22.03.2005

OHB Group sales (EUR 138 mill) and earnings per share (42 cents) reached again record high level

Dividend proposal of 12 cents per share

Double digit growth rate for earnings per share in 2005 expected

Management Board of OHB Technology AG (ISIN: DE0005936124) presented the audited consolidated financial statements 2004 on their annual accounts press conference in Bremen today, confirming the preliminary Group figures from March 7th, 2005. 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) documents especially in the manned space technology early invoicing in the projects ahead of company`s planning. Stand alone revenues of the Space Technology and Security business unit in the amount of EUR 127.8 mill (previous year EUR 88.0 mill) represent around 90 % of Group sales and roughly 92 % of Group EBIT.

The Telematics business unit achieved stand alone sales of EUR 13.1 mill (previous year EUR 10.1 mill) and managed to return to profit-making territory with EBIT of EUR 0.732 mill (previous year EUR – 0.263 mill).

Earnings per share increased by more than 35 % to EUR 0.42 (previous year EUR 0.31).

The ongoing strong cash flow from operating activities in the amount of EUR 21.4 mill (previous year EUR 28.2 mill) resulted in liquid funds as of Dec 31st, 2004 of EUR 58.7 mill (previous year EUR 43.1 mill). Order backlog as of Dec 31st, 2004 in the amount of EUR 110.8 mill (previous year EUR 188.2 mill) secures also for fiscal 2005 an excellent capacity utilization. Again Management Board expect also for 2005 a double digit growth rate for earnings per share.

Management and Supervisory Board are planning to give a proposal to the Annual General Meeting for a dividend payment for the first time since OHB went public. The amount should be 12 cents per share and also for the current fiscal year 2005 dividend payment in 2006 is planned.

The consolidated financial statements 2004 of OHB Technology AG are going to be discussed in detail on the annual accounts press conference today (March 22nd, 2005) in Bremen and on the following analysts` meeting in Frankfurt / Main

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 %
Dividend per share*) in EUR - 0,12 n.a.
Cash and cash equivalents 43,106 58,727 + 36 %

*) Proposal to the AGM


Annual accounts press conference 09:00 a.m., March 22nd, 2005
OHB Technology AG in Bremen

Analysts` meeting (DVFA) 2:30 p.m., March 22nd, 2005
DZ Bank AG
Platz der Republik
D - 60265 Frankfurt / Main


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