DGAP-News: OHB SE: Financial figures for 2019: OHB SE remains on growth path - key figures exceed previous year"s figures

2019. március 20., szerda, 08:00





DGAP-News: OHB SE / Key word(s): Annual Results


OHB SE: Financial figures for 2019: OHB SE remains on growth path - key figures exceed previous year"s figures


20.03.2019 / 08:00



The issuer is solely responsible for the content of this announcement.



- Total revenues of EUR 1 billion as forecasted achieved



- EBITDA guidance of EUR 65 million exactly achieved, EBIT guidance of EUR 47 million slightly exceeded at EUR 48 million



- Positive operating cash flow of EUR 60 million achieved



- Proposal to increase dividend from EUR 0.40 in the previous year to EUR 0.43 for fiscal year 2018



- Order backlog remains high at EUR 2.4 billion (previous year EUR 2.4 billion)




Bremen, March 20, 2019: The Management Board of OHB SE (ISIN: DE0005936124, Prime Standard) presents its audited 2018 consolidated financial statements at today"s annual press conference in Bremen.



In the 2018 financial year, the Group"s total revenues reached EUR 1,000 million (previous year: EUR 860 million). EBITDA rose to EUR 65.0 million (previous year: EUR 58.8 million), the EBITDA margin reached 6.5% after 6.8% in the previous year. EBIT increased to 47.8 (previous year: EUR 44.2 million). The EBIT margin changed to 4.8% (previous year: 5.1%).

Consolidated net income rose to EUR 28.4 million (previous year: EUR 27.7 million), bringing earnings per share to EUR 1.44 (diluted and undiluted) for fiscal year 2018, up from EUR 1.34 in the previous year. The operating cash flow amounted to EUR 60.2 million on the balance sheet date (previous year: EUR 35.0 million). The reduction in equity due to changes in accounting standards amounted to EUR 200.0 million as of the balance sheet date (previous year EUR 207.3 million). As the balance sheet total also increased to EUR 753.6 million compared to the previous year"s reporting date (EUR 719.7 million), the equity ratio fell to 26.5% (previous year: 28.8%).



In 2018, the business unit "Space Systems" achieved increased total revenues of EUR 809.5 million (previous year: EUR 661.3 million). EBIT in this business unit rose sharply from EUR 24.1 million in the previous year to EUR 32.6 million. The EBIT margin in relation to unconsolidated total revenues thus amounts to 4.0% after 3.6% in the previous year. The unconsolidated total revenues generated by the business unit "Aerospace + Industrial Products" fell from EUR 211.9 million to EUR 197.6 million in fiscal 2018. This resulted in a reduced EBIT of EUR 15.7 million for the business unit (previous year: EUR 20.2 million). The EBIT margin fell to 7.9% (previous year: 9.5%).



The Management Board and Supervisory Board will propose a dividend of EUR 0.43 per share (previous year EUR 0.40) to the Annual General Meeting for the financial year 2018. The Group"s cash and cash equivalents (including securities) amounted to EUR 48.7 million as of 31 December 2018 (previous year: EUR 59.0 million).



At EUR 2,399 million (previous year: EUR 2,439 million), the order backlog remains at a very high level. The Space Systems business unit represents the majority of the order backlog of EUR 2,231 million, while the Aerospace + Industrial Products business unit has an order backlog of EUR 168 million. This ensures good planning predictability for the future.



For the full year 2019, the Management Board expects consolidated total revenues of EUR 1.05 billion. EBITDA and EBIT are expected to reach EUR 80 million and EUR 50 million, respectively.



The complete 2018 consolidated financial statements of OHB SE will be published at today"s (March 20, 2019) press conference in Bremen and the subsequent analysts" meeting in Frankfurt am Main.



Annual press conference at 08:30 a.m. on March 20, 2019

on the site of OHB SE in Bremen



Analysts" conference (DVFA) at 13:00 on March 20, 2019

on the site of DZ Bank AG in Frankfurt am Main























































































Key performance indicators at a glance         +/-
(EUR 000s) 2015 2016 2017 2018 2017/18
Sales 719,706 699,184 825,894 976,551 +18.2%
Total revenues 730,368 728,386 859,689 1,000,392 +16.4%
EBITDA 52,135 55,081 58,809 65,013 +10.5%
EBIT 40,214 42,700 44,223 47,751 +8.0%
EBT 36,698 38,009 42,238 44,092 +4.4%
Consolidated net profit 25,385 25,575 27,724 28,393 +2.4%
Net income for the period 20,975 22,212 23,355 24,998 +7.0%
after minority interests          
EPS in EUR 1.21 1.28 1.34 1.44 +7.0%
Dividend per share *)

in EUR
0.40 0.40 0.40 0.43* +7.5%
Cash and cash equivalents 62,052 57,584 59,258 48,651 -17,9%
including securities          

 

*) 2018: Subject to approval by the shareholders at the AGM





Contact:

Investor Relations

Martina Lilienthal

Tel.: +49 421 - 2020-720

Fax: +49 421 - 2020-613

E-Mail: martina.lilienthal@ohb.de



Corporate Communications

Günther Hörbst

Tel.: +49 421 - 2020-9438

E-Mail: guenther.hoerbst@ohb.de














20.03.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: OHB SE

Manfred-Fuchs-Platz 2-4

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, Tradegate Exchange





 
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789265  20.03.2019 



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