OHB SE Reports Mixed Financial Results for First Nine Months of 2024

In its 9-month interim report for 2024, OHB SE announced a 13% increase in adjusted EBITDA to EUR 72.5 million. However, total revenues decreased by 3% to EUR 715.8 million compared to last year. Operating EBITDA fell to EUR 62.4 million, reflecting an unchanged margin of 8.7%. EBIT also saw a decline, reaching EUR 34.7 million with a reduced margin of 4.8%.

The company’s order backlog grew significantly by 22%, amounting to EUR 2,120 million. Key contributions were from SPACE SYSTEMS and digital segments. Progress was evident with successful launches and strategic contracts in aerospace and defense.

A notable development was the completion of a takeover offer by Orchid Lux HoldCo S.à r.l., resulting in a 28.6% stake acquisition. This move aligns with OHB's plans to go private, reflecting strategic shifts towards long-term growth.