OHB SE: 3-month interim report 2022

Bremen (pta013/11.05.2022/08:00 UTC+2)

• Total revenues reach EUR 182 million

• EBITDA and EBIT of EUR 19.9 million and EUR 11.4 million, respectively, profitability margins up to 11.0 % and 6.3 %

• Equity ratio rises to 26.4 % despite balance sheet extension

• Order backlog remains at a high level of EUR 2.0 billion

The OHB Group's total revenues (Prime Standard, ISIN: DE0005936124) came to EUR 181.5 million after three months, down on the previous year (EUR 190.1 million). The operating result (EBITDA) changed to EUR 19.9 million (previous year: EUR 20.2 million). The operating EBITDA margin thus rose to 11.0% in the reporting period, compared with 10.6% in the same period of the previous year. At EUR 11.4 million, EBIT after the first three months of the current financial year was exactly on a level with the previous year. The corresponding EBIT margin increased year-on-year from 6.0% to 6.3%.

The financial result of EUR -1.8 million deteriorated compared to the same period of the previous year (EUR -0.7 million). Earnings before taxes (EBT) changed to EUR 9.6 million after the first three months of 2022 (previous year: EUR 10.7 million). Income taxes of EUR 3.1 million (previous year: EUR 3.8 million) resulted in a consolidated profit for the period of EUR 6.5 million (previous year: EUR 7.0 million) in the current reporting period.

At EUR 142.8 million, the unconsolidated total revenues of the SPACE SYSTEMS segment were below the level of the first three months of the previous year (EUR 151.7 million). Due to reduced subcontractor services, this key figure resulted in an increased operating result (EBITDA) of EUR 15.2 million (previous year: EUR 14.7 million). At EUR 8.9 million, the segment's EBIT was also up on the previous year's figure of EUR 7.9 million. The EBIT margin in relation to the unconsolidated total revenues thus increased from 5.2% in the previous year to 6.2% in the reporting period.

At EUR 23.7 million, the unconsolidated total revenues of the AEROSPACE segment in the first three months of fiscal year 2022 were above the previous year's figure of EUR 17.6 million. The operating result (EBITDA) for this segment amounted to EUR 1.8 million and was thus significantly higher than in the previous year (EUR -0.2 million). EBIT reached a value of EUR 0.1 million and thus increased compared to the previous year (EUR -1.8 million). The EBIT margin in relation to the unconsolidated total revenues was 0.3%, compared to -10.2% in the previous year.

The unconsolidated total revenues of the DIGITAL reporting segment amounted to EUR 24.0 million in the first three months of fiscal year 2022 (previous year: EUR 26.8 million). The operating result (EBITDA) for this segment fell from EUR 5.4 million in the same period of the previous year to EUR 3.0 million, while EBIT decreased from EUR 4.9 million to EUR 2.6 million. The EBIT margin in relation to the unconsolidated total revenues reached 10.8% (previous year: EUR 18.4%).

The Group's firm order backlog stood at EUR 1,956 million after three months of fiscal 2022, down from EUR 2,121 million as of December 31, 2021, of which OHB System AG accounted for more than 80 % at EUR 1,565 million. As of March 31, 2022, the OHB Group's total assets of EUR 996.5 million were 4 % higher than the level as of December 31, 2021 (EUR 960.8 million). The increase in equity from EUR 252.6 million to EUR 264.4 million was disproportionate to the increase in the balance sheet total and resulted in an increased equity ratio of 26.5 % as of March 31, 2022, compared to 26.3 % at the end of the year on December 31, 2021.

The Management Board issued the following guidance for fiscal 2022 during the Capital Market Day on January 18, 2022: The OHB Group's consolidated total revenues are expected to amount to EUR 1.205 billion, with operating earnings figures EBITDA and EBIT reaching EUR 97 million and EUR 60 million, respectively. Based on the high order backlog and the positive business performance after three months, we assume that the financial and net assets position will continue to develop well and confirm the outlook for the current fiscal year.

Key performance indicators at a glance

(end)

Emitter:	OHB SE Manfred-Fuchs-Platz 2-4 28359 Bremen Germany
Contact Person:	Investor Relations
Phone:	+49 421-2020 7200
E-Mail:	ir@ohb.de
Website:	www.ohb.de
ISIN(s):	DE0005936124 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate