OHB Technology AG announces preliminary unaudited results for the past fiscal year 2008

OHB Technology AG / Preliminary Results

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  - 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.

Contact:
OHB Technology AG
Michael Vér, Investor Relations
Karl-Ferdinand-Braun-Str. 8
28359 Bremen / Germany
Tel.: +49 (0)421 2020-8
Fax: +49 (0)421 2020-613 
Internet: http://www.ohb-technology.de 
E-Mail: ir@ohb-technology.de


11.02.2009  Financial News transmitted by DGAP
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Language:     English
Issuer:       OHB Technology AG
              Karl-Ferdinand-Braun-Str. 8
              28359 Bremen
              Deutschland
Phone:        +49 (0)421 2020 8
Fax:          +49 (0)421 2020 613
E-mail:       ir@ohb-technology.de
Internet:     www.ohb-technology.de
ISIN:         DE0005936124
WKN:          593612
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Hamburg, Düsseldorf, Stuttgart
 
End of News                                     DGAP News-Service
 
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