Satellite and rocket builder OHB reports higher revenue, lower profit and a 14% growth in employment in 2018

by Peter B. de Selding

PARIS — Satellite and rocket-component builder OHB SE, which reached its target of 1 billion euros ($1.14 billion) in 2018 revenue, is diversifying its satellite portfolio to cover the range from 3u cubesats to 3,000-kilogram telecommunications satellites.

The company’s billion-euro sales year, an increase of 16% from 2017, came at the cost of profitability. EBITDA margin fell to 6.5% of revenue from 6.8% the previous year.

OHB said its reliance on third-party contractors increased its cost of goods purchased . . .

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