OHB Reports Revenue Increase, But Lower Net Income
[Satellite Today – 3-14-08] German space technology company OHB Technology AG reported a 20 percent increase in revenues for 2007 but a 16 percent decrease in net income, the company announced March 13.
OHB had 223 million euros ($343.9 million) in total revenues for the year, compared to 185.7 million euros ($286.4 million) in 2006. Revenues in the Space and Technology business unit rose to 69.8 million euros ($107.6 million), compared to 63 million euros ($98.1 million) in 2006. Space Transportation and Aerospace Structures, the largest business unit, raised its total revenues to 119.4 million euros ($186 million) in 2007, a 15 percent increase over 2006’s 103.4 million euros ($161 million).
The Telematics and Satellite Operations unit achieved total revenues of 16.5 million euros ($25.7 million) in 2007, up from 15.5 million euros ($24.1 million) a year ago.