HENSOLDT announces strong growth for fiscal year 2023 with a significant increase in orders and profitability

HENSOLDT AG has achieved significant growth during the fiscal year 2023, reaching revenues of 1.847 billion euros, up from the previous year (1.707 billion euros). This growth is attributed to a significant 16% increase in the company's core business. With an order volume of 2.087 billion euros, HENSOLDT exceeds the already high results of the previous year (1.993 billion euros).

Adjusted EBITDA increased to 329 million euros (compared to 292 million euros last year), with an adjusted EBITDA margin, excluding pass-through activities, in line with expectations at 19.9%. Free cash flow before taxes and adjusted surpassed the previous year's results by 40 million euros, reaching 259 million euros. These results reflect HENSOLDT's response to increased demand in the situational awareness and self-protection systems sectors, driven by global geopolitical tensions.

The company also plans to expand its portfolio of integrated sensor solutions through the planned acquisition of ESG Elektronik- und Logistik-GmbH. In the face of evolving global dynamics and a solid economic foundation, HENSOLDT continues to strengthen its position as a specialized provider of military and civilian sensor solutions.

In anticipation of this successful performance, the company is considering proposing a dividend of 0.40 euros per share, an increase from the previous year. For fiscal year 2024, HENSOLDT anticipates continued positive growth with revenues of around 2 billion euros and an expected adjusted EBITDA margin between 19% and 20%.