OHB stock extends slide as 9M profit falls despite operating growth
Published on 11/12/2026 at 17:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOHB combines growth with profit pressure
- Nine-month operating performance and adjusted earnings rose strongly year on year.
- Net profit and earnings per share declined despite higher revenue and EBITDA.
- Management confirmed its 2026 guidance, while the larger backlog supports long-term visibility.
OHB's nine-month results released on Thursday, November 12, showed stronger operating performance but weaker bottom-line earnings. The figures, reported by ad-hoc-news.de, kept the company's 2026 outlook unchanged.
At 17:48 CET, OHB stock traded at EUR 194.10 on Lang & Schwarz, 3.43 percent below the EUR 201.00 quote in the earlier report from Thursday, November 12, at 12:30 CET, but 0.78 percent above the Xetra close of EUR 192.60 on Thursday, November 12.
Operating earnings move higher
Total operating performance rose 10 percent to EUR 946.5 million in the first nine months of 2026. Revenue increased 11 percent to EUR 912.6 million, while adjusted EBITDA advanced 23 percent to EUR 99.7 million and adjusted EBIT gained 30 percent to EUR 66.9 million.
The bottom line weakened. Earnings before taxes fell to EUR 28.1 million from EUR 36.8 million a year earlier. Net profit declined 22 percent to EUR 19.1 million, and earnings per share fell to EUR 0.96 from EUR 1.20.
Backlog supports the outlook
OHB's order backlog reached EUR 3.937 billion after nine months, compared with EUR 3.117 billion a year earlier. The company highlighted its nearly EUR 1 billion IRIS2 contract and the EUR 554 million Sentinel-3 Next Generation Topography contract for the first satellite.
Management confirmed 2026 guidance for total operating performance of EUR 1.4 billion and an adjusted EBITDA margin of 10.5 percent to 11.0 percent. The stronger backlog improves long-term revenue visibility, but the decline in net profit remains a key issue for investors assessing earnings quality.
OHB SE at a glance
- Company: OHB SE
- ISIN: DE0005936124
- Ticker: OHB.DE
- Lang & Schwarz price: EUR 194.10 at 17:48 CET on November 12, 2026
- Xetra close: EUR 192.60 on November 12, 2026
- Nine-month operating performance: EUR 946.5 million, up 10 percent year on year
- Nine-month adjusted EBITDA: EUR 99.7 million, up 23 percent year on year
- Order backlog: EUR 3.937 billion
The wider German equity market is tracked through the DAX.
Further developments around OHB stock, its contracts and financial outlook are available in More news and analyses on OHB stock.
