HENSOLDT Reports Record Order Backlog for 2024

HENSOLDT AG announced a record order backlog for the financial year 2024 with an order intake of EUR 2,904 million, surpassing last year's EUR 2,087 million. The book-to-bill ratio improved to 1.3x compared to the previous 1.1x. Revenue increased to EUR 2,240 million, a 21.3% rise from the prior year. Adjusted EBITDA reached EUR 405 million, outperforming expectations with a 19.4% margin before pass-through business.

The company continued its growth in the European defence electronics market, highlighting a significant contribution from European partner countries. Major orders included TRML-4D radars and services for the German Bundeswehr. The order backlog increased 20%, reaching EUR 6,644 million.

CEO Oliver Dörre expressed confidence in future demand for defence and security solutions, while CFO Christian Ladurner noted a path of sustainable growth and a 25% proposed increase in dividends. HENSOLDT anticipates further positive developments and set revenue targets between EUR 2,500 and 2,600 million for 2025.