OHB stock: NuWays sees 9M growth and EUR 340 target
Published on 11/02/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOHB enters results week
- OHB is scheduled to publish its first nine-month results for 2026 on November 12 and will hold an earnings call.
- NuWays expects continued growth, supported by the IRIS2 order and potential future awards in European space and defense programs.
- The analyst sees the main program-driven earnings uplift ahead as OHB converts its backlog.
OHB is entering an important results week ahead of its scheduled nine-month report on Thursday, November 12, 2026. The company lists the publication and an earnings call in its investor-relations calendar.
The upcoming figures will give investors a fresh view of order conversion and profitability after a strong first half. In its October 16 research note published by EQS News, NuWays forecast total output of EUR 347 million for the first nine months, representing year-on-year growth of 16 percent. The research firm also forecast EBITDA of EUR 39 million, up 16 percent, with an 11.2 percent margin.
Growth expectations meet new awards
NuWays linked its outlook to the conversion of OHB's existing backlog and to a series of potential contract catalysts. The analyst highlighted a nearly EUR 1 billion IRIS2 order for 18 medium-Earth-orbit satellite platforms, which OHB secured during the third quarter. The research note expects initial revenue from the program in the fourth quarter, with annual sales peaking in 2028 and 2029 as development moves into production.
The note also pointed to a letter of intent with the European Space Agency for the Sentinel-3 Next Generation Topography mission. NuWays estimated potential order intake of EUR 650 million if the project advances to a final contract. In defense, the analyst sees potential for OHB to secure a substantial share of the SATCOMBw 4 program, although the final contract value and allocation remain future decisions rather than confirmed orders.
NuWays maintained its BUY recommendation and a 12-month target price of EUR 340 in the October 16 publication. The assessment is an analyst view, not company guidance. For investors, the November 12 release will therefore be important for testing the expected pace of growth, the contribution from recently won programs and the outlook for order intake.
Share price and investor timetable
OHB stock traded at 230.25 euros on Lang & Schwarz at 09:41 CET on Monday, November 2, 2026. Investors can follow the real-time quote of OHB stock while awaiting the scheduled report.
OHB describes itself as a German aerospace and technology group operating across space systems, access to space and digital activities. The company says it employed approximately 4,000 people and generated total revenue of approximately EUR 1.2 billion in 2025.
The DAX provides the broader German market context for investors tracking OHB stock.
OHB's next scheduled financial milestone is the nine-month publication and earnings call on November 12. More news and analyses on OHB stock will follow the company's announcements and market developments.
OHB stock facts
- Company: OHB SE
- ISIN: DE0005936124
- Lang & Schwarz quote: EUR 230.25 on November 2, 2026 at 09:41 CET
- Next financial event: Nine-month results and earnings call on November 12, 2026
