Hensoldt confirms FY24 outlook and raises mid-term adjusted EBITDA margin view.

From Nasdaq Inc.: 2024-12-12 02:01:55

Hensoldt AG confirms outlook for fiscal 2024 and raises parts of its medium-term target at Capital Markets Day in London. Expects moderate increase in adjusted EBITDA and revenue of about 2.3 billion euros with high order backlog. Adjusted EBITDA margin before pass through business to be around 18-19% in 2024. Order backlog for first nine months of fiscal year 2024 at 6.5 billion euros. Adjusted EBITDA margin outlook raised to around 20% in medium term. Targeting low double-digit percentage revenue growth rate for 2025 with 86% of forecast revenues already covered by existing order backlog. Anticipates strong growth in defence spending in future. Aiming for revenues of around 5 billion euros by 2030 primarily through organic growth. Preliminary results for full year 2024 to be published on February 27.



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