DGAP-News: OHB SE: Total revenues in the amount of EUR

DGAP-News: OHB SE / Key word(s): 9-month figures 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) 11.11.2015 / 08:00 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 11.11.2015 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 --------------------------------------------------------------------- 411373 11.11.2015