OHB SE Reports Strong Q3, EBITDA Jumps 23%

OHB SE reported a 23% year-over-year increase in adjusted EBITDA to EUR 99.7 million for the first nine months of 2026, signaling strong financial momentum for the European aerospace company. This improvement accompanied a 10% rise in total operating performance, reaching EUR 946.5 million, compared to EUR 863.5 million in the same period last year.

The significant gains in profitability were underpinned by a substantial increase in the company’s order backlog, which stood at EUR 3.937 billion, up from EUR 3.117 billion year-over-year. The influx of new orders, including a nearly EUR 1 billion contract for the IRIS² satellite program, provides long-term revenue visibility and supports the company’s strategic planning. This contract, along with another for the Sentinel-3 Next Generation Topography mission, demonstrates OHB’s continued role in key European space programs.

Beyond revenue growth, OHB significantly strengthened its balance sheet. The equity ratio rose dramatically to 49.9% as of September 30, 2026, nearly doubling from 27.5% at the end of 2025. This improvement was driven by an increase in equity from EUR 431.4 million to EUR 937.2 million, alongside a 20% increase in total assets, reaching EUR 1.8786 billion. The company's cash and cash equivalents also saw a considerable boost, increasing by 335% to EUR 232.357 million.

While net profit for the period decreased by 22% to EUR 19.137 million, the substantial gains in EBITDA, the improved equity ratio, and the significant order backlog point to a strengthening financial position for OHB. These results suggest the company is well-positioned to achieve its strategic mid-term targets of total operating performance exceeding EUR 4.0 billion and an adjusted EBITDA margin of around 13%.