OHB stock falls 3.45 percent after RFA names a new CEO

Published on 10/07/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

OHB stock is trading at EUR 162.20 on Xetra on October 7 as RFA appoints Alexander Dahm. H1 adjusted EBITDA rose to EUR 60.4 million.

OHB, DE0005936124, Illustration mit AI erstellt.

OHB stock (ISIN DE0005936124) was trading at EUR 162.20 on Xetra on October 7, 2026 at 1:12 p.m. CEST, down 3.45 percent from the previous close of EUR 168.00. The immediate company event is a management change at Rocket Factory Augsburg, where Alexander Dahm became CEO on October 5, 2026, according to EQS News.

RFA enters a new phase

Dahm succeeds Indulis Kalnins and is responsible for RFA's continued development and its path toward the maiden flight of the RFA ONE launch vehicle. The new CEO brings more than 30 years of aerospace and defense experience, including senior roles at HENSOLDT and Airbus, according to EQS News.

The appointment changes the operational leadership of a launcher business that remains focused on its first flight. For OHB, the relevant investor question is whether industrial execution can convert the subsidiary's development work into a launch milestone.

Revenue grows while profit weakens

OHB reported EUR 329.2 million of revenue in Q2 2026, up 7.0 percent from EUR 307.7 million in Q2 2025, according to NadirAlpha. The same Q2 period produced a net loss of EUR 5.1 million and diluted EPS of negative EUR 0.27, compared with net income of EUR 7.1 million and EPS of EUR 0.37 a year earlier.

The half-year picture is more balanced: adjusted EBITDA increased from EUR 45.9 million in H1 2025 to EUR 60.4 million in H1 2026, while the adjusted EBITDA margin reached 9.6 percent. Management's FY2026 guidance calls for EUR 1.4 billion of revenue and an adjusted EBITDA margin between 10.5 percent and 11.0 percent, according to OHB.

Analysts see a higher target

Investing.com lists a Strong Buy consensus from 9 analysts, with an average 12-month price target of EUR 304.222, a high target of EUR 360.00 and a low target of EUR 250.00. The average target lies 87.56 percent above the EUR 162.20 Xetra price.

The next scheduled test arrives on November 12, 2026, when OHB plans to publish its nine-month 2026 results and hold the related earnings call, according to OHB. That report will show whether the stronger half-year adjusted EBITDA can offset the weaker second-quarter bottom line.

OHB stock trades below its target

OHB stock was trading at EUR 162.20 on Xetra on October 7, 2026 at 1:12 p.m. CEST, with a market capitalization of EUR 3.4 billion and volume of 9,043 shares. The 52-week range was EUR 95.00 to EUR 685.00.