DGAP-News: OHB AG: * Total revenues increase to a record of

DGAP-News: OHB AG / Key word(s): Half Year Results OHB AG: * Total revenues increase to a record of EUR 310.4 million (up 9%) *Net profit for the first half up 18% to EUR 8.4 million *Earnings per share up 20% to EUR 0.48 during the first six month *Order backlog rises to EUR 2.3 billion (July 2013) 14.08.2013 / 07:01 --------------------------------------------------------------------- - Total revenues increase to a record of EUR 310.4 million (up 9%) - Net profit for the first half up 18% to EUR 8.4 million - Earnings per share up 20% to EUR 0.48 during the first six month - Order backlog rises to EUR 2.3 billion (July 2013) Bremen, August 14, 2013. OHB AG's (Prime Standard, ISIN: DE0005936124) total revenues rose by EUR 26.5 million or 9% to EUR 310.4 million in the first half of 2013 over the previous year especially driven by a strong second quarter. At EUR 178.8 million, the cost of materials climbed by 11% year on year in the first six months of 2013.The 8.5% increase in personnel costs to EUR 88.9 million was chiefly due to the recruitment of an additional 41 new employees. EBITDA rose slightly by just under 2% to EUR 23.0 million in the first half of the year. After depreciation/amortization, EBIT also climbed by just under 2% to EUR 15.3 million. At EUR 2.5 million, net finance expense was down on the previous year's figure of EUR 3.2 million. All told, profit from ordinary business thus increased by 8% from EUR 11.9 million in the previous year to EUR 12.8 million in the period under review. After income tax expense, which dropped slightly from EUR 4.3 million in the previous year to EUR 4.1 million, OHB AG earned net consolidated profit for the period of EUR 8.7 million, i.e. 15% up on the same period in the previous year. At EUR 8.4 million, the net profit for the period attributable to OHB's shareholders after non-controlling interests was up 18% over the same period in the previous year. Earnings per share climbed by 20% to EUR 0.48 in the first half of 2013, driven for the most part by the improved profitability of the Space Systems segment in the second quarter of 2013. In the first six months of 2013, non-consolidated total revenues in the Space Systems business unit climbed by EUR 20.9 million or 11% over the year-ago period to EUR 205.8 million. At the same time, the cost of materials and services purchased increased at almost the same rate by EUR 11.9 million or 10% to EUR 130.4 million. Segment EBIT improved by a disproportionately strong EUR 2.3 million or 21% to EUR 12.7 million. The EBIT margin relative to non-consolidated total revenues thus widened to 6.2%, up from 5.7% in the previous year. The EBIT margin relative to the business unit's own manufacturing input expanded from 14.1% in the previous year to 15.4% in the period under review. In the first six months of 2013, non-consolidated total revenues in the Aerospace + Industrial Products business unit climbed by EUR 5.2 million or 5% over the year-ago period to EUR 108.4 million. At the same time, the cost of materials and services purchased increased by a swifter 12% to EUR 51.5 million. As a result, segment EBIT dropped by EUR 1.9 million to EUR 2.6 million, with the EBIT margin relative to non-consolidated total revenues narrowing to 2.4%, down from 4.4% in the same period of the previous year. The EBIT margin relative to the segment's own manufacturing input came to 2.5% (previous year: 4.8%). On July 2, 2013, OHB System AG signed a contract with the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) for the development and construction of the SARah satellite-based radar reconnaissance system. The contract has a total value of EUR 816 million. Therefore OHB Group's firm order backlog resulted currently in an unprecedented EUR 2.3 billion. At the end of the first six months of 2013, the firm orders held by the OHB Group were valued at EUR 1.5 billion, thus falling short of the previous year by EUR 0.3 billion. Of this, OHB System AG accounted for EUR 1.1 billion or around 73%. At EUR 31.3 million at the end of the period under review, cash and cash equivalents (net of securities) were down EUR 90.9 million on the previous year as the prepayments already received were used in the production and integration phase of ongoing projects as planned. As of June 30, 2013, the OHB Group's total assets were down 5% or EUR 27.6 million compared with December 31, 2012, dropping to EUR 511.2 million. The equity ratio improved to 23.5% as of June 30, 2013 due to the reduction in total assets, up from 21.8% as of December 31, 2012. The Management Board expects continued growth in 2013, with the OHB Group's consolidated total revenues climbing to more than EUR 700 million, underpinned by both business units, whose total revenues will be up on 2012 levels. At over EUR 53 million and EUR 36 million respectively, EBITDA and EBIT will also be higher year on year in 2013. It should be expressly noted in connection with forward-looking statements that actual events may differ materially from expectations of future performance. Key performance indicators at a glance EUR 000s +/- H1 Q2 / 2012 Q2 / 2013 H1 / 2012 H1 / 2013 2013/12 Sales 158,213 161,304 266,364 292,962 +10.0 % Total revenues 157,496 166,774 283,868 310,399 +9.3 % EBITDA 9,923 12,602 22,554 22,968 +1.8 % EBIT 6,156 8,766 15,048 15,328 +1.9 % EBT 4,358 7,569 11,856 12,800 +8.0 % Net profit for the period after minority interests 2,746 4,991 7,054 8,353 +18.4 % EPS in EUR 0.15 0.29 0.40 0.48 +20.0 % Cash and cash equivalents incl. securities 130,778 36,171 130,778 36,171 -72.3 % *The FOC (full operational capability) phase of the Galileo program is being funded and executed by the European Union. The European Commission and the European Space Agency ESA have signed a contract under which ESA acts as the development and sourcing agency on behalf of the Commission. The view expressed here does not necessary reflect the official position of the European Union and/or ESA. 'Galileo' is a registered trademark owned by the EU and ESA and registered under OHIM application number 002742237. Contact: Martina Lilienthal Investor Relations Phone: +49 421 2020 720 Fax: +49 421 2020 613 Mail to: martina.lilienthal@ohb.de www.ohb.de The six-month interim report 2013 and further Information are available at: www.ohb.de End of Corporate News --------------------------------------------------------------------- 14.08.2013 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 --------------------------------------------------------------------- 225651 14.08.2013