Hensoldt stock gains 1.8 percent as backlog reaches EUR 10.4 billion

Published on 09/23/2026 at 14:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hensoldt stock reached EUR 78.70 on September 23, 2026, while first-half order intake doubled to EUR 2.812 billion. Revenue rose 23.6 percent.

Großes Radarsystem von Hensoldt AG bei Sonnenuntergang auf Berghügel — Hensoldt AG Radarsystem auf Hügel bei Sonnenuntergang fotografiert, ISIN DE000HAG0005 Rüstungselektronik Deutschland, Illustration mit AI erstellt.

Hensoldt AG (ISIN DE000HAG0005) traded at EUR 78.70 on Xetra at 9:28 a.m. on September 23, 2026, up 1.8 percent from the session start of EUR 77.52. The move came as the company carried a record first-half order book of EUR 10.4 billion, a figure that gives the stock a measurable operating anchor despite its distance from the yearly high.

Backlog reaches EUR 10.4 billion

According to Ad-hoc-News on September 23, 2026, Hensoldt's first-half order intake doubled to EUR 2,812 million from EUR 1,405 million in the prior-year period. The order book consequently rose from EUR 7.1 billion to EUR 10.4 billion, while the book-to-bill ratio reached 2.4.

The comparison matters because order intake exceeded reported revenue by a wide margin. Revenue increased 23.6 percent to EUR 1,167 million in the first half of 2026, while adjusted EBITDA rose 28.5 percent to EUR 137 million and produced an adjusted EBITDA margin of 11.8 percent, according to Ad-hoc-News.

Guidance keeps execution central

Management confirmed full-year 2026 targets of around EUR 2,750 million in revenue and an adjusted EBITDA margin between 18.5 percent and 19.0 percent. The company also expects a full-year book-to-bill ratio between 1.5 and 2.0, making delivery timing and margin conversion the key operating measures for the rest of 2026.

Hensoldt's second-quarter figures provide another dated reference point. The quarter ending June 30, 2026, produced revenue of EUR 671.00 million, up 22.22 percent from EUR 549.00 million in the prior-year quarter, while reported earnings per share stood at EUR 0.07, according to Finanzen.ch on September 23, 2026.

Stock remains below yearly high

The Xetra quote reached EUR 79.00 during the September 23, 2026 session, while the reported 52-week range runs from EUR 63.18 to EUR 117.70. The current level is therefore closer to the yearly low than to the yearly high, leaving the market to weigh strong order visibility against valuation and delivery risk.

Hensoldt stock closed at EUR 78.48 on Xetra on September 22, 2026, after opening at EUR 77.16 and recording early turnover of 19,799 shares. The stock is a member of the MDAX, where the September 22 reference quote was EUR 77.30 at 5:35 p.m., according to the listed market data.

EUR 78.70 marks the reference quote

For the primary Xetra listing, Hensoldt stock stood at EUR 78.70 at 9:28 a.m. on September 23, 2026, up 1.8 percent from the session start. The reference price remains below the 52-week high of EUR 117.70 and above the 52-week low of EUR 63.18.