The earnings call highlighted strong order intake, revenue growth, and strategic positioning in the defense market, supported by successful refinancing and advancements in software-defined defense. However, challenges in logistics ramp-up, Optronics South Africa, and free cash flow decline were noted.

Company Guidance

During the Hensoldt AG H1 2025 Analyst Conference Call, the company reaffirmed its fiscal year 2025 guidance, emphasizing strong order intake and solid financial performance. The order intake for H1 2025 reached EUR 1.4 billion, with a robust order backlog of over EUR 7 billion, indicating excellent visibility for future growth. Group revenue increased by 11% to EUR 944 million, driven by sustained momentum in the Optronics segment. The company anticipates a revenue range of EUR 2.5 billion to EUR 2.6 billion for 2025, with an expected adjusted EBITDA margin of around 18%. Adjusted EBITDA for H1 2025 was EUR 107 million, reflecting a margin of 11.3%. Despite a temporary lower productivity due to logistics ramp-up, Hensoldt expects improvements as the year progresses. Additionally, the company highlighted strategic investments in its logistics center and the Oberkochen site, which are expected to enhance long-term competitiveness and operational efficiency. Adjusted free cash flow stood at minus EUR 181 million, influenced by investments in working capital. The company maintains a disciplined deleveraging path, targeting a leverage of around 1.5x and a dividend payout ratio of 30% to 40% of adjusted net income.

Strong Order Intake and Backlog

Order intake in H1 2025 reached EUR 1.5 billion, with a record order backlog exceeding EUR 7 billion, providing excellent visibility for future growth.

Revenue Growth

Group revenue increased by 11% to EUR 944 million, driven by strong momentum in the Optronics business, with core revenue growing by 14% excluding pass-through.

Strategic Positioning

Hensoldt is well-positioned to benefit from increased German defense spending and European procurement programs, with significant anticipated orders for platforms like the Eurofighter and the Leopard 2 tank.

Pioneering Software-Defined Defense

The appointment of Sven Heursch as Head of Software-Defined Defense and Digitalization is expected to accelerate progress in this strategic area.

Successful Refinancing

Hensoldt successfully issued a EUR 300 million promissory note loan, strengthening its capital structure and financial flexibility.

HENSOLDT AG (DE:HAG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:HAG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 07, 2025	2025 (Q3)	0.81 / -	-0.16	―	―	―
Jul 31, 2025	2025 (Q2)	0.19 / -0.10	-0.085	-17.65% (-0.01)	―	―
May 07, 2025	2025 (Q1)	-0.22 / -0.26	-0.13	-100.00% (-0.13)	―	―
Feb 27, 2025	2024 (Q4)	1.40 / 1.54	0.565	172.57% (+0.98)	―	―
Nov 06, 2024	2024 (Q3)	0.22 / -0.16	-0.16	0.00% (0.00)	―	―
Jul 26, 2024	2024 (Q2)	0.11 / -0.09	0.134	-163.43% (-0.22)	―	―
May 07, 2024	2024 (Q1)	-0.07 / -0.13	-0.105	-23.81% (-0.03)	―	―
Feb 23, 2024	2023 (Q4)	1.11 / 0.56	0.74	-23.65% (-0.18)	―	―
Nov 09, 2023	2023 (Q3)	0.46 / 0.12	0.152	-18.42% (-0.03)	―	―
Jul 28, 2023	2023 (Q2)	0.22 / 0.13	0.03	346.67% (+0.10)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:HAG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	€92.65	€96.10	+3.72%
May 07, 2025	€69.40	€68.70	-1.01%
Feb 27, 2025	€50.66	€53.19	+4.99%
Nov 06, 2024	€31.68	€32.27	+1.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does HENSOLDT AG (DE:HAG) report earnings?

HENSOLDT AG (DE:HAG) is schdueled to report earning on Nov 07, 2025, TBA (Confirmed).

What is HENSOLDT AG (DE:HAG) earnings time?

HENSOLDT AG (DE:HAG) earnings time is at Nov 07, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of HENSOLDT AG stock?

The P/E ratio of HENSOLDT AG is N/A.

What is DE:HAG EPS forecast?

DE:HAG EPS forecast for the fiscal quarter 2025 (Q3) is 0.81.

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