Consolidated financial statements 2024

EQS-News: OHB SE / Key word(s): Annual Results
Consolidated financial statements 2024
20.03.2025 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

OHB SE: Consolidated financial statements 2024
  • Total revenues amount to EUR 1,030 million
  • Adjusted EBITDA reaches EUR 111 million after EUR 87 million in the previous year (+28 %)
  • Dividend recommendation amounts to EUR 0.60
In fiscal year 2024, the OHB Group (ISIN: DE0005936124, Prime Standard) generated total revenues of EUR 1,030.2 (previous year: EUR 1,182.8 million). The operating result (EBITDA) decreased from EUR 162.1 million in the previous year to EUR 53.2 million. The operating EBITDA margin thus fell to 5.2 % in the reporting period, compared to 13.7 % in the previous year. EBIT deteriorated to EUR 14.1 million, compared to EUR 125.0 million in the previous year. The corresponding EBIT margin decreased accordingly from 10.6 % in the same period of the previous year to 1.4 %. In fiscal year 2023, various effects, which had a negative impact on profitability, were more than offset by the fair-value remeasurement of equity interests and financial assets. The result for fiscal year 2024 is characterized by a project-related risk provision and expenses related to the Group-wide transformation process. Adjusted for these special effects, EBITDA reached EUR 111.1 million in fiscal year 2024, compared to EUR 87.1 million in the previous year.

As in the previous year, the Management Board and Supervisory Board will propose a dividend of EUR 0.60 per share for fiscal year 2024 to the Annual General Meeting.

In the SPACE SYSTEMS segment, the launch of the Hera asteroid mission marked a milestone in European space exploration. In the further course of the year, OHB was awarded the contract for the construction of a probe based on Hera for the Ramses mission. With new orders for the IRIDE constellation and the ESA “Earth Explorer” mission Harmony as well as the successful launch of the Arctic Weather Satellite, OHB was able to once again successfully position itself in the field of Earth observation. The successful first launch of the European Ariane 6 launcher and the signing of an Authorization to Proceed for flight models 16 to 42 of Ariane 6 have led to a significant stabilization in the Ariane program in the AEROSPACE segment. In addition, it was possible to further expand the business as a supplier in the US market for launcher components. To this end, contracts were signed with both existing and new customers. In fiscal year 2024, the DIGITAL segment recorded its highest-ever order intake since its introduction in 2021, at EUR 170 million. In the process, OHB was able to further strengthen its own position in the field of downstream services for Earth observation data. The successful internationalization of the digital rail infrastructure business also marked an important success in this core target area of the segment.

The Group's firm order backlog remains at a very good level and stood at EUR 2,382 million, (previous year: EUR 1,749 million) as of the balance sheet date. The majority of the order backlog is represented by the SPACE SYSTEMS segment with a value of EUR 1,968 million, the order backlog in the AEROSPACE segment amounts to EUR 244 million and the DIGITAL reporting segment has an order backlog amounting to EUR 171 million. These values guarantee good planning security for the future.

OHB SE's complete consolidated financial statements for fiscal year 2024 will be presented in detail at today's hybrid annual press conference in Bremen and the subsequent virtual analyst conference.

Key performance indicators at a glance
in EUR 000

2021

2022

2023

2024

+/- 2023/2024

Revenues 905,001 944,520 1,047,796 1,001,490 -4 %
Total revenues 916,547 1,001,276 1,182,845 1,030,182 -13 %
EBITDA 83,618 99,282 162,119 53,185 -67 %
Adjusted EBITDA 83,618 99,282 87,061 111,109 +28 %
EBIT 47,021 63,196 125,022 14,121 -89 %
EBT 41,594 49,979 104,144 -820 -101 %
Consolidated net profit 27,749 32,226 85,881 903 -99 %
Share of OHB SE shareholders in net profit for the period 27,498 32,242 71,287 -196 -100 %
Earnings per share*)
in EUR
1.58 1.97 4.11 -0.01 -100 %
Dividend per share**)
in EUR
0.48 0.60 0.60 0.60 0 %
Cash and cash equivalents 96,618 106,110 141,126 118,019 -16 %

*)  from continuing operations attributable to the owners of the parent company
**) 2024: Subject to approval by the shareholders




Contact:
Media representatives:
Marianne Radel
Corporate Communications
Phone: +49 421 2020 9159
Email: marianne.radel@ohb.de


Investors and analysts:
Marcel Dietz
Investor Relations
Phone: +49 421 2020 6426
Email: ir@ohb.de


20.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.

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