OHB SE: OHB SE provides outlook for 2019 business development:
February 12, 2019 at 05:15 am EST
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DGAP-News: OHB SE / Key word(s): Forecast
OHB SE: OHB SE provides outlook for 2019 business development:
12.02.2019 / 11:10
The issuer is solely responsible for the content of this announcement.
- Total revenues forecast at EUR 1.05 billion
- EBITDA expected to rise to EUR 80 million
- EBIT expected to improve to EUR 50 million
Oberpfaffenhofen, February 12, 2019 - This year's Capital Market Day of OHB SE (Prime Standard, ISIN: DE0005936124) will take place today at the premises of the company's subsidiary OHB System in Oberpfaffenhofen. At the event, the company will provide an outlook on the expected business development for the current 2019 financial year on the basis of the Group's three control-relevant key figures:
Total revenues are forecasted at EUR 1.05 billion and EBITDA is expected to reach EUR 80 million. The first-time application of the new accounting standard IFRS 16 has an impact on EBITDA, which is assumed to amount to approximately EUR 10 million and has been taken into account accordingly. The operating result (EBIT) is expected to rise to EUR 50 million.
For the past fiscal year 2018, the Management Board today reaffirmed the outlook of EUR 1 billion in total revenues, EBITDA of EUR 65 million and EBIT of EUR 47 million given at last year's Capital Market Day. OHB SE's audited 2018 consolidated financial statements will be explained in detail at the upcoming annual press conference on March 20, 2019 in Bremen and at the analysts' meeting in Frankfurt am Main on the same day, which will be followed by a press conference, and will also be available for download on OHB SE's website.
12.02.2019 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.
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Language:
English
Company:
OHB SE
Manfred-Fuchs-Platz 2-4
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, Tradegate Exchange
OHB SE is a Germany-based company, which focuses on the space technology. The Company operates in two segments: Space Systems, developing and executing space projects, low-orbiting and geostationary small satellites for navigation, research, communications and earth observations including scientific payloads; and Aerospace + Industrial Products, responsible for fabricating aviation and space products as well as other industrial activities. The Company operates through a number of subsidiaries located in Germany, Italy, Luxembourg, Belgium, France, Sweden, the United Kingdom and French Guiana, including OHB Logistic Solutions GmbH, OHB France SAS, OHB Sweden AB, MT Aerospace Guyane SAS and ORBCOMM Deutschland Satellitenkommunikation AG.
OHB SE 
