$HAG (-3,1%)
Hensoldt AG quarterly results from Friday:

Short presentation:

HENSOLDT is a pioneer of technology and innovation in defense and security electronics. The company, based in Taufkirchen near Munich, is a German champion with strategic leadership positions in the field of sensor solutions for defense and security applications.

Among other things, the company develops and produces radar systems for the "Eurofighter" and air defense as well as protection systems for "Leopard" and "Puma" tanks and markets certified avionics systems that work together with a variety of third-party avionics and sensor systems. The high-end products are in use worldwide and are characterized by their flexibility and modular concept.

About the earnings:

Hensoldt order book thicker than ever - forecast confirmed

In view of the growing European defense budgets, orders are piling up at the defense electronics group Hensoldt. In the first six months, orders totaling 1.36 (previous year: 1.07)

billion euros, 27 percent more than a year earlier, the company announced on Friday in Taufkirchen near Munich. These included, in particular, the German Armed Forces order for a new air defense system and the order for additional TRML radars for Ukraine's air defense. This increased the order backlog by almost 900 million to a record 6.55 billion euros. Hensoldt's consolidated turnover rose by 17% to EUR 849 million in the first six months of 2024, to which the acquired military service provider ESG contributed EUR 82 million.

The adjusted operating result (EBITDA) improved by 26 percent to 103 million euros. The development confirms "that our strategy is taking effect and that we have set the right course, especially in operational terms," said the new CEO Oliver Dörre. For the year as a whole, Hensoldt continues to expect turnover of around 2.3 billion euros and an adjusted EBITDA margin of 18 to 19 percent.

At the bottom line, however, Hensoldt still posted a loss of 16 million euros, the same as in the same period last year, due to a deterioration in the financial result. The management confirmed the annual forecast and specified the sales outlook at around 1.85 billion euros.

EPS: 0.113 expected: 0.048

Turnover: 520M expected: 517.28M

Dividend yield: 1.03

The company has increased its dividend for 4 consecutive years.

Source:

reuters.com, tagesschau.de & investing.com