OHB SE Reports Significant Growth in 2023 Financial Results

OHB SE announced enhanced financial outcomes for 2023, with total revenues increasing to EUR 1,183 million from EUR 1,001.3 million the previous year. A notable uplift was seen in EBITDA, climbing to EUR 162.1 million from EUR 99.3 million in 2022. The company also reported a significant growth in consolidated net profit, which rose by 166% to EUR 85.9 million. Operational results were positive, with an increase in EBIT from EUR 63.2 million to EUR 125 million, leading to a higher EBIT margin of 10.6%.

Despite challenges such as inflation and transaction costs, OHB SE managed to deliver strong financial performance, aided by fair-value remeasurement of equity interests and financial assets. The firm’s order backlog remains robust at EUR 1,749 million, predominately in the SPACE SYSTEMS segment. The dividend recommendation stands firm at EUR 0.60 per share, consistent with the previous year.

In terms of business segments, the SPACE SYSTEMS played a crucial role in market advancement while DIGITAL and AEROSPACE segments also saw positive developments. Looking ahead, the company forecasts revenue growth to between EUR 1,300 and 1,400 million in 2024, with expected improvements in both EBITDA and EBIT margins.