DGAP-News: OHB SE: Total revenues of EUR 153.2 million for

DGAP-News: OHB SE / Key word(s): Quarter Results OHB SE: Total revenues of EUR 153.2 million for the first quarter 2015, EBITDA reached EUR 10.8 million, EBIT at EUR 7.8 million, Slight improvement in operating margins: Increase in EBITDA margin from 6.96% to 7.01% 13.05.2015 / 08:00 --------------------------------------------------------------------- Total revenues of EUR 153.2 million for the first quarter 2015, EBITDA reached EUR 10.8 million EBIT at EUR 7.8 million Slight improvement in operating margins: Increase in EBITDA margin from 6.96% to 7.01% Increase in EBIT margin from 5.02% to 5.08% Firm orders still high at EUR 2,046 million (previous year including ATP: EUR 2,246 million) Guidance for the business year 2015 confirmed (total revenues >EUR 800 million, EBITDA >EUR 53 million, EBIT >EUR 40 million) Bremen, May 13, 2015. In the first three months of 2015, the OHB Group's total revenues dropped by EUR 54.6 million or 26% over the same period in the previous year to EUR 153.2 million (previous year including ATP: EUR 207.9 million, pro forma excl. ATP EUR 186.0 million). Following the deconsolidation of ATP, the absolute figures for the previous year, particularly those in the income statement, are not directly comparable with the figures for the current year. On the other hand, the relative comparison figures, e.g. margins or ratios, are not materially affected. In the period under review, the cost of materials fell by EUR 45.2 million or 33% to EUR 91.2 million also as a result of the deconsolidation of ATP, which is characterized by a high volume of production. EBITDA changed to EUR 10.8 million (previous year including ATP: EUR 14.5 million, pro forma excl. ATP EUR 12.0 million). Depreciation and amortization expense dropped by 27% from EUR 4.1 million in the previous year to EUR 3.0 million in the period under review. The EBIT margin widened from 5.02% to 5.08% in the first quarter of 2015, resulting in EBIT of EUR 7.8 million in the first three months (previous year including ATP: EUR 10.4 million, pro forma excl. ATP EUR 8.9 million). Net finance expense contracted by EUR 1.1 million over the previous year to EUR 0.6 million. At EUR 7.2 million, profit from ordinary business activities at the end of the first three months of 2015 was down EUR 1.5 million or 17% on the same period in the previous year. After income tax expense, the OHB Group earned net consolidated profit for the period of EUR 4.7 million, i.e. EUR 1.8 million lower than in the same period in the previous year. At EUR 4.3 million, the net profit for the period attributable to OHB's shareholders after non-controlling interests dropped by EUR 1.7 million over the same period of the previous year. In the first three months of 2015, non-consolidated total revenues in the Space Systems business unit contracted by EUR 32.5 million or 22% over the year-ago period to EUR 118.3 million. At the same time, the cost of materials and services purchased decreased by EUR 32.2 million or 30% to EUR 75.7 million. Segment EBIT fell by EUR 1.7 million or 23% to EUR 5.7 million, with the EBIT margin relative to non-consolidated total revenues remaining virtually unchanged at 4.8% (previous year: 4.9%). The changes in the figures for the Aerospace + Industrial Products business unit in the first quarter compared with the same period of the previous year are materially due to the deconsolidation of ATP. In the first three months of 2015, non-consolidated total revenues in the Aerospace + Industrial Products business unit fell by EUR 22.2 million or 38% over the year-ago period to EUR 36.1 million. The cost of materials and services purchased declined by 44% from EUR 29.4 million in the year-ago period to EUR 16.4 million in the period under review. Segment EBIT dropped by EUR 1.2 million to EUR 1.9 million, with the EBIT margin relative to non-consolidated total revenues narrowing to 5.1%, down from 5.3% in the same period of the previous year. At the end of the first three months of 2015, the firm orders held by the OHB Group were valued at EUR 2.046 billion, down from EUR 2.246 billion in the previous year. Of this, OHB System AG accounted for EUR 1.348 billion or around 66%. Cash and cash equivalents (net of securities) came to EUR 52.0 million at the end of the period under review and were thus largely unchanged over the previous year (EUR 53.5 million). Total consolidated assets increased by EUR 42.9 million or just under 7% to EUR 683.5 million as of March 31, 2015 (December 31, 2014 : EUR 640.6 million). Consolidated equity expanded by EUR 5.0 million to EUR 152.2 million. Accordingly, the equity ratio came to 22% as of March 31, 2015 and was thus virtually unchanged over December 31, 2014 (just under 23%). Following the entry in the commercial register in March 2015, OHB AG has officially adopted the legal structure of a Societas Europaea and is therefore now known as OHB SE. The Management Board 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 high 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 Key performance indicators 3M +/- at a glance (EUR 000s) Q1/2014 Q1/2015 2015/14 Sales 193,104 132,698 -31.3 % Total revenues 207,860 153,249 -26.3 % EBITDA 14,485 10,750 -25.8 % EBIT 10,435 7,786 -25.4 % EBT 8,754 7,215 -17.6 % Net profit for the period after minority interests 6,038 4,336 -28.2 % EPS in EUR 0.35 0.25 -28.6 % Cash and cash equivalents incl. securities 58,549 57,048 -2.6 % The three-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 --------------------------------------------------------------------- 13.05.2015 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. The DGAP 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 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 --------------------------------------------------------------------- 356897 13.05.2015