OHB Shareholders Brace for a Virtual AGM as the Stock Swings From Highs to Lows on a €3.35 Billion Backlog
02.06.2026 - 13:11:38 | boerse-global.de
The clock is ticking for OHB SE investors. With the virtual annual general meeting set for 8 June, the deadline for submitting electronic statements on the agenda items expired at midnight, while those wishing to grant proxy via post or email must act by 18:00 MESZ on 7 June. All this unfolds against the backdrop of a share price that has become a study in extremes: the 52?week range spans a staggering €64 to €688, and the stock has whipsawed by €44 in a single session this week.
On the first day of June alone, the stock tumbled 7.01 percent on Xetra to close at €411.50, after opening at €456.50 and hitting an intraday low of €407. The following morning on Tradegate it hovered around €408, in a narrow band of €406 to €409. Yet zooming out shows a different picture: the shares have gained 465 percent over the past twelve months, a reflection of the sweeping repricing underway across the European space and defence sector.
The convulsive moves appear driven less by a single catalyst than by the market over?shooting in both directions. On one side, the company’s defence exposure and rising European Space Agency budgets fuel a powerful narrative; on the other, the sheer altitude of the price repeatedly triggers profit?taking. The 8 June AGM, held entirely online without physical shareholder presence, will be watched closely for any signal that could tip the balance.
Should investors sell immediately? Or is it worth buying OHB SE?
What anchors the bullish case is the order book. The three?month report for the first quarter of 2026 shows total performance climbing to €279.3 million from €242.4 million a year earlier, while EBITDA reached €25.7 million and EBIT €15.2 million. More telling for a capital?goods business: the order backlog surged 45 percent year?on?year to €3.35 billion, up from €2.31 billion. That pile of contracted work – spanning satellite programmes, defence orders and European space strategy – underpins long?term utilisation rates.
Management’s own guidance sketches a clear trajectory. For the full year 2026, OHB expects total output of €1.4 billion and an EBITDA margin of 11 percent. By 2028, the target is total performance above €2 billion and a margin exceeding 12 percent. The first?quarter numbers reinforce that path: group revenue advanced to €271 million from €229 million, while net profit jumped to €9.9 million from €4.0 million.
Yet for all the operating momentum, the shares remain hostage to extreme expectations. The virtual AGM on 8 June will address the usual resolutions – appropriation of the 2025 profit, approval of the remuneration report, and discharge of management and the supervisory board. Investors will be listening for any upgrade to the published guidance. Until then, the stock is likely to stay a volatile battleground between those betting on a structural re?rating and those taking chips off the table after a 465?percent annual surge.
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