Hensoldt, German defence contractor, has reported €1.37bn ($1.47m) revenue for the first nine months of 2024, marking a 21.3% increase from €1.13bn in the same period the previous year.
The company’s adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) also rose to €187m from €151m a year earlier.
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The growth in Hensoldt’s core business, coupled with the first-time consolidation of the ESG Group, has been attributed for these results.
The adjusted EBITDA margin has seen an improvement, rising to 13.6% from 13.3% in the prior year.
Basic and diluted loss per share was reported at €0.40, compared with a loss of €0.20 in the same period in 2023.
The company’s order intake has also climbed to €1.85bn from €1.28bn the previous year.
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By GlobalDataThis surge has contributed to the order backlog growing by nearly €1bn year-on-year to €6.51bn.
The acquisition of ESG Group, completed on 2 April 2024, is expected to generate both cost and revenue synergies through joint market positioning.
Hensoldt Group CEO Oliver Dörre said: “The strong first nine months of 2024 underscore the positive development – particularly in the area of operational excellence – as well as the growth potential of Hensoldt. After just 200 days we have largely completed the post-merger integration of ESG: central functions are fully integrated, and the relevant processes are implemented.
“This means that there is nothing to stop the full operational integration of ESG being completed at the turn of the year! We consistently expand Hensoldt’s position as a reliable partner to our customers, both nationally and internationally, and we keep our promises.”
Hensoldt expects strong growth in order intake, revenue, and adjusted EBITDA for the fiscal year 2024, with the ESG Group contributing to this growth.
In August 2024, the company secured a contract for the delivery of “Dynahawk” fire control sights from the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support.
This included deliveries scheduled for 2024 and 2025, and an option for additional systems in 2026.
