OHB Hits All-Time High as Record €3.35 Billion Backlog Opens New Frontiers
15.05.2026 - 03:03:15 | boerse-global.de
Shares in OHB SE soared to an all-time high of €343 on Tuesday after the Bremen-based space group delivered first-quarter numbers that blew past market expectations, sending the stock up 6.6% in pre-market trading. The rally underscored investor confidence in a company that now sits on a historic €3.35 billion order book — enough to lock in years of production and make future revenues largely predictable.
Revenue for the three months to March rose 15% to €200.8 million, while adjusted EBITDA jumped 37% to €27.3 million, producing a stable operating margin of 9.7%. CEO Marco Fuchs highlighted the group's robust earnings power as a key buffer for the aggressive expansion plans now taking shape.
Contracts Fuel the Pipeline
The record backlog is anchored by the €250 million EPS-Sterna contract for 20 satellites, alongside mandates from the European Space Agency. OHB has been tapped for the RAMSES planetary defence mission, is developing the 16-satellite Eaglet-II constellation, and continues preparations for the maiden flight of the Ariane 64 rocket. In a further boost, the British subsidiary OHB Space UK secured a multi-million-euro ESA contract for the EnVision Venus probe — barely a year after its founding, it plans to create up to 100 new jobs in Bristol.
Should investors sell immediately? Or is it worth buying OHB SE?
Beyond Satellites: Moonport and Defence Talks
The company is also venturing into new territory. The creation of the "European Moonport Company" marks a strategic push into lunar infrastructure, diversifying beyond traditional satellite and launcher programmes. Meanwhile, OHB is in discussions with Rheinmetall about a potential partnership on public procurement projects — a move that could open up defence-related markets and further broaden the group's portfolio.
Analysts have responded positively to the direction, with the consensus forecasting earnings per share of $4.28 for the full year. Management has yet to issue a specific revenue guidance for 2026, but the sheer visibility from the backlog provides a clear financial runway for the quarters ahead.
Next Milestone: Capital Markets Update
All eyes are now on 18 May, when OHB will host a Capital Markets Update. Investors expect the board to lay out the multi-year strategy behind its record order intake, the UK expansion, and the new business lines. With the shares already at a historic peak and the balance sheet carrying all the momentum of a full pipeline, the event could either cement the rally or reveal new hurdles. For now, the space group is flying high on the back of a full order book and a rapidly widening horizon.
Ad
OHB SE Stock: New Analysis - 15 May
Fresh OHB SE information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
So schätzen die Börsenprofis OHB Aktien ein!
FĂĽr. Immer. Kostenlos.
