Armaments group Hensoldt with growth in core business
The defense electronics group Hensoldt has benefited from strong growth in its core business in the first nine months in the face of increasing global tensions. Although the turnover of the MDax-listed company only rose from 1.1 to just under 1.14 billion euros between January and the end of September, the core business increased by 15 percent, as Hensoldt announced in Taufkirchen on Thursday. Adjusted for special effects, earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) jumped by almost a fifth to 151 million euros. The management led by Group CEO Thomas Müller spoke of an increased need for security in the world and expressed confidence in achieving the annual targets.
In the past quarter, the Group received orders for TRML-4D radars for the Puma and Leopard 2 tanks, among other things. However, at just under 1.3 billion euros, incoming orders were slightly below the previous year's figure. At that time, Hensoldt had still benefited from several major orders for the Eurofighter.
On the bottom line, however, the Group posted a loss of five (previous year: minus 1) million euros for the past quarter. This was due to higher interest expenses, among other things.
The defense industry sector, specifically Hensoldt, reported an impressive 15% growth in its core business for the first nine months, reflected in the quarterly figures. Despite a slight decrease in incoming orders compared to the previous year, the Group's defense electronics continue to contribute significantly to their growth, as demonstrated by the orders for TRML-4D radars for Puma and Leopard 2 tanks.
Source: www.dpa.com
