Consensus (status as of January 26th 2023)

2022E 2023E 2024E
Book-to-bill ratio 1.2x 1.3x 1.3x
Revenue in €m 1,720.2 1,879.4 2,059.7
Adjusted EBITDA margin in % 17.1% 17.6% 18.1%
NET leverage 1.1x 0.6x 0.2x

The following consensus has been collected by us for information purposes only, is non-binding and is not intended to constitute investment advice.

    It is based on estimates, forecasts, projections, predictions, opinions, conclusions, recommendations or other information (the “estimates”) of various securities analysts regarding, among others, the future business developments of HENSOLDT. Estimates made by the securities analysts (and, therefore, the consensus estimate numbers) are theirs alone and do not represent estimates of HENSOLDT or its management.

    By publishing the consensus, HENSOLDT neither implies its endorsement of or concurrence with such estimates nor does HENSOLDT subscribe to these estimates in any form whatsoever or supports or confirms them. HENSOLDT assumes no liability for the selection, current relevance, completeness or accuracy of such consensus and the underlying estimates and undertakes no obligation to update or revise such information. Consequently, any liability on the part of HENSOLDT, e.g., for losses incurred arising from or in connection with the consensus, is precluded.

    In particular, various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of HENSOLDT and the consensus shown here. These factors include those discussed in HENSOLDT’s public reports which are available on the HENSOLDT website.

    The consensus figures are the arithmetic averages of the estimates for each financial item HENSOLDT received from securities analysts.