Hensoldt Achieves 25% Revenue Growth and Record Order Book in Q1 2024
Strong Q1 Performance and Outlook for Hensoldt
Q1 Revenue and Order Book Highlights
May 6 (Reuters) - German defence contractor Hensoldt reported higher first quarter revenue on Wednesday, as orders to equip infantry fighting vehicles and contract extensions for the Eurofighter Mk1 kicked in.
The sensors and electronic warfare specialist recorded a 25% rise in revenue compared to last year's level, to 496 million euros ($580 million)
Record Order Book Growth
Similarly, Hensoldt's order book reached a record-breaking 9.80 billion euros by the end of the quarter, from 6.93 billion euros a year ago.
CEO Statement on Strategic Demand
"For us, this is not just a strategic signal, but increasingly concrete demand. Our strong first quarter shows how this development is already being reflected in programmes and procurement," CEO Oliver Doerre said in statement.
Product Portfolio and Market Position
Hensoldt's sensors equip platforms from the Eurofighter Typhoon to the Puma infantry fighting vehicle.
Financial Guidance and Outlook
The company also confirmed its full-year guidance, saying it expects to achieve a revenue of around 2.75 billion euros and a book-to-bill ratio of 1.5x to 2.0x.
($1 = 0.8546 euros)
(Reporting by Tristan Veyet in Gdansk, editing by Matt Scuffham)
