potential for considerable
improvements over the next quarters.

With an increase in unconsolidated total revenues to EUR 87.3 million in
the first nine months of 2007 (previous year: EUR 75.9 million), the Space
Transportation + Aerospace Structures business unit dominates the Group’s
performance. EBITDA of EUR 9.2 million (previous year: EUR 6.8 million) and
a substantial increase in EBIT to EUR 6.5 million (previous year: EUR 3.9
million) yielded correspondingly wider margins, thus testifying to the
steady upward movement in MT Aerospace AG’s earnings.

The Telematics + Satellite Operations business unit reported unconsolidated
total revenues of EUR 12.2 million in the first nine months of 2007
(previous year: EUR 10.9 million). EBITDA fell to EUR 1.1 million (previous
year: EUR 1.6 million) on account of a substantial increase in the cost of
materials related to the production of telematics systems. Continued high
depreciation expense caused EBIT to decline to virtually zero (previous
year: EUR 0.6 million).

Despite all the exceptionals recorded in both years, net income for the
first nine months of 2007 came to EUR 9.5 million (previous year: EUR 9.0
million), benefiting from the substantially lower tax rate in anticipation
of the positive effects of the 2008 corporate tax reform. Earnings per
share of EUR 0.64 were achieved in the first nine months of 2007 (previous
year: EUR 0.60; 2006 adjusted: EUR 0.31).

The payment of the acquisition price for Kayser-Threde and the subscription
to the capital increase at SpaceDev were the two largest items contributing
to the decline of around EUR 15.7 million in the Group’s liquid funds
(including changes to securities held) to EUR 73.7 million as of September
30, 2007 (previous year: EUR 89.4 million).

Firm orders were valued at EUR 476.0 million as of September 30, 2007
(previous year: EUR 433.0 million), with the orders of EUR 308.4 million
(previous year: EUR 311.4 million) received by MT Aerospace making a key
contribution after consolidation. The volume of additional orders arising
as a result of the first-time consolidation of Kayser-Threde is valued at
EUR 27.1 million.

'For 2007 as a whole, the Management Board expects consolidated total
revenues of around EUR 220 million and EBIT of roughly EUR 18 million for
the OHB Group including Kayser-Threde, which was consolidated for the first
time on July 1, 2007.' concludes Marco R. Fuchs CEO of OHB Technology the
earnings forecast and elaborates further, 'on the strength of the favorable
exceptional effect of around EUR 0.17 caused by the share in ORBCOMM’s
profits in the second quarter plus the effects of corporate tax reform in
Germany, the full-year earnings forecast has been increased to EUR 0.78 per
share.'

Key figures000(EUR) Q3 / 2006 Q3 / 2007 9M 2006 9M 2007 +/- 9M
2007/06
Sales 37,023 62,816 108,000 146,288 + 35.5%
Total revenues 44,334 59,149 129,864 152,180 + 17.2%
EBITDA 5,286 6,246 20,926 16,739 - 20.0%
EBIT 3,464 3,982 15,479 10,718 - 30.8%
EBT 3,829 3,386 15,826 12,899 - 18.5%
Net income for the 2,197 2,830 8,990 9,528 + 6.0%
period
EPS in EUR 0.14 0.19 0.60 0.64 + 6.7%
Cash and cash 85,584 73,655 85,584 73,655 - 13.9%
equivalents

Contact:
OHB Technology AG
Michael Vér, Investor Relations
Karl-Ferdinand-Braun-Str. 8
28359 Bremen / Germany
Tel.: +49 (0)421 2020-8
Fax: +49 (0)421 2020-613
Internet: http://www.ohb-technology.de
E-Mail: ir@ohb-technology.de

13.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: OHB Technology AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Deutschland
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb-technology.de
Internet: www.ohb-technology.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Düsseldorf, Stuttgart

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