OHB SE
XMUN:OHB
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OHB SE
OHB SE is a German space and aerospace company that builds satellites, space systems, and related hardware and software. It designs and assembles complete spacecraft, makes key satellite components and payloads, and helps customers plan and run space missions. It also works on space transport and defense-related systems. Its main customers are government space agencies, public research groups, and commercial companies that need satellites for navigation, communications, Earth observation, science, or security. OHB makes money by winning contracts to design, build, test, and sometimes support these systems over their life cycle. Much of its business comes from large, long-running project agreements rather than off-the-shelf product sales. What makes OHB different is its role as a specialist systems integrator in the European space industry. Instead of selling consumer products, it sits high up in the value chain and turns complex technical requirements into working space hardware. That gives it a business built on engineering depth, mission know-how, and close relationships with institutional customers.
OHB SE is a German space and aerospace company that builds satellites, space systems, and related hardware and software. It designs and assembles complete spacecraft, makes key satellite components and payloads, and helps customers plan and run space missions. It also works on space transport and defense-related systems.
Its main customers are government space agencies, public research groups, and commercial companies that need satellites for navigation, communications, Earth observation, science, or security. OHB makes money by winning contracts to design, build, test, and sometimes support these systems over their life cycle. Much of its business comes from large, long-running project agreements rather than off-the-shelf product sales.
What makes OHB different is its role as a specialist systems integrator in the European space industry. Instead of selling consumer products, it sits high up in the value chain and turns complex technical requirements into working space hardware. That gives it a business built on engineering depth, mission know-how, and close relationships with institutional customers.
Record backlog: OHB said order backlog rose to more than EUR 3.35 billion, a new record that gives the company good visibility for the coming years.
Solid Q1: Total operating performance came in at almost EUR 280 million, up 15% from Q1 2025, while adjusted EBITDA reached EUR 27.3 million and adjusted EBIT was about EUR 16.8 million.
Major wins: The quarter featured several notable contract and program wins, including the EUR 250 million EPS-Sterna constellation, the Ramses asteroid mission, and progress on the Eaglet 2 constellation.
Hiring pace: Management said hiring is continuing quickly across operations, with more than 4,000 people and no meaningful extra cost burden from the ramp-up beyond some headhunter fees.
Defense upside: OHB sees Germany’s rising space-defense spending as a major future opportunity, but said none of that business is yet in the current backlog.
Launch and moon: Rocket Factory Augsburg is preparing for a first test launch later this summer, while the new European Moonport company is intended to attract both institutional and private capital.
