28359 Bremen, de
+49 (421) 2020-8
Increase in total revenues 2009 of around EUR 60 million (+ 23%) to EUR 320 million
With expected EUR 20-21 million EBIT 2009 exceeds prior-year amount by roughly 7%
- Order backlog of EUR 1.3 billion at record high
- Continued growth expected for 2010:
+ Total revenues up roughly EUR 100 million to EUR 420-440 million
+ Operating result EBITDA set to rise to EUR 32-35 million
+ EBIT increase to EUR 22-24 million expected
On the occasion of the Group's 6th Capital Market Day held in Milan, following company tradition, OHB Technology AG (Prime Standard, ISIN: DE0005936124) today announces first preliminary and unaudited results for the past fiscal year 2009 and offers a first outlook for the current fiscal year 2010. At the headquarters of newly acquired Carlo Gavazzi Space in Milan, Management Board members and experts from the various business segments meet today with analysts, bankers, investors and journalists to present a detailed overview of future projects, their development, and current trends in the aerospace industry.
Consolidated total revenues 2009 are expected to increase by approx. 23% to roughly EUR 320 million, a gain of EUR 60 million on the previous year's amount. The operating result (EBITDA), expected in the amount of EUR 30-31 million, exceeds the prioryear amount by roughly 5%, announced Marco R. Fuchs, CEO of OHB Technology AG. The resulting EBIT, expected in the range of EUR 20-21 million, represents an increase of roughly 7%. OHB confirmed given guidance for 2009. In the fourth quarter of 2009 Carlo Gavazzi Space (CGS) was included in the basis of consolidation for the first time and Kayser-Threde Automotive was not considered anymore.
The order backlog comes to roughly EUR 1.3 billion at the beginning of February 2010, another record high which exceeds the previous year's peak level of roughly EUR 700 million considerably. Essential contributions to this order volume are made by the production order of MT Aerospace for "Lot PB" - 35 more Ariane 5 launch vehicles in the total amount of EUR 370 million - and the commissioning of OHBSystem as prime contractor for the construction of the first 14 satellites for the European satellite navigation system Galileo worth EUR 566 million.
For the current fiscal year 2010 the Management Board expects continued growth with a significant increase in the OHB Group's consolidated total revenues of more than EUR 100 million to EUR 420-440 million (growth above 31%); all business segments are scheduled to contribute to this target with revenues exceeding the 2009 figures. The results from operations, EBITDA and EBIT, are also anticipated to outperform the prioryear levels in 2010, with roughly EUR 32-35 million and EUR 22- 24 million, respectively.
The complete and audited consolidated financial statements 2009 of OHB Technology AG will be explained in detail at the upcoming annual press conference held on March 18, 2010 in Bremen and at the analysts' conference to follow that same day in Frankfurt/Main.
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