Hensoldt stock falls after a 2.52 percent drop

Published on 09/07/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hensoldt stock slipped to EUR 79.70 on September 6, 2026, after a 2.52 percent drop. Half-year 2026 revenue rose 23.6 percent to EUR 1.167 billion, and adjusted EBITDA increased 28.5 percent to EUR 137 million.

Großes Radarsystem von Hensoldt AG bei Sonnenuntergang auf Berghügel — Hensoldt AG Radarsystem auf Hügel bei Sonnenuntergang fotografiert, ISIN DE000HAG0005 Rüstungselektronik Deutschland, Illustration mit AI erstellt.

Hensoldt stock (DE000HAG0005) traded at EUR 79.70 on September 6, 2026, after a 2.52 percent drop, while market capitalization stood at EUR 9.205 billion.

The latest half-year figures give the move a clear backdrop: in half-year 2026, orders reached EUR 2.812 billion, about twice the prior-year level, revenue rose 23.6 percent to EUR 1.167 billion, and adjusted EBITDA increased 28.5 percent to EUR 137 million.

Backlog tops EUR 10 billion

That same half-year report showed an order backlog above EUR 10 billion for the first time, with a book-to-bill ratio of 2.4x against a target range of 1.5x to 2.0x. Cash flow remained negative at minus EUR 136 million, but the cash-conversion target for 2026 was raised from 40 percent to 50 percent of adjusted EBITDA.

Optronics drives growth

The Optronics segment stood out in the period, with order intake jumping from EUR 164 million to EUR 971 million. Management also confirmed the full-year 2026 outlook for revenue of about EUR 2.75 billion and an adjusted EBITDA margin of 18.5 percent to 19.0 percent.

Go deeper

Hensoldt order growth and margin outlook

Half-year 2026 figures point to stronger order momentum, a higher backlog, and a raised cash-conversion target.

Hensoldt stock coverage Investor Relations

Radar systems stay central

Hensoldt's radar and optronics systems remain the core business drivers behind the half-year order surge. For investors, the key number is the gap between revenue at EUR 1.167 billion and the backlog above EUR 10 billion, which still points to a large pipeline beyond the first half of 2026.

EUR 79.70 on September 6

The share price snapshot on September 6, 2026 put Hensoldt stock at EUR 79.70, with the market value at EUR 9.205 billion. The same snapshot showed a 2.52 percent daily decline, so the stock still trades far below the October 2025 52-week high of EUR 117.70.