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OHB AG (FRA:OHB) OHB SE: OHB SE releases audited results for fiscal 2017: Total revenues reached record high of EUR 860 million (+18%), EBITDA increased by 7% to EUR 58.8 million, EBIT increased by 4% to EUR 44.2 million

Directive transparence : information réglementée

21/03/2018 07:30

DGAP-News: OHB SE / Key word(s): Final Results
OHB SE: OHB SE releases audited results for fiscal 2017: Total revenues reached record high of EUR 860 million (+18%), EBITDA increased by 7% to EUR 58.8 million, EBIT increased by 4% to EUR 44.2 million

21.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


- Operating cash flow of EUR 35.0 million

- Order backlog reached record level of EUR 2.4 billion

- Proposed dividend to the AGM again at EUR 0.40 per share

- Guidance for 2018 confirmed: Total revenues of EUR 1 billion, EBITDA and EBIT are expected to reach EUR 65 million,
respectively EUR 47 million

 

Bremen, March 21, 2018. The Management Board of OHB SE (Prime Standard, ISIN: DE0005936124) presented the audited consolidated financial statements for 2017 at today's annual press conference in Bremen.

The Group achieved total revenues of EUR 860 million in 2017 (previous year: EUR 728 million). EBITDA increased to EUR 58.8 million (previous year: EUR 55.1 million), margin changed to 6.8% after 7.6% the year before. EBIT increased to EUR 44.2 million (previous year: EUR 42.7 million). EBIT margin changed to 5.1% (previous year: 5.9%).

Consolidated net profit increased to EUR 27.7 million (previous year: EUR 25.6 million). Earnings per share went up to EUR 1.34 (basic and diluted) for 2017 from EUR 1.28 in the previous year.

Operating cash flow amounted to EUR 35.0 million (previous year: EUR 72.7 million).

Equity rose by EUR 23.7 million to EUR 207.3 million, besides the increase in total assets up to EUR 719.7 million (previous year: EUR 682.9 million), resulted in an strengthened equity ratio of 28.8% (previous year: 26.9%).

Non-consolidated total revenues in the "Space Systems" business unit reached EUR 661.3 million in 2017 (previous year: EUR 559.5 million). Segment EBIT changed from EUR 25.5 million in the previous year to EUR 24.1 million. The EBIT margin relative to non-consolidated total revenues resulted in 3.6%, down from 4.6% in the previous year.

At EUR 211.9 million non-consolidated total revenues in the "Aerospace + Industrial Products" business unit in 2017 were above last year's level of EUR 175.9 million. Segment EBIT improved to EUR 20.2 million (previous year: EUR 17.2 million) and EBIT margin decreased slightly to 9.5% (previous year: 9.8%).

The Management Board and the Supervisory Board will be asking the shareholders at the Annual General Meeting to approve a dividend of EUR 0.40 per share for 2017 as in the previous year.

The order backlog reached record level with EUR 2,439 million (previous year: EUR 1,560 million). The "Space Systems" business unit accounts for the bulk of the order backlog of EUR 2,198 million, while the "Aerospace + Industrial Products" business unit contributed EUR 241 million as of the reporting date. Looking forward, this ensures a reliable basis for future planning and high capacity utilisation across all business units.

The Management Board expects consolidated total revenues of EUR 1 billion for 2018. The performance figure EBITDA is to result to an amount of EUR 65 million. The EBIT forecast will probably turn out to be EUR 47 million.

OHB SE's audited consolidated financial statements for 2017 will be presented in detail at today's annual press conference in Bremen, on March 21, 2018 and at the analyst conference held afterwards on the same day in Frankfurt / Main.


Annual press conference at 8:30 am on March 21, 2018
at the offices of OHB SE in Bremen

Analyst conference (DVFA) at 1:00 pm on March 21, 2018

at the offices of DZ Bank AG, Frankfurt / Main
 

Key performance indicators at a glance           +/-
(EUR 000s) 2013 2014 2015 2016 2017 2016/17
Sales 680,121 728,147 719,706 699,184 825,894 +18.1%
Total revenues 700,063 772,954 730,368 728,386 859,689 +18.0%
EBITDA 52,803 53,416 52,135 55,081 58,809 +6.8%
EBIT 36,353 40,400 40,214 42,700 44,223 +3.6%
EBT 29,728 33,874 36,698 38,009 42,238 +11.1%
Consolidated net profit 20,068 29,168 25,385 25,575 27,724 +8.4%
Net income for the period            
after minority interests 19,436 25,713 20,975 22,212 23,355 +5.1%
EPS in EUR 1.12 1.48 1.21 1.28 1.34 +4.7%
Dividend per share *)
in EUR
0.37 0.37 0.40 0.40 0.40 -
Cash and cash equivalents            
including securities 58,911 54,989 62,052 57,584 59,258 +2.9%
 

*) 2017: Subject to approval by the shareholders at the AGM



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


Corporate Communications
Günther Hörbst
Tel.: +49 421 - 2020-9438
E-Mail: guenther.hoerbst@ohb.de


21.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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, Tradegate Exchange

 
End of News DGAP News Service

666383  21.03.2018 

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