· Total revenues 2008 up EUR 42 million (+ 19%) to EUR 265 million  

· Operating result (EBITDA) in excess of EUR 28 million (+ 8.5%)

· Delayed order placements cause total revenues and EBIT to deviate from 2008 forecast

· EBIT of more than EUR 18 million still exceeds prior-year amount by roughly 5%

· Continued growth expected for 2009: total revenues of more than EUR 300 million, EBITDA of approx. EUR 31 million, EBIT of approx. EUR 21 million

 

Bremen, February 11, 2009. Today OHB Technology AG (ISIN: DE0005936124, Prime Standard) announces first preliminary unaudited results for the past fiscal year 2008 and offers an outlook for the current fiscal year 2009.

 

Consolidated total revenues 2008 are expected to increase by approx. 19% to roughly EUR 265 million, a gain of EUR 42 million on the previous year’s amount. The operating result (EBITDA) of more than EUR 28 million exceeds the prior-year amount by roughly 8.5%.

 

Delays in the placement of orders concerning projects of the segment Space Systems + Security are the essential reason for the deviation of total revenues from the 2008 forecast of EUR 290 million. The resulting adjustment to net income of roughly EUR 2 million as well as delays and cost increases regarding the initial operation of the six ORBCOMM satellites place an additional burden on the result (EBIT) at similar amounts.

 

For the current fiscal year 2009 the Management Board expects continued growth with a significant increase in the OHB Group’s consolidated total revenues topping EUR 300 million (+ 13% min.); all business segments are scheduled to contribute to this target with revenues exceeding the 2008 figures. The results from operations, EBITDA and EBIT, are also anticipated to outperform the prior-year levels clearly in 2009, with roughly EUR 31 million and EUR 21 million, respectively. Dividend payments are planned for the past fiscal year 2008 as well as for 2009.

 

The complete and audited consolidated financial statements 2008 of OHB Technology AG will be explained in detail at the upcoming annual press conference held on March 19, 2009 in Bremen and at the analysts’ conference to follow that same day in Frankfurt/Main.