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Research update: OHB

January 19, 2012



Good news phase expected

We believe OHB should have ... over the next few months. The space technologies group holds an annual capital markets day on 8th February. A month later on 15 March the group should report full year 2011 results. These could show ...


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Research update: OHB

September 05, 2011



Defensive with strong long term growth

Stock market volatility and falls were exceptional in August. The DAX index ended the month down 19%. OHB shares fell by 16% during the month. However, since the start of 2011 OHB’s shares have ...


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Research update: OHB

July 11, 2011



More orders, higher earnings but lower share price

OHB has dropped the word Technology from its name, but remains a leading space technologies and niche aerospace group. OHB is expected to report first half 2011 results on ...


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Research update: OHB Technology

March 11, 2011



Past decade gives base for solid future

Ten years ago OHB Teledata was listed on the German stock market at €10.5 per share. The initial market capitalisation was €78m. The group focused on telematics but in 2002 the long-duration space activities of ...


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Research update: OHB Technology

September 30, 2010



To infinity and beyond…

OHB Technology’s long-term potential continues to grow from strength to strength. Following steady targetted successful niche acqusitions and winning major European satellite building orders the company has began to ...


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Research update: OHB Technology

May 31, 2010



Base for solid growth

OHB Technology’s first quarter 2010 sales jumped by 47%, but net profits rose by just 10%. However, the space technologies group’s orders on hand soared by ...


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Research update: OHB Technology

January 11, 2010



Rocketing order books

OHB Technology has won the first prime contract to build almost half of Europe’s Galileo satellite navigation system. The order is worth some €566 million over the next few years. The system is to be ...


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Research update: OHB Technology

November 24, 2009



Stellar performance with even brighter prospects

Europe’s third largest satellite manufacturer and major rocket components producer has reported solid progress in 2009. The group has also almost completed its focus on ...


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Research update: OHB Technology AG

August 26, 2009



Consolidating position on space activities

Germany’s leading independent space technologies group has bought Carlo Gavazzi Space, Europe’s fifth largest independent satellite manufacturer. The company was already controlled by ...


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Research update: OHB Technology AG

August 07, 2009



Resilient with secure potential

Germany’s leading independent space technologies group remains on course for renewed solid earnings growth. The group has been largely unaffected by ...


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Research update: OHB Technology AG

February 05, 2009



Rocketing orders

Next week Germany’s leading independent space technologies group holds its annual capital markets day. Results for 2008 should be largely unaffected by the international credit crisis and economic uncertainties. High orders on ...


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Research update: OHB Technology AG

June 13, 2008



Heavy discount for low liquidity

Despite being Germany’s leading independent space technologies group with massive orders on hand and solid earnings prospects the shares have drifted ...


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Research update: OHB Technology AG

October 25, 2007



Niche acquisitions enhance opportunities

OHB Technology is Germany's leading independant space technologies group. Strong growth is coming from orders for niche and specialist satellite building contracts and for large rocket components on the Ariana 5. Growth is further enhanced by recent niche investments.

Satellite orders. Germany's first reconnaissance satellite was successfully launched in December 2006 and the second in ...


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Research update: OHB Technology

February 28, 2007



Valuable space

OHB Technology's first reconnaissance satellite was launched for the German government in December 2006. It has exceeded even the most optimistic expectations. Images are believed to be vastly superior to anything elsewhere in the world. Japan's recently launched...


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Research update: OHB Technology

November 07, 2006



Revealing more value with ORBCOMM

The NASDAQ listing last week of the low Earth orbit satellite group ORBCOMM further highlighted OHB Technology's hidden value. Germany's leading space technologies group's 11% participation before the...


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Research update: OHB Technology AG

April 06, 2006



Revealing value

Germany’s leading space technologies group reported strong 2005 results, helped by the acquisition of MT Aerospace, a major participant in the Ariane 5 rocket. Underlying group prospects are increasingly favourable in all three divisions. Real value is also becoming increasingly apparent. Space systems and security. The division designs, builds and develops small and micro-satellites as well as runs ground stations for data transmission and information processing. These activities have some ...


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Research note: OHB Technology AG

October 31, 2005



Heavily undervalued

OHB Technology is Germany’s market leader in the design, building and developing of small and micro-satellites. The group also runs ground stations
data transmission and information processing. With the recent acquisition ...


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