OHB SE OHB.DE

Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.

OHB SE is a German space technology group that designs, manufactures, and integrates satellites and space systems for civil, scientific, and defense applications. The company earns revenue primarily through long-term contracts with institutional customers -- including the European Space Agency, the European Commission, and national defense ministries -- covering satellite prime contracting, launch vehicle structural components, and ground segment services. Revenue is recognized on a percentage-of-completion basis as program milestones are achieved, producing multi-year revenue visibility alongside capital-intensive working-capital profiles. The group operates across three principal areas: satellite systems (civil and scientific missions as prime contractor), ACCESS TO SPACE (launch vehicle structural components manufactured by MT Aerospace, principally for Ariane 6), and digital and defense services including military communications infrastructure and data services. Subsidiaries extend capabilities into communications subsystems (Antwerp Space), maritime data and satellite services (LuxSpace), and micro-launcher development (RFA). Defense, security, and dual-use space applications have grown in strategic importance, with increasing emphasis on military satellite communications, space-based surveillance systems, and AI-assisted satellite manufacturing industrialization. The group has pursued accelerating joint-venture activity to address defense and institutional space programs in Europe, including tactical surveillance, military satellite communications, and multipurpose spacecraft development.

Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.

Price & Chart#

Interactive price chart (TradingView) and the trend of key figures from the core tables. The price chart loads only after a click; at that point a connection to TradingView is established.

Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.

Sector trend: Space-sector demand is trending higher, driven by European sovereign telecommunications and security programmes (IRIS2, SATCOMBw3) and a rising launch cadence around Ariane 6, while near-term profitability and cash flow remain pressured by upfront programme funding ^{12 11 119}.

Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.

Key Figures (€m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Fiscal years

Quarters

Balance Sheet & Cash Flow (€m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

Fiscal years

Quarters

Revenue by Type (as of 2026-Q2 · EURm · 14/24)#

Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.

Products & M&A (51/75 active+recent)#

Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.

M&A (41)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.

Acquisitions

Divestitures / exits

Reported KPIs (as disclosed) (81)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.

Guidance Tracking (latest per metric/period · 13/17)#

All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.

Actuals: revenue in €m · ratios in %

Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.

Glossary#

• Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
• Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
• EBITDA (adj.): Adjusted EBITDA, verbatim and company-defined (non-GAAP), never derived.
• Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
• EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
• FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
• OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
• Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
• Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
• *: derived, the formula is in the hover
• ≈: calculated, approximation
• ~: uncertain; the value stays visible, verdicts do not use it
• °: repaired by a targeted query against the document, or curated with documentary evidence
• EBIT: EBIT as a fallback: the income statement carries no operating line
• basic: basic earnings per share as a fallback when diluted is missing

Sources: official investor relations documents#

All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.

FAQ#