OHB SE — Earnings Release 2015

Nov 11, 2015

News Details

Corporate | 11 November 2015 08:00

OHB SE: Total revenues in the amount of EUR 534.3 million after nine months, EBITDA of EUR 37.4 million (proforma + 15% vs. 9M/2014), EBIT of EUR 28.7 million (proforma + 20% vs. 9M/2014)

DGAP-News: OHB SE / Key word(s): 9-month figures

2015-11-11 / 08:00

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Total revenues in the amount of EUR 534.3 million after nine months
EBITDA of EUR 37.4 million (proforma + 15% vs. 9M/2014)
EBIT of EUR 28.7 million (proforma + 20% vs. 9M/2014)

Full-year guidance for 2015 confirmed

Firm orders still high at EUR 1,873 million

Bremen, November 11, 2015. Group key figures of OHB SE (Prime Standard;
ISIN: DE0005936124) in the 9-month-report are compared with previous year's
figures as well as pro forma results due to the deconsolidation of Aerotech
Peissenberg GmbH & Co. KG ("ATP") in mid May 2014.

The OHB Group's total revenues in the amount of EUR 534.3 million remained
stable after nine months over the same period of the previous year in
proforma terms (EUR 534.9 million resp. reported EUR 577.4 million). At
7.01%, the operating EBITDA margin was up on the proforma figure of 6.10%,
accompanied by EBITDA of EUR 37.4 million in the same period of the
previous year (EUR 32.7 million in proforma terms resp. reported EUR 40.7
million). The EBIT margin increased from 4.46% in proforma terms to 5.36%
in the first nine months of 2015 (resp. reported 5.28% in 2014), resulting
in EBIT of EUR 28.7 million (previous year: EUR 23.9 million proforma resp.
reported EUR 30.5 million).

Net finance expense got better by EUR 2.1 million over the previous year to
EUR 2.1 million. After income tax of EUR 8.2 million in the first nine
months of 2015, the OHB Group achieved consolidated net profit for the
period of EUR 18.4 million. In the previous year, the consolidated net
profit of EUR 26.2 million after nine months had been inflated by the
recognition of income tax assets at the level of one of the subsidiaries
which had reduced tax expense to EUR 0.1 million. At EUR 15.9 million in
the first nine months of 2015, the consolidated net profit for the period
attributable to OHB's shareholders after non-controlling interests dropped
by EUR 7.5 million over the same period of the previous year primarily as a
result of the aforementioned deconsolidation and tax effects.

At EUR 34.4 million at the end of the period under review, cash and cash
equivalents (net of securities) fell short of the previous year's high
figure (EUR 66.7 million). Thus reduced Group net debt amounted to EUR 88.7
million compared to EUR 110.1 million at half year-end 2015.

Total consolidated assets increased by EUR 11.9 million or just under 2% to
EUR 652.5 million as of September 30, 2015 (December 31, 2014: EUR 640.6
million). Consolidated equity expanded by EUR 12.5 million to EUR 159.7
million. At 24% as of September 30, 2015, the equity ratio was thus
slightly up on the figure of 23% reported as of December 31, 2014.

At the end of the first nine months of 2015, the firm orders held by the
OHB Group were valued at EUR 1.873 billion, compared with EUR 2.102 billion
in the previous year. With that the relevant workload is calculation-wise
fixed for more than two years.

The Management Board confirmed again the outlook for the Group as a whole
in 2015 and expects continued growth in the OHB Group's consolidated total
revenues to more than EUR 800 million in 2015. EBITDA should exceed EUR 53
million and EBIT 40 million in 2015. Given the greater order backlog and
upbeat outlook for the current year, we assume that the Group's net assets
and financial condition will also remain strong.

Key performance indicators at a glance

EUR (000s) Q3/2014 Q3/2015 9M/2014
Sales 151,712 222,294 536,968
Total revenues 162,992 219,043 577,380
EBITDA 12,808 15,210 40,724
EBIT 10,012 12,350 30,514
EBT 8,801 11,819 26,345
Consolidated net profit after
minority interests 4,251 7,255 23,438
EPS in EUR 0.25 0.42 1.35
Cash and cash equivalents
incl. securities 71,573 38,076 71,573

                                                                 +/- 9M

EUR (000s) 9M/2014 9M/2015 2015/2014
proforma proforma
Sales 497,968 507,959 + 2.0 %
Total revenues 534,912 534,333 - 0.1 %
EBITDA 32,652 37,433 + 14.6 %
EBIT 23,880 28,659 + 20.0 %
EBT 26,553
Consolidated net
profit after
minority interests 15,936
EPS in EUR 0.92
Cash and cash
equivalents
incl. securities 38,076

The nine-month interim report 2015 and further Information are available
at: www.ohb.de

Contact:
Investor Relations
Martina Lilienthal
Tel.: +49 421 - 2020-720
Fax: +49 421 - 2020-613
E-Mail: martina.lilienthal@ohb.de

Corporate Communications
Martin Stade
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: martin.stade@ohb.de

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2015-11-11 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir@ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of News DGAP News Service

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