OHB reported nine-month revenue of €912.6 million on November 12, 2026, an 11% increase from the comparable 2025 period. Its financial results also showed a €3.937 billion order backlog at September 30, compared with €3.117 billion a year earlier.
Adjusted earnings before interest, taxes, depreciation and amortization rose 23% to €99.7 million. Net profit declined 22% to €19.1 million. Total operating performance, the company’s broader production measure, increased 10% to €946.5 million.
The figures describe different levels of the income statement. Revenue measures recognized sales. EBITDA excludes interest, taxes, depreciation and amortization, and an adjusted measure also removes specified items under the company’s calculation. Net profit incorporates the expenses reflected in the final earnings result.
Satellite Programs Dominate the Backlog
The Space Systems segment accounted for €3.202 billion of OHB’s backlog. Access to Space contributed €456 million and Digital €279 million.
OHB’s nine-month interim report describes Space Systems as the group’s spacecraft, payload and instrument business. Its applications include weather and environmental observation, communications, navigation and reconnaissance.
Access to Space encompasses launcher components, structures and tanks, small-launch development and launch infrastructure. The Digital business supplies ground systems, antennas, satellite operations and data-related services. These activities connect spacecraft production with launch equipment and the systems used after a mission reaches orbit.
Backlog measures contracted work still to be performed or recognized as revenue. It can extend over several reporting periods because satellite programs involve design, manufacturing, integration and testing before delivery.
OHB’s recent contracts include the platforms for 18 medium-Earth-orbit satellites in IRIS², Europe’s secure satellite communications program. That contract has a value just below €1 billion.
The company also announced the €554 million Sentinel-3 contract on November 4. It covers the first Next Generation Topography satellite and includes an option for a second spacecraft. The mission is part of the Copernicus Earth observation program.
Reported and Adjusted Earnings
The interim report records unadjusted nine-month EBITDA of €67.5 million, compared with €74.9 million in the previous year. Unadjusted earnings before interest and taxes were €34.7 million, down from €45.3 million. These measures accompany the company’s higher adjusted earnings figures.
Third-quarter revenue alone was €312.5 million, compared with €283.9 million a year earlier. Quarterly net profit was €14.3 million, up from €12.9 million, even though the cumulative nine-month net profit was lower.
OHB retained its 2026 forecast of €1.4 billion in total operating performance and an adjusted EBITDA margin of 10.5%–11%.
