hensoldt
German specialist defence sector manufacturer Hensoldt on Friday reported higher preliminary revenue for fiscal 2023. The producer of sensor technology said its adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) jumped 12.8% to €329 million ($356 million) from €292 million in fiscal 2022. Revenue rose to €1.8 billion from €1.70 billion in the prior year, thanks to a 16% increase in core business volume. The order intake increased to €2.087 billion from €1.99 billion in the prior year. Looking forward to the full year, the company expects adjusted EBITDA margin aro...
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German competition regulators have approved defence contractor Hensoldt's bid to acquire the defence electronics firm ESG. The deal poses no "competition concerns, as the two companies have so far offered predominantly different products and services in the field of security and defence electronics," said the leader of Germany's Cartel Office, Andreas Mundt, on Thursday. Hensoldt, which is based outside of Munich, builds radar and detection systems for military clients. ESG, meanwhile, integrates various electronic components in defence systems such as fighter aircraft. The two companies are a...
DPA Breaking News
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