DGAP-News: OHB AG: * Order backlog rose to new record of EUR 1,640 million in 2012 * Total revenues increase to around EUR 633 million, EBIT to EUR 31.0 million * Earnings per share of EUR 0.85 * Proposed dividend increase to 37 cents per share
(firmenpresse) - DGAP-News: OHB AG / Key word(s): Final Results
OHB AG: * Order backlog rose to new record of EUR 1,640 million in
2012 * Total revenues increase to around EUR 633 million, EBIT to EUR
31.0 million * Earnings per share of EUR 0.85 * Proposed dividend
increase to 37 cents per share
14.03.2013 / 08:08
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- Order backlog rose to new record of EUR 1,640 million in 2012
- Total revenues increase by 14% to around EUR 633 million in 2012
- Operating income (EBITDA) increases by 7% to EUR 46.1 million,
operating earnings (EBIT) by 14% to EUR 31.0 million
- Earnings per share of EUR 0.85 (previous year: EUR 0.78)
- Proposed dividend increase again to 37 cents per share(previous year:
35 cents per share)
Bremen, March 14, 2013. The Management Board of OHB AG (Prime Standard,
ISIN: DE0005936124) presented the audited 2012 consolidated financial
statements at today's annual accounts press conference in Bremen.
OHB Group yet again exceeded the record values of the previous year for
sales, total revenues, EBITDA and EBIT in the 2012 financial year. Sales
increased to EUR 616.0 million (previous year: EUR 555.7 million). The
total revenues of the OHB Group increased by EUR 77.4 million to a total of
EUR 632.7 million in the reporting period. The Group successfully
integrated the companies acquired the year before into the also newly
designed Group structure of OHB AG in the financial year 2012.
'We expect a further increase in total revenues to more than EUR 700
million in the current 2013 financial year,' underlined Marco R. Fuchs, CEO
of OHB AG the Group's positive outlook, and added: 'We expect continued
growth in the following year 2014 in Group key figures total revenues,
EBITDA and EBIT respectively.'
EBITDA increased by 7% to a total of EUR 46.1 million (previous year: EUR
43.1 million), with a 14% increase in operating earnings (EBIT) to EUR 31.0
million in the reporting period (previous year: EUR 27.3 million).
Consolidated net profit after minority interests in the amount of EUR 14.8
million (previous year: EUR 13.5 million) resulted in earnings per share of
EUR 0.85 (diluted and undiluted) in the 2012 financial year compared to EUR
0.78 in the previous year. As measures of operating performance, EBITDA and
EBIT are also expected to significantly exceed the values for the previous
year in 2013 at more than EUR 53 million (+15%) and more than EUR 36
million (+16%) respectively.
Orders and the ongoing business in the 'Space Systems' business unit
developed very favorably. Unconsolidated total revenues amounted to EUR
409.1 million in 2012 (previous year: EUR 368.5 million). This positive
trend is mainly due to advancements in the satellite programs. Slightly
increased cost of raw materials, goods purchased and of services bought
resulted in a slightly reduced EBIT before consolidation in the business
unit by EUR 2.9 million to EUR 22.2 million. The EBIT margin in relation to
unconsolidated total revenues therefore declined to 5.4% compared to 6.8%
in the previous year.
Unconsolidated total revenues of the 'Aerospace + Industrial Products'
business unit at EUR 231.7 million in the 2012 financial year exceed the
previous year byEUR 36.4 million or 19%. EBIT for the business unit
increased significantly to EUR 8.7 million (previous year: EUR 2.2
million). This corresponds to an increased EBIT margin of 3.8% (previous
year: 1.1%). The margin improvement is primarily due to the successful
restructuring of Aerotech Peissenberg GmbH&Co. KG.
The Management Board and Supervisory Board will propose again an increase
in the dividend for the 2012 year to 37 cents per share (previous year: 35
cents per share) to the annual general meeting. The company also plans to
distribute a dividend for the current 2013 financial year. As of December
31, 2012 the liquidity of the Group (including securities), which has
traditionally been high, was EUR 95.4 million (previous year: EUR 99.8
million).
The still high order backlog increased again significantly by 57% to EUR
1,640 million in total (previous year: EUR 1,046 million), and is largely
due to the successful acquisition of additional projects of already
existing large projects in the 'Space Systems' business unit. This business
unit accounts for the major part with an amount of EUR 1,365.9 million of
order backlog while orders of the 'Aerospace + Industrial Products'
business unit amounted to EUR 273.8 million on the balance sheet date. A
high level of planning reliability is assured for the future and high
operational capacity utilization is guaranteed in all business units.
The full 2012 consolidated annual financial statements of OHB AG will be
discussed in detail at today's (March 14, 2013) annual accounts press
conference in Bremen and the subsequent analyst conference in Frankfurt /
Main.
Annual accounts press conference at 8:30 am on March 14, 2013
at the premises of OHB AG in Bremen
Analyst conference (DVFA) at 2:00 pm on March 14, 2013
at the premises of DZ Bank AG, Frankfurt / Main
Overview of key +/-
indicators (EUR thousand) 2008 2009 2010 2011 2012 2012/11
Sales 232,473 287,164 425,448 555,689 615,982 10.9%
Total revenues 260,029 321,818 453,323 555,292 632,729 13.9%
EBITDA 28,736 31,659 33,688 43,101 46,126 7.0%
EBIT 18,708 20,771 22,730 27,276 31,013 13.7%
EBT 16,092 18,039 15,384 19,517 23,995 22.9%
Net income for the period
after minority interests 8,998 14,860 9,642 13,523 14,826 9.6%
EPS in EUR 0.61 0.96 0.55 0.78 0.85 9.0%
Dividend per share *) 0.25 0.25 0.30 0.35 0.37 5.7%
Cash and cash equivalents
including securities 67,077 82,005 92,798 99,778 95,415 -4.4%
*) 2012: Proposal for the annual general meeting
Contact:
Investor Relations
Martina Lilienthal
Tel.: +49 421 - 2020-720
Fax: +49 421 - 2020-613
E-Mail: martina.lilienthal(at)ohb.de
Corporate Communications
Steffen Leuthold
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: steffen.leuthold(at)ohb.de
End of Corporate News
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Language: English
Company: OHB AG
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany
Phone: +49 (0)421 2020 8
Fax: +49 (0)421 2020 613
E-mail: ir(at)ohb.de
Internet: www.ohb.de
ISIN: DE0005936124
WKN: 593612
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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Datum: 14.03.2013 - 08:08 Uhr
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