DGAP-News HENSOLDT AG records strong order intake again and confirms 2021 guidance
DGAP-News: HENSOLDT AG / Key word(s): Quarter Results
HENSOLDT AG records strong order intake again
and confirms 2021 guidance
- Order intake of EUR 546.2 million in first quarter of 2021 significantly above
previous year and slightly above strong fourth quarter 2020
- First-quarter revenue of EUR 208.8 million likewise above previous year by 6.2%
- Adjusted EBITDA margin slightly down on previous year due to growth investments
- Full year guidance confirmed for all key performance indicators
Taufkirchen/Germany, 7 May 2021 - HENSOLDT AG ("HENSOLDT") once again secured important major orders in both the Sensors and the Optronics segments in the first quarter of 2021. At EUR 546.2 million (Q1 2020: EUR 184.6 million), the order intake was no less than EUR 8.3 million above the strong fourth quarter of 2020. This increased the order backlog to EUR 3,770 million. Revenue of EUR 208.8 million (Q1 2020: EUR 196.6 million) exceeded the previous year's level by 6.2%. Given the good business performance in the first quarter, HENSOLDT has confirmed its 2021 full year guidance for all key performance indicators.
Thomas Müller, CEO of HENSOLDT AG, said: "We are very proud to have maintained our growth trajectory from last year in the first quarter of 2021. The Quadriga contract as well as the surveillance and reconnaissance platform for the Dutch Fennek are impressive proof of our customers' strong confidence in our technological capabilities. With further orders close to being finalised, we are very optimistic about the current year. We deliver what we promise."
Axel Salzmann, CFO of HENSOLDT AG, said: "Our business is developing fully to plan, driven above all by steady conversion of our order backlog into revenue and by our ongoing cost discipline. To maintain the positive momentum in our business, we are selectively investing in expanding our production and development capabilities. While this investment affects our operating earnings, it is essential in order to maintain our growth path."