Category: Security policy

Countries around the world are increasing their defence spending. Hensoldt AG, which manufactures radar equipment and optronics for military purposes, among other things, is also benefiting from this. In the past financial year, the order backlog rose by 55 per cent to a record 3.4 billion euros thanks to a series of new major projects. The turnover generated increased by 8.3 per cent to 1.2 billion euros. Despite start-up losses in the early phase of major projects, the adjusted EBITDA margin (earnings before interest, taxes, depreciation and amortisation) improved to 18.2 percent, which corresponds to EUR 219 million. As a result, the adjusted free cash flow also increased from 75 million to 196 million euros. CEO...