DGAP-News: OHB AG remains on an upswing after nine months 2013- Total revenues up 10% to a record of EUR 472.1 million (previous year: EUR 429.1 million) - Net profit increased to EUR 13.3 million (+21%) and earnings per share - (EPS) rose by 21% to EUR
(firmenpresse) - DGAP-News: OHB AG / Key word(s): Quarter Results/Interim Report
OHB AG remains on an upswing after nine months 2013- Total revenues up
10% to a record of EUR 472.1 million (previous year: EUR 429.1
million) - Net profit increased to EUR 13.3 million (+21%) and
earnings per share - (EPS) rose by 21% to EUR 0.76
11.11.2013 / 07:15
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OHB AG remains on an upswing after nine months 2013
- Total revenues up 10% to a record of EUR 472.1 million
(previous year: EUR 429.1 million)
- Net profit increased to EUR 13.3 million (+21%)
and earnings per share (EPS) rose by 21% to EUR 0.76
- Order backlog rises to a record of EUR 2.2 billion
Bremen, November 11, 2013. OHB AG's (Prime Standard, ISIN: DE0005936124)
total revenues rose by EUR 43.0 million or 10% to EUR 472.1 million in the
first nine months of 2013 over the previous year.
EBITDA was up just under 6%, rising to EUR 35.4 million in the period under
review. After depreciation/amortization, EBIT increased by a good 8% to EUR
23.9 million. Net finance expense improved again by a good 21% to EUR 3.8
million, compared with EUR 4.8 million in the same period of the previous
year. Profit from ordinary business thus increased by a good 16% from EUR
17.3 million in the previous year to EUR 20.2 million in the period under
review. After income tax expense, which rose slightly from EUR 5.7 million
in the previous year to EUR 6.7 million, OHB AG earned net consolidated
profit for the period of EUR 13.5 million, i.e. a good 16% up on the same
period in the previous year. At EUR 13.3 million, the net profit for the
period attributable to OHB's shareholders after non-controlling interests
was up 21% over the same period in the previous year. Earnings per share
also climbed by 21% to EUR 0.76 in the first nine months of 2013, driven
for the most part by the improved profitability of the Space Systems
segment in the third quarter of 2013.
In the first nine months of 2013, non-consolidated total revenues in the
Space Systems business unit climbed by EUR 32.6 million or just under 12%
over the year-ago period to EUR 314.0 million. Segment EBIT thus improved
by a disproportionately strong EUR 4.3 million or 26% to EUR 20.7 million.
The EBIT margin relative to non-consolidated total revenues thus widened to
6.6%, up from 5.8% in the previous year. The EBIT margin relative to the
business unit's own manufacturing input expanded from 13.8% in the previous
year to 15.4% in the period under review.
In the first nine months of 2013, non-consolidated total revenues in the
Aerospace + Industrial Products business unit climbed by EUR 8.8 million or
6% over the year-ago period to EUR 163.1 million. At the same time, the
cost of materials and services purchased increased by a swifter 12% to EUR
77.2 million. As a result, segment EBIT dropped by EUR 2.5 million to EUR
3.2 million, with the EBIT margin relative to non-consolidated total
revenues narrowing to 2.0%, down from 3.7% in the same period of the
previous year. The EBIT margin relative to the segment's own manufacturing
input came to 2.1% (previous year: 4.1%).
At the end of the first nine months of 2013, the firm orders held by the
OHBGroup were valued at EUR 2.2 billion, thus exceeding the previous
year's figure of EUR 1.7 billion by a good EUR 451 million. Of this, OHB
System AG accounted for EUR 1.8 billion or around 83%.
At EUR 63.8 million at the end of the period under review, cash and cash
equivalents (net of securities) were down EUR 19.4 million on the previous
year's high figure. As of September 30, 2013, the OHB Group's total assets
were up by 8% or EUR 43.0 million compared with December 31, 2012, rising
to EUR 581.8 million. Despite the increase in total assets, the equity
ratio remained stable at 21.6% as of September 30, 2013 and was thus
virtually unchanged over December 31, 2012 (21.8%).
The Management Board expects continued growth in 2013, with the OHB Group's
consolidated total revenues climbing to more than EUR 700 million,
underpinned by both business units, whose total revenues will be up on 2012
levels. At over EUR 53 million and EUR 36 million respectively, EBITDA and
EBIT will also be higher year on year in 2013. It should be expressly noted
in connection with forward-looking statements that actual events may differ
materially from expectations of future performance.
Key performance indicators at a glance
(EUR 000s) +/- 9M
Q3 / 2012 Q3 / 2013 9M / 2012 9M / 2013 2013/2012
Sales 139,960 162,207 406,324 455,169 +12.0 %
Total revenues 145,247 161,699 429,115 472,098 +10.0 %
EBITDA 10,979 12,471 33,533 35,438 +5.7 %
EBIT 7,098 8,613 22,146 23,941 +8.1 %
EBT 5,482 7,364 17,338 20,164 +16.3 %
Net profit for the period
after minority interests 3,944 4,940 10,998 13,293 +20.9 %
EPS in EUR 0.23 0.28 0.63 0.76 +20.6 %
Cash and cash equivalents
incl. securities 91,847 68,765 91,847 68,765 -25.1 %
The nine-month interim report 2013 and further Information are available
at:
www.ohb.de
Contact:
Investor Relations
Martina Lilienthal
Tel.: +49 421 - 2020-720
Fax: +49 421 - 2020-613
E-Mail: martina.lilienthal(at)ohb.de
End of Corporate News
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11.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
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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: 11.11.2013 - 07:15 Uhr
Sprache: Deutsch
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