OHB SE — Earnings Release 2007

Mar 13, 2008

News Details

Corporate | 13 March 2008 07:15

OHB Technology AG: Total revenues increase 20 % to reach EUR 223 million in 2007

OHB Technology AG / Final Results

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• Total revenues increase 20 % to reach EUR 223 million in 2007
  (PY EUR 186 million), expected to gain another 30 % to EUR 290 million
  in 2008

• Continued increase in earnings to 84 cents per share (PY 81 cents)
  benefits from one-time effects of 23 cents per share (PY 29 cents)

• Dividend proposal of 25 cents per share for 2007 (PY 23 cents)

• Constantly high order backlog of EUR 447 million (PY EUR 448
  million)assures future growth

Bremen, March 13, 2008. At today’s annual press conference in Bremen, the
Management Board of OHB Technology AG (Prime Standard, ISIN: DE0005936124)
will present the audited consolidated financial statements 2007 and confirm
the positive forecast for the current fiscal year 2008 once more.

OHB Technology looks back on a successful year again. The market position
was further improved, due in part to the acquisition of Kayser-Threde GmbH.
The course of business was positive in all segments and resulted in an
increase of roughly 20 % in the Group’s total revenues of EUR 223 million
(previous year EUR 186 million); revenues of EUR 219 million were 34 %
above the prior-year level (163 EUR million). It must be taken into
consideration in this regard that Kayser-Threde GmbH has been included in
the consolidated financial statements as of July 1, 2007.

Non-consolidated total revenues in the business unit Space Technology +
Security rose to EUR 69.8 million (previous year EUR 63.0 million),
non-consolidated revenues increased to EUR 69.3 million (previous year EUR
59.0 million), and the EBIT amounted to EUR 6.4 million (previous year EUR
6.1 million).

Since July 1, 2007 the OHB Group’s business portfolio has been completed by
the business unit Payloads + Science. It is represented by Kayser-Threde
GmbH and its investments and subsidiaries. This unit generated
non-consolidated total revenues of EUR 23.1 million in the second half-year
2007 and revenues of EUR 29.9 million, with an EBIT of EUR 2.2 million.

The largest business unit Space Transportation + Aerospace Structures
raised its non-consolidated total revenues to EUR 119.4 million in 2007
(previous year EUR 103.4 million), the non-consolidated revenues increased
to EUR 110.6 million (previous year EUR 93.2 million), and the EBIT took a
leap to EUR 9.3 million (previous year 6.6 million).

The business unit Telematics + Satellite Operations achieved
non-consolidated total revenues of EUR 16.5 million in 2007, above the
level of the previous fiscal year (EUR 15.5 million). Non-consolidated
revenues came to EUR 14.5 million (previous year EUR 14.1 million) and the
EBIT was EUR 0.1 million (previous year EUR 0.7 million).

The continuous growth in profits over the past years gives proof of the
Group’s story of profitable growth, based both on organic and acquired
increase. The net income 2007 of EUR 12.5 million exceeded the prior-year
amount (EUR 12.0 million). This performance results in increased earnings
per share of 84 cents in 2007 (PY 81 cents), including positive one-time
effects to the amount of 23 cents per share (PY 29 cents per share). With
respect to finance income, the earnings per share were affected positively
to the amount of 17 cents by the proceeds from a sale of an interest in
ORBCOMM Inc. In addition, the corporate tax reform 2008 and the resulting
effects on deferred taxes led to an increase in earnings of 6 cents per
share. Adjusted by the respective one-time effects in the years 2007 and
2006, the earnings per share came to 61 cents in the year 2007 and 52 cents
in the previous year.

OHB Technology has totally fulfilled its forecast for the year 2007. At EUR
0.84, the earnings per share were 4 % above the prior-year amount.
Management Board and Supervisory Board will propose to the Annual General
Meeting to pay a dividend of 25 cents per share for the year 2007. It is
planned to pay a dividend next year for the current fiscal year 2008 again.
The Group’s traditionally high liquidity amounted to EUR 73.1 million as of
December 31, 2007 (previous year EUR 89.5 million).

The constantly high order backlog of EUR 447 million as of the end of the
year 2007 (previous year EUR 448 million) safeguards the Group’s continued
growth. For the current fiscal year 2008, the Management Board anticipates
a considerable increase in the OHB Group’s consolidated total revenues to
roughly EUR 290 million (+30 %), to which all business units are expected
to contribute with respective total revenues above their 2007 levels. The
result of operations (EBIT) is expected to rise to roughly EUR 23 million
in 2008 (+30 %). With respect to earnings per share, an increase in the
adjusted earnings per share from 61 cents to approximately 80 cents is
expected for 2008; special items are currently not anticipated.

The complete consolidated financial statements 2007 of OHB Technology AG
will be explained in detail at today’s (March 13, 2008) annual press
conference in Bremen and at the subsequent analysts’ conference in
Frankfurt/Main.

Annual press conference at 8.30 a.m. on March 13, 2008
on the premises of OHB Technology AG in Bremen

Analysts’ conference (DVFA) at 3.00 p.m. on March 13, 2008
on the premises of DZ Bank AG,
Platz der Republik, 60265 Frankfurt/Main

Overview of financialfigures 2005 2006 2007 +/- 2007/06
(EUR '000)
Revenues 113,829 163,147 218,801 + 34 %
Total revenues 117,057 185,699 223,340 + 20 %
EBITDA 19,325 27,936 25,903 - 7 %
EBIT 14,080 20,428 17,486 - 14 %
EBT 13,745 21,982 18,373 - 16 %
Net income 10,678 12,016 12,478 + 4 %
EPS in EUR 0.72 0.81 0.84 + 4 %
EPS in EUR (adjusted by one-time 0.36 0.52 0.61 + 17 %
effects)
Dividend per share*) in EUR 0.20 0.23 0.25 + 9 %
Liquid assets (incl. securities) 95,084 89,502 73,058 - 18 %

*) 2007 Proposal to the AGM

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

13.03.2008 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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