OHB (OHB) Q2 2025 earnings summary

Executive summary

• Achieved significant growth in order backlog, total revenues, and profitability for the first half of 2025, with a positive outlook for the remainder of the year.

• Secured a landmark EUR 839 million contract as prime contractor for ESA's LISA mission, boosting the order backlog to a record EUR 3,067 million.

• Reached multiple project milestones, including successful launches (MTG-S1, GARI-B), and expansion in Czech and Swedish space initiatives.

• Annual General Meeting approved a dividend of EUR 0.60 per share and reappointed all Supervisory Board members.

• Net profit attributable to shareholders increased to EUR 11.3 million, nearly doubling from the previous year.

Financial highlights

• Order backlog reached a record EUR 3,067 million as of June 30, 2025, up 86% year-over-year.

• Total revenues for the first six months increased 20% year-over-year to EUR 563.5 million.

• Adjusted EBITDA rose 13% to EUR 45.9 million; EBITDA grew 23% to EUR 42.0 million.

• EBIT increased 43% to EUR 22.6 million; net profit after minorities more than doubled to EUR 11.3 million.

• Earnings per share increased to EUR 0.59, up 111% year-over-year.

Outlook and guidance

• Revenue guidance for 2025 is around EUR 1.2 billion, with ambitions to reach EUR 1.5 billion by 2027.

• EBITDA margin expected to reach approximately 9% in 2025 and exceed 10% by 2027; EBIT margin targeted at 6% in 2025 and above 7% by 2027.

• Annual order intake projected to remain above EUR 2 billion, with ambitions to reach EUR 3 billion in 2026.

• Margin expansion anticipated, driven by scale and operational improvements, though institutional pricing limits immediate gains.

• Positive business performance and high order backlog support a favorable outlook for financial position and net assets.