Q4 2025 OHB SE Earnings Call Transcript
Key Points
- OHB SE (FRA:OHB) successfully launched multiple satellites in 2025, including the MTG-S1 weather satellite and the NAOS Earth observation satellite for Luxembourg.
- The company secured significant contracts, such as the LISA science satellite for the European Space Agency and the Argonaut mission for lunar exploration.
- OHB SE (FRA:OHB) achieved a total order intake of over EUR1.5 billion in the space system division, marking a substantial business expansion.
- The company reported a 25% increase in total revenue, reaching EUR1.25 billion, and an adjusted EBITDA of EUR125.6 million, indicating strong financial growth.
- OHB SE (FRA:OHB) expanded its operations with new facilities in Sweden and the UK, enhancing its production capabilities and market reach.
- The company faced challenges in recruiting personnel, which affected personal costs and operational efficiency.
- OHB SE (FRA:OHB) had to utilize provisions for a project incident in 2024, impacting financial results in 2025.
- There is uncertainty regarding the outcome and share volume of the .com before tender project, as the company cannot comment on details.
- Transformation costs associated with the company's transition program may continue into 2026, although at a potentially lower level than in 2025.
- The geopolitical landscape and increased defense budgets in Europe may pose challenges in aligning with new strategic priorities and securing related contracts.
Good morning, come to OHB's earnings call for the Annual Report 2025. I'd like to welcome you here on behalf of OHB. We are here together, with, I'm here together with Tim Tecklenburg, our CFO; Daniela Schmidt and Kurt Melching, and we're obviously ready for questions. I hope you have been able to download the materials this morning, I will -- quickly walk you through the slides, and then, Tim will take over for the financial part.
The OHB business segment has not changed. This is the same business segment chart that you saw in our Q3 results a couple of months ago. What has changed in the course of 2025 is that our access to space division has been changed because we took over 100% of MT Aerospace AG. We created the European space company and, of course, in this part is also the rocket factory, outspoken a few smaller parts.
Quick recap of 2025. We had multiple successes in launches in 2025. Very important was on July 1, the weather satellite MTG-S1, that's the sounder as we call them, the sounder satellite has
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