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OHB SE — Earnings Release 2012
Nov 7, 2012
315_rns_2012-11-07_ef6bff07-953d-48d8-9b47-85e81b7e5a4e.html
Earnings Release
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Corporate | 7 November 2012 07:15
OHB AG: OHB increases all operating key figures significantly in the first nine months 2012
OHB AG / Key word(s): Quarter Results
07.11.2012 / 07:15
OHB increases all operating key figures significantly
in the first nine months 2012
-
Total revenues up 17% to EUR 429.1 million (previous year: EUR 367.5
million) -
EBITDA increased to EUR 33.5 million (+22%) and EBIT rose by 35% to EUR
22.1 million -
Earnings per share improved to EUR 0.63 (+31%)
Bremen, November 7, 2012. In the first nine months of 2012, the OHB Group's
(Prime Standard, ISIN: DE0005936124) total revenues rose by EUR 61.6
million or 17% to EUR 429.1 million.
In the period under review, EBITDA was up EUR 6.0 million or 22%, rising to
EUR 33.5 million. EBIT climbed by EUR 5.7 million or 35% to EUR 22.1
million. Net finance expense contracted by EUR 0.8 million over the
previous year to EUR 4.8 million. All told, profit from ordinary business
activity came to EUR 17.3 million in the period under review, rising from
EUR 10.8 million in the previous year, equivalent to an increase of 60%.
After income tax expense, which climbed from EUR 2.6 million in the
previous year to EUR 5.7 million, the OHB Group earned net consolidated
profit for the period of EUR 11.6 million, i.e. 41% up on the same period
in the previous year. At EUR 11.0 million, the net profit for the period
attributable to OHB's shareholders after minority interests rose by 32%
over the same period in the previous year. Earnings per share improved to
EUR 0.63 (+31%)
In the first nine months of 2012, non-consolidated total revenues in the
Space Systems business unit climbed by EUR 48.6 million or 21% over the
year-ago period to EUR 281.4 million. Segment EBIT improved by EUR 4.4
million or 37% to EUR 16.4 million. The EBIT margin relative to
non-consolidated total revenues thus widened to 5.8%, up from 5.2% in the
previous year. The EBIT margin relative to the business unit's own
manufacturing input expanded from 10.1% in the previous year to 13.8% in
the period under review.
Non-consolidated total revenues in the Aerospace + Industrial Products
business unit climbed by EUR 16.0 million or 12% over the year-ago period
to EUR 154.4 million in the first nine months of 2012. Segment EBIT climbed
by EUR 3.2 million to EUR 5.7 million, with the EBIT margin relative to
non-consolidated total revenues widening to 3.7%, up from 1.8% in the same
period of the previous year. The EBIT margin relative to the segment's own
manufacturing input increased to 4.0% (previous year: 2.0%).
At the end of the first nine months of 2012, the firm orders held by the
OHB Group were valued at EUR 1.7 billion, up from EUR 1.1 billion in the
previous year. Of this, OHB System AG accounted for EUR 1.2 billion or
around 70%.
Cash and cash equivalents (net of securities) were down EUR 25.4 million on
the previous year, standing at EUR 83.2 million at the end of the period
under review. As of September 30, 2012, the OHB Group's total assets were
up marginally by 2% or EUR 10.8 million compared with December 31, 2011,
rising to EUR 539.1 million. Consolidated equity climbed by EUR 6.9
million, with the equity ratio coming to 22% as of September 30, 2012, i.e.
unchanged over December 31, 2011.
The Management Board expects continued growth in 2012, with consolidated
total revenues set to climb to more than EUR 620 million, underpinned by
the two business units, both of which will post greater total revenues. At
over EUR 46 million and EUR 30 million, respectively, EBITDA and EBIT will
also be up substantially on the previous year in 2012.
Key performance indicators at a glance
(EUR 000s) Q3 / Q3 / 9M / 9M / +/- 9M
2011 2012 2011 2012 2012/11
Sales 133,859 139,960 343,108 406,324 +18.4 %
Total revenues 129,115 145,247 367,511 429,115 +16.8 %
EBITDA 11,479 10,971 27,544 33,512 +21.7 %
EBIT 7,377 7,090 16,384 22,125 +35.0 %
EBT 4,889 5,474 10,801 17,317 +60.3 %
Net profit for
the period after
minority interests 3,661 3,936 8,347 10,977 +31.5 %
EPS in EUR 0.21 0.23 0.48 0.63 +31.3 %
Cash and cash
equivalents
incl. securities 117,947 91,847 117,947 91,847 -22.1 %
The nine-month report 2012 and further Information are available at:
www.ohb.de
Contact:
Investor Relations
Michael Vér
Tel.: +49 421 - 2020-727
Fax: +49 421 - 2020-613
E-Mail: [email protected]
Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: [email protected]
End of Corporate News
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Language: English
Company: OHB AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: [email protected]
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
191742 07.11.2012