OHBGroup records continued growth in revenues and earnings
OHB Group records continued growth in revenues and earnings
Earnings per share in excess of 80 cents expected for 2007
Total revenues of EUR 290 million (+30%) anticipated for 2008
EBIT 2008 expected to rise to EUR 23 million (roughly + 30%)
With earnings of probably more than 80 cents per share in the past fiscal year 2007, OHB Technology AG (Prime Standard, ISIN: DE0005936124) exceeds the profit forecast of November 2007 (78 cents per share).
Consolidated total revenues in 2007 will come to roughly EUR 220 million. The EBIT will amount to EUR 17 to 18 million, according to the report of Marco R. Fuchs, CEO of OHB Technology AG, given today on the occasion of the fourth Capital Market Day of OHB in Munich. At the headquarters of last year’s acquisition Kayser-Threde GmbH in Munich, the Management Board and other experts from the OHB Technology division Payloads + Science met with analysts, bankers, investors, and journalists for the purpose of taking a deeper look at future projects, their formation, and the current developments in the field of space technology.
For the current fiscal year 2008, the Management Board expects consolidated total revenues for the OHB Group to increase significantly to about EUR 290 million (+30 %), to which all divisions should contribute, having improved total revenues compared to 2007. Operating profit (EBIT) for 2008 is expected to increase to about EUR 23 million. The 2008 earnings per share should amount to 80 cents, one-off adjustments are currently not expected. Dividend payments are planned for both the previous fiscal year 2007 and for 2008.
The complete and audited 2007 Group annual accounts of OHB Technology AG will be explained in detail at the annual press conference in Bremen and the analysts’ conference to follow on the same day in Frankfurt/Main on 13 March 2008.