07.03.2005

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.

Contact for media

Günther Hörbst
Head of Corporate Communications

OHB SE
Karl-Ferdinand-Braun-Str. 8
28359 Bremen
Germany

Phone.: +49 421 2020-9438
Mobile: +49 171 1931041
Email: guenther.hoerbst@ohb.de

Julia Riedl
Corporate Communications

OHB System AG
Manfred-Fuchs-Straße 1
82234 Weßling - Oberpfaffenhofen
Germany

Phone: +49 8153 4002 249
Mobile: +49 172 10 80 716
Email: julia.riedl@ohb.de

You can reach both of us with an email to pr@ohb.de