HENSOLDT Announces Strong Financial Performance in First Half of 2024

HENSOLDT Group has reported a strong performance for the first half of 2024, driven by a favorable business environment and increased defense spending. The company recorded an order intake of EUR 1,359 million, an increase from EUR 1,071 million during the same period last year. The order backlog also reached a new record of EUR 6,553 million.

Revenue grew by 17.0% to EUR 849 million, bolstered by the TRML-4D radars and major projects including PEGASUS and the Eurofighter radars. The adjusted EBITDA increased by 26.2% to EUR 103 million, improving the margin to 12.2%. The consolidation of ESG Group significantly contributed to this growth.

CEO Oliver Dörre emphasized that HENSOLDT's strategy is effective, while CFO Christian Ladurner highlighted the importance of air defense and the firm's robust order backlog. HENSOLDT anticipates continued positive business development, driven by high demand from German government funds and NATO countries, expecting revenues of approximately EUR 2.3 billion for the entire year.