Annual Report 2014
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The OHB Group at a glance ® OHB AG in Figures Annual Report 2014 The Group in EUR 000s ® Glossary 2014 2013 2012 2011 2010 Revenues 728,147 680,121 615,982 555,689 425,448 Total revenues 772,954 700,063 632,729 555,292 453,323 Calendar of events in 2015 EBITDA 53,416 52,803 46,110 43,101 33,688 Annual press conference and release of annual report for 2014, Bremen March 19 EBIT 40,400 36,353 30,997 27,276 22,730 Analyst conference, Frankfurt/Main March 19 EBT 33,874 29,728 23,979 19,517 15,384 3 month report/analyst conference call May 13 Net income for the period 25,713 19,436 14,818 13,523 9,642 Annual general meeting, Bremen May 21 Earnings per share (EUR) 1.48 1.12 0.85 0.78 0.55 6 month report/analyst conference call August 13 9 month report/analyst conference call November 11 Total assets 640,613 585,407 538,757 528,239 466,396 Analyst presentation at Deutsches Eigenkapitalforum, Frankfurt/Main November 23–25 Equity 147,199 132,705 117,332 113,577 105,170 Cash flow from operating activities –35,020 –34,111 17,559 21,137 42,123 Equity investments 25,048 23,632 21,571 15,533 19,126 thereof capital spending 40 1,046 760 156 6,543 Employees on December 31 2,086 2,412 2,493 2,352 1,677 The Stock in EUR 2014 2013 2012 2011 2010 Closing price 19.70 17.55 15.15 11.40 16.60 Year high 25.06 18.63 16.50 17.45 18.34 Year low 17.45 14.76 11.16 8.25 11.50 OHB AG Market capitalization at year-end 344 million 307 million 265 million 199 million 290 million Karl-Ferdinand-Braun-Str. 8 Number of shares 17,468,096 17,468,096 17,468,096 17,468,096 17,468,096 28359 Bremen, Germany Phone: +49 (0)421 2020-8 Fax: +49 (0)421 2020-613 [email protected] Annual Report 2014 • www.ohb.de OHB AG The OHB Group at a glance ® OHB AG in Figures Annual Report 2014 The Group in EUR 000s ® Glossary 2014 2013 2012 2011 2010 Revenues 728,147 680,121 615,982 555,689 425,448 Total revenues 772,954 700,063 632,729 555,292 453,323 Calendar of events in 2015 EBITDA 53,416 52,803 46,110 43,101 33,688 Annual press conference and release of annual report for 2014, Bremen March 19 EBIT 40,400 36,353 30,997 27,276 22,730 Analyst conference, Frankfurt/Main March 19 EBT 33,874 29,728 23,979 19,517 15,384 3 month report/analyst conference call May 13 Net income for the period 25,713 19,436 14,818 13,523 9,642 Annual general meeting, Bremen May 21 Earnings per share (EUR) 1.48 1.12 0.85 0.78 0.55 6 month report/analyst conference call August 13 9 month report/analyst conference call November 11 Total assets 640,613 585,407 538,757 528,239 466,396 Analyst presentation at Deutsches Eigenkapitalforum, Frankfurt/Main November 23–25 Equity 147,199 132,705 117,332 113,577 105,170 Cash flow from operating activities –35,020 –34,111 17,559 21,137 42,123 Equity investments 25,048 23,632 21,571 15,533 19,126 thereof capital spending 40 1,046 760 156 6,543 Employees on December 31 2,086 2,412 2,493 2,352 1,677 The Stock in EUR 2014 2013 2012 2011 2010 Closing price 19.70 17.55 15.15 11.40 16.60 Year high 25.06 18.63 16.50 17.45 18.34 Year low 17.45 14.76 11.16 8.25 11.50 OHB AG Market capitalization at year-end 344 million 307 million 265 million 199 million 290 million Karl-Ferdinand-Braun-Str. 8 Number of shares 17,468,096 17,468,096 17,468,096 17,468,096 17,468,096 28359 Bremen, Germany Phone: +49 (0)421 2020-8 Fax: +49 (0)421 2020-613 [email protected] Annual Report 2014 • www.ohb.de OHB AG The OHB Group at a glance OHB Group in Europe Glossary OHB AG is a European space flight and technology group tions and earth observation including scientific payloads. AQAP Allied Quality Assurance Publications; series of Design-to-cost Designing and Engineering in terms of FOC Full operational capability; final satellite R+D Research and development and one of the most important independent forces in Euro- Its manned space flight activities chiefly entail the assembly standards developed by NATA from the military standard costs considering the given circumstances configuration for the operation of a system pean aviation/aerospace. With more than 30 years of and fitting of the International Space Station ISS, Columbus for quality assurance systems REACH Registration, Evaluation, Authorization of experience in developing and executing innovative space and ATV. The exploration segment works on studies and DLR Deutsches Zentrum für Luft- und Raumfahrt; Galileo The Full Operational Capability phase of the Chemicals; EU chemicals regulation technology systems and structures and its range of models for exploring our solar system, primarily the moon ARTES-7 Long-term ESA plan for developing a European German Space Agency Galileo programme is managed and fully funded by the specific aviation/aerospace and telematics products, the and Mars. In addition, efficient reconnaissance satellites communications satellite network using the latest laser European Union. The Commission and ESA have signed a RoHS Restriction of the use of certain hazardous sub- OHB Group is superbly positioned to face international and broadband wireless transmission of image data form communications Dream Chaser® The Dream Chaser Space System mission delegation agreement by which ESA acts as design and stances; EU directive to limit the use of certain dangerous competition. core technologies for security and reconnaissance. is to provide NASA with a transportation service for crew procurement agent on behalf of the Commission. The materials in electrical and electronic devices ASI Agenzia Spaziale Italiana; Italian space agency and cargo to the International Space Station views expressed in this Press Release can in no way be “Form follows function” - this is the principle under which The “Aerospace + Industrial Products” business unit is taken to reflect the official opinion of the European Union ROSCOSMOS Space Agency of Russia OHB AG has been successfully positioning itself in Europe primarily responsible for fabricating aviation and space ATV Automated Transfer Vehicle; unmanned space EBIT Earnings before interest and taxes and/or ESA.“Galileo“ is a trademark subject to OHIM over the past few years. These strategic decisions on loca- products as well as other industrial activities. In this area, transporter for supply flights to the ISS application number 002742237 by EU and ESA. SAR-Lupe Synthetic Aperture Radar-Lupe; system of MT Mechatronics GmbH tions and the deliberate separation of functions across OHB has established itself as a significant supplier of EBITDA Earnings before interest, taxes, depreciation and small satellites with a process for enhancing the quality of Europe allow the Group to participate in numerous Euro- aerospace structures for the aviation and space industry; BAAINBw Federal Office of Bundeswehr Equipment, amortization Heinrich Hertz Satellite mission based on the SmallGEO radar images pean programs and missions. The two “Space Systems” among other things, it is the largest German supplier of Information Technology and In-Service Support (formerly platform to explore new communications technologies in and “Aerospace + Industrial Products” business units components for the Ariane-5 program. In addition, it is an BWB German Federal Office of Defense Technology and EBT Earnings before taxes space SmallGEOs Small geostationary satellites for telecom- reflect the convergence of these activities and the focus experienced vendor of mechatronic systems for antennas Procurement) munications and multimedia applications on specific core skills. and telescopes and is involved in major radio telescope EDRS-C Dedicated satellite for the European Data Relay Hispasat AG1 Hispasat Advanced Generation 1 projects. OHB telematics systems serve the logistics BDLI German Federal Aviation and Space Industry Satellite System for implementing a data network in Rosetta Mission organized by the European Space Agency The “Space Systems” business unit focuses on developing industry around the world by offering efficient transport Association space using optical satellite communications HGB German Commercial Code ESA to explore the origins of our solar system; the and executing space projects. In particular, it is responsible management and consignment tracking facilities. mission comprises an orbiter and the Philae lander. for developing and fabricating low-orbiting and geostation- BIOMASS Earth observation programme of the European Electra Fully electrically driven satellite based on the IAC International Astronautical Congress; yearly space ary small satellites for navigation, research, communica- Space Agency SmallGEO platform symposium that takes place in different event locations TecDAX German stock index, that tracks the performance of the 30 largest German companies from the technology Blue Dot Name of the 6-month mission launched in EnMAP Environmental Mapping and Analysis Programme; IAS International Accounting Standards sector in terms of order book turnover and market May 2014 by ESA astronaut Alexander Gerst being on satellite for hyperspectral terrestrial observation capitalization board the International Space Station ISS IFRS International Financial Reporting Standards EOEP ESA Earth Observation Envelope Programme Telematics A system linking telecommunications and IT OHBSystem AGBremen BMVg German Federal Ministry of Defense ISS International Space Station LuxSpace Sàrl EPS Earnings per share TET Technology mule; core element of the national BMWi German Federal Ministry of Economics and MTG Meteosat Third Generation; programme to develop, “On-Orbit Verification of New Techniques and Space Systems Aerospace + Industrial Products CGS S.p.A.