OHB SE
OHB SE: 9-month report 2018: Total revenues increased to EUR 634 million (+17%), EBITDA increased to EUR 47.1 million (+13%), EBIT increased to EUR 34.4 million (+9%), Full year guidance 2018 confirmed
DGAP-News: OHB SE / Key word(s): 9-month figures Bremen, November 13, 2018. OHB Group (ISIN: DE0005936124, Prime Standard) achieved total revenues of EUR 633.7 million after nine months, an improvement of a good 17% over the same period last year (previous year: EUR 541.0 million). The firm orders held by the Group at the end of the first nine months of 2018 were valued at EUR 2,408 million, up from EUR 2,049 million in the previous year. Of this, OHB System AG accounted for EUR 1,857 million or a good 77%. At the end of the reporting period, cash and cash equivalents (net of securities) thus rose to EUR 66.0 million, compared with EUR 45.1 million in the same period of the previous year. At EUR 756.4 million as of September 30, 2018, the OHB Group’s total assets were EUR 36.7 million, around 5% higher than the previous year’s figure of EUR 719.7 million at December 31, 2017. Group equity increased by EUR 15.8 million to EUR 199.4 million. At the beginning of 2018, equity had been revalued through a one-time-effect due to the replacement of the previous accounting standards IAS 11 (Construction Contracts) and IAS 18 (Revenue) by the new provisions of IFRS 15 (Revenue from Contracts with Customers). As a result of the increase from operating activities, the equity ratio increased again to 26.4% as of September 30, 2018. The Management Board expects consolidated total revenues of EUR 1,000 million for 2018, accompanied by EBITDA of EUR 65 million and EBIT of 47 million. Given the greater order backlog and upbeat outlook for the current year, the Management Board assumes that the Group’s net assets and financial condition will also remain strong. Key performance indicators at a glance
The interim report for Q3/9M 2018 and further information are available at: Contact: Investor Relations Martina Lilienthal Tel.: +49 421 – 2020-720 Fax: +49 421 – 2020-613 E-Mail: martina.lilienthal@ohb.de Corporate Communications Günther Hörbst Tel.: +49 421 – 2020-9438 E-Mail: guenther.hoerbst@ohb.de
13.11.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | OHB SE |
Karl-Ferdinand-Braun-Str. 8 | |
28359 Bremen | |
Germany | |
Phone: | +49 (0)421 2020 8 |
Fax: | +49 (0)421 2020 613 |
E-mail: | ir@ohb.de |
Internet: | www.ohb.de |
ISIN: | DE0005936124 |
WKN: | 593612 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |