DGAP-News: OHB SE

- 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
 

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