Hensoldt Continues Its Growth Trajectory with Revised Forecast

Hensoldt, a leading radar specialist, is maintaining its growth momentum thanks to a surge in defense investments across Germany and Europe.

According to CEO Oliver Dörre, speaking from Taufkirchen, this trend is part of the "turning point 2.0," which is beginning to manifest in tangible ways. The increased demand has led to the confirmation of the company's revised annual forecast and medium-term targets set at the end of October. From January to September, Hensoldt's order intake rose by 8.7% compared to the same period last year, reaching over €2 billion. This increase has resulted in a record-high order backlog of €7.1 billion.

The company, listed on the MDax, has benefited from extended contracts related to Eurofighter radar systems and the upgrade of optronic systems for submarines. Revenue for the period saw an 11.6% rise to more than €1.5 billion, while the adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 12.8% to €211 million. The EBITDA margin improved slightly from 13.6% to 13.7%, surpassing analysts' expectations. Looking forward, Hensoldt expects its order intake for the year to be 1.6 to 1.9 times its revenue, significantly higher than the previously targeted 1.2 times. The adjusted EBITDA margin is anticipated to be at least 18%, marginally better than the previous forecast of approximately 18%. However, the revenue is projected to reach only the lower end of the previous range at €2.5 billion. Despite this, the company remains optimistic, aiming for revenues to rise to as much as €6 billion by 2030.