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OHB AG (FRA:OHB) OHB SE: Total revenues of EUR 315.3 million in the first half 2015, EBITDA of EUR 22.2 million (proforma w/o ATP + 12% vs. H1/2014) EBIT of EUR 16.3 million (proforma w/o ATP + 17% vs. H1/2014)

Directive transparence : information réglementée

13/08/2015 08:10
DGAP-News: OHB SE / Key word(s): Half Year Results OHB SE: Total revenues of EUR 315.3 million in the first half 2015, EBITDA of EUR 22.2 million (proforma w/o ATP + 12% vs. H1/2014) EBIT of EUR 16.3 million (proforma w/o ATP + 17% vs. H1/2014) 13.08.2015 / 08:10 --------------------------------------------------------------------- Total revenues of EUR 315.3 million in the first half 2015 EBITDA of EUR 22.2 million (proforma w/o ATP + 12% vs. H1/2014) EBIT of EUR 16.3 million (proforma w/o ATP + 17% vs. H1/2014) Firm orders still high at EUR 2,010 million Bremen, August 13, 2015. Group key figures of OHB SE (Prime Standard; ISIN: DE0005936124) and key figures of the business unit Aerospace + Industrial Products are no longer directly comparable with the figures for the current year due to the deconsolidation of Aerotech Peissenberg GmbH & Co. KG ("ATP") in mid May 2014. For this reason, a table setting out the proforma performance indicators for the first half of 2014, adjusted to eliminate the earnings contributions made by ATP, has been integrated. The OHB Group's total revenues are heavily dependent on the achievement of milestones and delivery dates for the individual projects and are therefore not linear in nature. The performance indicators total revenues, EBITDA and EBIT developed stable and corresponding to planning. At the end of the first six months of 2015, the firm orders held by the OHB Group were valued at EUR 2.010 billion, down from EUR 2.128 billion in the previous year. Of this, OHB System AG contributed EUR 1.323 billion or around 66%. Net finance expense contracted by EUR 1.4 million over the previous year to EUR 1.6 million chiefly also due to the deconsolidation of ATP. OHB Group achieved consolidated net profit for the period of EUR 10.0 million. In the previous year, the consolidated net profit of EUR 21.3 million had been inflated by a tax refund of EUR 3.7 million. At EUR 8.7 million in the first half of 2015, the consolidated net profit for the period attributable to OHB's shareholders after non-controlling interests dropped by EUR 10.5 million over the same period of the previous year primarily as a result of the aforementioned deconsolidation and tax effects. At EUR 46.9 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 72.8 million). Thus Group net debt amounted to EUR 110.1 million at June 30, 2015. Total consolidated assets increased by EUR 28.7 million or a good 4% over the end of 2014 to EUR 669.3 million as of June 30, 2015 (December 31, 2014: EUR 640.6 million). Consolidated equity expanded by EUR 5.2 million to EUR 152.4 million. Accordingly, the equity ratio came to just under 23% as of June 30, 2015 and was thus unchanged over December 31, 2014. The Management Board confirmed 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)
                                      Q2/2014   Q2/2015   H1/2014   H1/2015

Sales                                 192,152   152,967   385,256   285,665
Total revenues                        206,528   162,041   414,388   315,290
EBITDA                                 13,431    11,473    27,916    22,223
EBIT                                   10,067     8,523    20,502    16,309
EBT                                     8,790     7,519    17,544    14,734
Consolidated net profit
after
minority interests                     13,149     4,345    19,187     8,681
EPS in EUR                               0.75      0.25      1.10      0.50
Cash and cash
equivalents
incl. securities                       77,693    51,891    77,693    51,891



EUR (000s)                                                           +/- H1
                                        H1 / 2014  H1 / 2015      2015/2014
                                         proforma                  proforma
Sales                                     346,274   285,665        - 17.5 %
Total revenues                            372,407   315,290        - 15.3 %
EBITDA                                     19,845    22,223         +12.0 %
EBIT                                       13,909    16,309         +17.3 %
EBT                                                  14,734
Consolidated net
profit after
minority interests                                    8,681
EPS in EUR                                             0.50
Cash and cash
equivalents
incl. securities                                     51,891


Contact:
 
Martina Lilienthal
Investor Relations
Tel.: +49 (0)421 - 2020-720
Fax: +49 (0)421 - 2020-613
E-Mail: martina.lilienthal@ohb.de 
www.ohb.de 

The six-month interim report 2015 and further information are available at:

www.ohb.de 



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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                                                  
 
 
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