Q3 2024 OHB SE Earnings Call Transcript

Nov 12, 2024 / 10:59 AM GMT

Transcript

Key Points

Positve

OHB SE (XTER:OHB) secured a significant contract for Harmony satellites worth approximately 280 million euros, enhancing its position in the Earth observation sector.
The company successfully launched several satellites, including the Arctic weather satellite and two Galileo satellites, showcasing its operational capabilities.
Order backlog has increased from 1.749 billion euros at the beginning of 2023 to 2.1 billion euros, indicating strong demand and future revenue potential.
Adjusted EBITDA reached a record high of 72.5 million euros for the first nine months of 2024, reflecting improved profitability.
The partnership with KKR is expected to enhance operational efficiency and project profitability through a comprehensive transformation program.

Negative

Revenues have slightly decreased compared to the previous year, which could indicate challenges in maintaining growth momentum.
The unsuccessful first stage test of the Pocket Factory Augsburg in August resulted in a total loss, highlighting potential risks in new project developments.
The delisting process remains uncertain, with no clear timeline or milestones, which may create uncertainty for investors.
No new significant military space projects have materialized, which could impact future growth in this sector.
The potential merger of competitors Thales Alenia Space and Airbus Defense and Space poses a risk to OHB SE's supply chain and competitive position.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OHBG.DE - OHB SE
Q3 2024 OHB SE Earnings Call
Nov 12, 2024 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good morning to the nine months, 2024 results of OHB. I hope you have been able to download our documents. So, this is a call where we are all in different locations. You see, Marcos is in Munich and Kurt and Marcela and Graman and I'm in Berlin office. So I would like to walk you quickly through the slides and then we have a time for Q&A So let me just start quickly here.

Hello.

So just to start with the overview of the group. Actually, the only thing that has changed in the last couple of months is that our OHP Digital Solution company has been renamed OHP Austria. Other than that, everything is in the same shape our three business segments, spaces, aerospace and digital, the strategy or HP 2025 shaping. The future is the old strategy that

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