Earnings per share up roughly 35% again to a record figure of 42 cents
43% surge in the OHB Group’s sales to around EUR 138 million
Management Board of OHB Technology AG (ISIN: DE0005936124) disclosed today preliminary and un-audited Group key figures for fiscal 2004. Sales and earnings per share reached again record high level carrying forward the successful growth of OHB impressively.
The huge jump in OHB Group sales once again in 2004 by around 43 % (previous year plus 42 %) to EUR 137.9 mill (previous year EUR 96.3 mill) – driven through the mainly project oriented space technology – documents especially in the manned space technology early invoicing in the projects ahead of company`s planning. Total revenues in the amount of EUR 114.1 mill (previous year EUR 105.8 mill) were slightly below the planned target of EUR 120 mill. The deviation is mainly due to a postponement in the SAR-Lupe project. End of 2004 OHB gave an additional offering to increase the technical performance of SAR-Lupe satellites ordered by the govern-mental client. These adjustments are currently being implemented, with the contract expected to be formally extended in spring 2005.
With EBIT of EUR 0.732 million, the Telematics business unit managed to return to profit-making territory.
Earnings per share increased by more than 35 % to EUR 0.42.
Liquid funds reached EUR 58.7 mill. (previous year EUR 43.1 mill.) on Dec 31st, 2004.
Management and Supervisory Board are planning to give a proposal to the Annual General Meeting to revive a dividend payment for the first time since OHB went public.
|Key figures at a glance (TEUR)||2003||vorl. 2004||+/- 2004/03|
|Sales||96,349||137,909||+ 43 %|
|Total revenues||105,784||114,081||+ 8 %|
|EBITDA||8,508||11,565||+ 36 %|
|EBIT||6,289||8,467||+ 35 %|
|EBT||6,992||10,331||+ 48 %|
|Net income||4,554||6,119||+ 34 %|
|EPS in EUR||0.31||0.42||+ 35 %|
|Cash and cash equivalents||43,106||58,727||+ 36 %|
The consolidated financial statements 2004 of OHB Technology AG are going to be discussed in detail on the annual accounts press conference on March 22nd, 2005 in Bremen and on the following analysts` meeting in Frankfurt/Main on the same day.