OHB SE Reports Strong Q3 Results and Growth Prospects

In a recent update by NuWays AG, OHB SE has been classified with a "BUY" recommendation, maintaining a target price of EUR 141. This decision follows a robust third quarter in 2025, where the order intake reached €350 million, resulting in a high book-to-bill ratio of 1.2x. The order backlog hit an all-time high of €3,117 million, reflecting a 47% year-on-year increase.

Total output grew by 22% year-on-year to €300 million, driven by significant performances across all segments. The SPACE SYSTEMS segment led with a 30% increase, mainly due to advancements in navigation and environmental satellites. Meanwhile, the ACCESS TO SPACE segment observed a 40% rise, and the DIGITAL segment grew by 34%.

The adjusted EBITDA saw a 10% year-on-year uplift, reaching €35 million, despite an increase in material expenses by 32%. The company's ongoing efficiency improvements contributed to this profit growth. With bolstered finances, OHB is set to capitalize on potential increases in space spending under the EU’s upcoming financial framework.