DGAP-News: OHB AG: Total revenues increased by 11% to EUR

DGAP-News: OHB AG / Key word(s): Final Results OHB AG: Total revenues increased by 11% to EUR 700.1 million in 2013; EBIT increased by 17% to EUR 36.4 million; Earnings per share jumped by 32% to EUR 1.12 20.03.2014 / 08:30 --------------------------------------------------------------------- - Total revenues increased by 11% to EUR 700.1 million in 2013 - Operating income (EBITDA) increased by 15% to EUR 52.8 million, operating earnings (EBIT) increased by 17% to EUR 36.4 million - Earnings per share jumped by 32% to EUR 1.12 (prev. year: EUR 0.85) - Proposed dividend to be stabilized at 37 cents per share - Order backlog jumped to new record of EUR 2,340 million in 2013 Bremen, March 20, 2014. The Management Board of OHB AG (Prime Standard, ISIN: DE0005936124) presented the audited 2013 consolidated financial statements at today's annual accounts press conference in Bremen. Sales of the OHB Group increased to EUR 680.1 million (previous year: EUR 616.0 million). The increase of total revenues by 11%, respectively EUR 67.4 million resulted in a total of EUR 700.1 million in the reporting period. "We expect a further increase in total revenues to more than EUR 750 million in the current 2014 financial year," underlined Marco R. Fuchs, CEO of OHB AG the Group's positive outlook. Even stronger increase showed by 15% to a total of EUR 52.8 million (previous year: EUR 46.1 million) showed EBITDA and operating earnings (EBIT) with a 17% increase to EUR 36.4 million in the reporting period (previous year: EUR 31.0 million). Consolidated net profit after minority interests in the amount of EUR 19.4 million (previous year: EUR 14.8 million) resulted in earnings per share of EUR 1.12 (diluted and undiluted) in the 2013 financial year compared to EUR 0.85 in the previous year. As measures of operating performance, EBITDA and EBIT are also expected to significantly exceed the values for the previous year in 2014 at more than EUR 56 million (+6%) and more than EUR 39 million (+8%) respectively. Orders and the ongoing business in the "Space Systems" business unit developed very favorably. Unconsolidated total revenues increased significantly to EUR 484.5 million in 2013 (previous year: EUR 409.1 million). This positive trend is mainly due to advancements in the satellite programmes. The EBIT margin in relation to unconsolidated total revenues benefitted from the relatively stronger growth in total revenues versus cost of raw materials, goods purchased and of services bought and therefore increased slightly to 6.0% compared to 5.4% in the previous year. In absolute terms EBIT before consolidation in the business unit improved from EUR 22.2 million to EUR 29.0 million in the 2013 financial year. Unconsolidated total revenues of the "Aerospace + Industrial Products" business unit at EUR 223.1 million in the 2013 financial year felt slightly short of the previous year by EUR 8.6 million or 4%. Decrease in EBIT for the business unit to EUR 7.3 million (previous year: EUR 8.7 million) corresponds to a slightly decreased EBIT margin of 3.3% (previous year: 3.8%). The Management Board and Supervisory Board will propose again a dividend for the 2013 year of 37 cents per share to the annual general meeting. The company also plans to distribute a dividend for the current 2014 financial year. As of December 31, 2013 cash and cash equivalents of the Group (including securities) amounted to EUR 58.9 million (previous year: EUR 95.4 million). The still high order backlog jumped again significantly by 43% to EUR 2,340 million in total (previous year: EUR 1,640 million), mainly due to the successful acquisition of additional projects of already existing large projects in the "Space Systems" business unit. This business unit accounts for the major part with an amount of EUR 2,005 million (previous year: EUR 1,366 million) of order backlog while orders of the "Aerospace + Industrial Products" business unit increased also to EUR 335 Million (previous year: EUR 274 million) on the balance sheet date. A high level of planning reliability is assured for the future and high operational capacity utilization is guaranteed in all business units. The full 2013 consolidated annual financial statements of OHB AG will be discussed in detail at today's (March 20, 2014) annual accounts press conference in Bremen and the subsequent analyst conference in Frankfurt / Main. Annual accounts press conference at 8:30 am on March 20, 2014 at the premises of OHB AG in Bremen Analyst conference (DVFA) at 2:00 pm on March 20, 2014 at the premises of DZ Bank AG, Frankfurt / Main Overview of key +/- indicators 2009 2010 2011 2012*) 2013 2013/12 (EUR thousand) Sales 287,164 425,448 555,689 615,982 680,121 10.4% Total revenues 321,818 453,323 555,292 632,729 700,063 10.7% EBITDA 31,659 33,688 43,101 46,110 52,803 14.5% EBIT 20,771 22,730 27,276 30,997 36,353 17.3% EBT 18,039 15,384 19,517 23,979 29,728 24.0% Net income for the period after minority interests 14,860 9,642 13,523 14,818 19,436 31.2% EPS in EUR 0.96 0.55 0.78 0.85 1.12 31.8% Dividend per share **) 0.25 0.30 0.35 0.37 0.37 Cash and cash equivalents including securities 82,005 92,798 99,778 95,415 58,911 - 38.3% *) 2012: Figures adjusted due to the first implementation of IAS 19 revised **) 2013: Proposal for the annual general meeting 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: pr@ohb.de Home: www.ohb.de End of Corporate News --------------------------------------------------------------------- 20.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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: ir@ohb.de 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 --------------------------------------------------------------------- 258528 20.03.2014