OHB Shares Retreat Despite Record Financial Performance and Historic Contract Win

OHB SE shares fall despite record €3.19B backlog, 21% revenue growth, and a landmark €248M Arctic weather satellite constellation contract with EUMETSAT.

Shares of Bremen-based aerospace group OHB SE are experiencing notable downward pressure in today's trading session. This movement comes despite the company reporting a series of robust operational achievements, including record order intake and significant revenue growth, suggesting external market factors are at play.

Financial Performance Hits New Highs

The company's recently concluded fiscal year 2025 demonstrates substantial momentum. Group revenue advanced by 21 percent to reach €1.25 billion, with adjusted operating earnings hitting €84 million. Perhaps most impressive is the firm's order backlog, which has swelled to a historic peak of €3.19 billion. The Space Systems division accounts for the lion's share of this figure, contributing €2.51 billion.

A Landmark Satellite Contract

A significant contributor to this record backlog is the EPS-Sterna contract finalized in mid-March. Valued at €248 million, this agreement with EUMETSAT involves the construction of a 20-satellite constellation for Arctic weather observation. It stands as the largest satellite contract ever awarded in Sweden's history. The initial six satellites are scheduled for launch in 2029. EUMETSAT estimates the economic value generated for Europe by this constellation will total €30 billion.

This major award was secured on the strength of OHB Sweden's prior work on the Arctic Weather Satellite. That project demonstrated a capability to move from contract signing to launch in a mere three years. The underlying InnoSat platform enables the rapid, cost-effective, and serial production of small satellites—a distinct competitive edge in Europe's expanding New Space sector.

Revised Growth Trajectory

Reflecting this operational confidence, management used its Capital Market Day in January 2026 to outline upgraded financial targets. The company now aims for revenue of €1.4 billion in 2026, followed by €1.7 billion in 2027. The goal is to surpass the €2 billion revenue mark from 2028 onward. Investors will get an early indication of progress toward these ambitious goals when OHB releases its Q1 2026 quarterly report on May 7, 2026.

The current divergence between the company's strong fundamental metrics and its share price performance highlights a market currently weighing broader concerns more heavily than these standout operational results.