HENSOLDT Reports 33% Increase in Adjusted EBITDA and Enhances 2026 Forecast

HENSOLDT AG, a major player in the defense sector, saw a 33% rise in adjusted EBITDA, reaching 281 million euros for the first nine months of 2026. The company's order intake surged by 76.7% to 3,564 million euros. Revenue grew by 21.3% to 1,863 million euros, with significant contributions from Eurofighter and infantry fighting vehicle programs. The adjusted EBITDA margin improved to 15.1% from 13.7%.

CEO Oliver Dörre highlighted the impact of European defense spending on HENSOLDT's order volume. Christian Ladurner, CFO, noted that adjusted EBITDA's growth outpaced revenue, indicating effective cost management. The company refined its full-year revenue guidance to around 2,800 million euros and expects a book-to-bill ratio at the high end of its previous range.