Thomas Müller, CEO of HENSOLDT AG, says: “We are delighted to have been accepted into the MDAX family less than three years after our successful IPO on the Frankfurt Stock Exchange. Since the foundation of our company in 2017, we have shown that we always meet or even exceed the goals and promises we set ourselves. Without the trust of our investors and the great commitment of our employees over the past years, this unique success story would not have been possible. For this, I would like to express my sincere thanks on behalf of the entire Executive Board. The new chapter MDAX is synonymous with the new role and responsibility that we now have as a defence industry. The turn of the times has thus also arrived on the capital market. Our task is to supply the Bundeswehr and the armed forces of our partners reliably, comprehensively and quickly. Most recently, we delivered our modern high-performance TRML-4D radar for air defence to Ukraine in record time. We are thus making an important contribution to protecting the Ukrainian civilian population from the attacks of the Russian aggressor. This shows the value of a strong and innovative European defence industry. We know what challenges a modern defence entails. HENSOLDT will therefore continue to be a leading player in driving the technological future of defence and security.”
Christian Ladurner, CFO of HENSOLDT AG, says: “Today is a special day for HENSOLDT. The promotion to the MDAX is proof of our successful growth course over the past years. Today, HENSOLDT is a leading player in the European defence industry, with an attractive and innovative business model and a sustainably strong financial basis.”
HENSOLDT was founded as an independent company in 2017 when it was spun off from Airbus Group and went public only three years later in September 2020. Since then, HENSOLDT has consistently pursued its growth course and continuously increased its innovative strength. In recent years, HENSOLDT has increased investments, expanded its product portfolio and made strategic acquisitions worldwide. A major milestone in the company’s history to date was the billion-dollar order to supply the PEGASUS signal-capturing and airborne reconnaissance system. Today, HENSOLDT also plays a leading role in key European projects such as the Eurofighter, FCAS and MGCS. Since going public, the company has grown faster than the overall defence electronics market and has more than doubled its order book. HENSOLDT has also grown significantly in terms of personnel, increasing its workforce by more than 1,000 employees in the past three years. The company has developed its own sustainability strategy and set the goal of being CO2 neutral by 2035.
In the 2022 business year, HENSOLDT achieved or exceeded its targets in all relevant key figures. With a strong order intake of EUR 1,993 million, the order backlog climbed to a record level of EUR 5,366 million (previous year: EUR 5,092 million). Revenue showed significant growth of 16% to EUR 1,707 million in 2022 (previous year: EUR 1,474 million). Adjusted EBITDA increased by EUR 31 million year-on-year to EUR 292 million (previous year: EUR 261 million). The adjusted EBITDA margin before low value-added business volume also increased significantly to 20.4% (previous year: 19.4%).
For the 2023 financial year, the company anticipates budget increases and the first orders from the Bundeswehr special fund, which is why faster growth in order intake and an increase in core sales are now expected. Specifically, HENSOLDT expects moderate growth in order intake and a moderate increase in core sales for 2023. The ratio of order intake to revenue is expected to be between 1.1 and 1.2, and the adjusted EBITDA margin before lower value-added business is expected to be around 19%. HENSOLDT plans to reduce the gearing ratio to below 1.0x in the 2023 financial year.
