Corporate | 17 March 2016 08:00
DGAP-News: OHB SE / Key word(s): Final Results
2016-03-17 / 08:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- Total revenues of EUR 730 million, compared with EUR 773 million in the
previous year, or EUR 730 million proforma excluding ATP
- EBIT of EUR 40.2 million compared with EUR 40.4 million in the previous
year, or EUR 33.8 million proforma excluding ATP.
- Increase in EBT to EUR 36.7 million (up 8% from EUR 33.9 million in the
previous year)
- Increase of EUR 23.4 million in equity to EUR 168.2 million; equity
ratio thus widened from 22.7% to 26.4%.
- Net cash inflow from operating activities of EUR 3.6 million (previous
year: net cash outflow of EUR 35.0 million).
- Proposed increase in dividend to EUR 0.40 (up 8% from EUR 0.37 in the
previous year)
Bremen, March 17, 2016. At today's annual press conference, the Management
Board of OHB SE (ISIN: DE0005936124, Prime Standard) will be presenting the
audited consolidated financial statements for 2015. In the year under
review, the earnings which had previously been contributed by the former
subsidiary Aerotech Peissenberg GmbH & Co. KG (ATP; deconsolidated in May
2014) were no longer included in OHB SE's consolidated financial statements
for the first time.
The Group achieved total revenues of EUR 730 million in 2015 (previous
year: EUR 773 million) and reached in a proforma calculation without ATP
(EUR 730 million for 2014) previous year's level. The outlook for this
ratio of >EUR 800 million was not entirely achieved. This is due to the
postponement of sales generated by the large satellite projects to later
quarters.
The outlook for the ratio EBIT was achieved, this figure came to EUR 40.2
million (previous year: EUR 40.4 million), a proforma calculation without
ATP (EUR 33.8) would show an improved result in comparison to the previous
year.
EBITDA came to EUR 52.1 million (previous year EUR 53.4 million) the target
of >EUR 53 million was approximately achieved. In a proforma calculation
without ATP, also this ratio would show an increased result.
With equity rising by EUR 23.4 million to EUR 168.8 million, the
balance-sheet structure continued to improve. Total assets contracted
slightly over the previous year from EUR 640.6 million to EUR 638.7
million, resulting in an equity ratio of 26.4% (previous year: 22.7%).
Consolidated net profit after minority interests dropped to EUR 21.0
million (previous year: EUR 25.7 million) due to the normalized tax rate.
This resulted in earnings per share of EUR 1.21 (basic and diluted) for
2014, down from EUR 1.48 in the previous year.
Non-consolidated total revenues in the "Space Systems" business unit
reached EUR 553.1 million in 2015 (previous year: EUR 564.0 million).
Segment EBIT increased substantially from EUR 14.0 million in the previous
year to EUR 24.0 million before consolidation thanks to the good progress
made on the satellite programs. The EBIT margin relative to
non-consolidated total revenues thus widened to 4.3%, up from 2.5% in the
previous year.
At EUR 187 million in 2015, non-consolidated total revenues in the
"Aerospace + Industrial Products" business unit were down EUR 26.8 million
or 13% on the previous year. Segment EBIT dropped by EUR 3.4 million to EUR
16.0 million (previous year: EUR 19.4 million). This change is chiefly due
to the deconsolidation of Aerotech Peissenberg in 2014. The segment EBIT
margin came to 8.6% (previous year: 9.1%).
The Management Board and the Supervisory Board will be asking the
shareholders to approve a dividend of EUR 0.40 per share for 2015 (previous
year: EUR 0.37 per share). A dividend payout is also planned for the
current year. Consolidated cash and cash equivalents including securities
stood at EUR 62.1 million on December 31, 2015 (previous year: EUR 55.0
million).
At a total of EUR 1,684 million (previous year: EUR 2,106 million), the
order backlog remains at a high level. The "Space Systems" business unit
accounts for the bulk of the order backlog of EUR 1,466 million, while the
"Aerospace + Industrial Products" business unit contributed EUR 218 million
as of the reporting date. Looking forward, this ensures a very reliable
basis for future planning and high capacity utilization across all business
units.
The Management Board expects consolidated total revenues of EUR 750 million
for 2016, accompanied by EBITDA of EUR 54 million and EBIT of 42 million.
OHB SE's full audited consolidated financial statements for 2015 will be
presented in detail at today's annual press conference on March 17, 2016 in
Bremen and at the analyst conference held afterwards on the same day in
Frankfurt am Main.
Annual press conference at 8:30 am on March 17, 2016
at the offices of OHB SE in Bremen
Analyst conference (DVFA) at 1:30 pm on March 17, 2016
at the offices of DZ Bank AG, Frankfurt am Main
Key performance indicators
at a glance (EUR 000s) 2011 2012 2013 2014 2015
Sales 555,689 615,982 680,121 728,147 719,706
Total revenues 555,292 632,729 700,063 772,954 730,368
EBITDA 43,101 46,126 52,803 53,417 52,135
EBIT 27,276 31,013 36,353 40,400 40,214
EBT 19,517 23,995 29,728 33,874 36,698
Net profit for the year
after non-controlling interests 13,523 14,826 19,436 25,713 20,975
Earnings per share (EUR) 0.78 0.85 1.12 1.48 1.21
Dividend per share *) 0.35 0.37 0.37 0.37 0.40
Cash and cash equivalents
including securities 99,778 95,415 58,911 54,989 62,052
*) 2015: Subject to approval by the shareholders
Contact:
Investor Relations
Martina Lilienthal
Tel.: +49 421 - 2020-720
Fax: +49 421 - 2020-613
E-Mail: martina.lilienthal@ohb.de
Corporate Communications
Martin Stade
Tel.: +49 421 - 2020-620
Fax: +49 421 - 2020-9898
E-Mail: martin.stade@ohb.de
---------------------------------------------------------------------------
2016-03-17 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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
End of News DGAP News Service