{
  "id": 18265550,
  "title": "Hensoldt Q3 adjusted EBITDA beats forecasts, 2026 sales target raised",
  "url": "https://urgent.news/2026/11/05/hensoldt-q3-adjusted-ebitda-beats-forecasts-2026-sales-target-raised",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T06:22:16.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/hensoldt-q3-adjusted-ebitda-beats-forecasts-2026-sales-target-raised-5002307"
  },
  "original_language": "en",
  "account": "German defense electronics firm Hensoldt reported a 12% increase in adjusted EBITDA for Q3, surpassing expectations, with €144 million in the quarter, up from €104 million the previous year. Revenue reached €696 million, a 2% rise above analyst estimates. The company adjusted its 2026 revenue target to approximately €2.80 billion, slightly below the consensus of about €2.75 billion. Adjusted EBITDA margin improved to 20.6%, up from 17.6% a year earlier. Hensoldt anticipates a new orders-to-sales ratio of 1.5 to 2 times. Analysts believe this suggests adjusted EBITDA of about €532 million, aligning with market consensus. Jefferies rates Hensoldt shares as a \"buy\" with a price target of €98. The company still expects the revenue target to be met, even if the PEGASUS contract isn't signed until early 2027, or if it's awarded in 2026. Hensoldt projects €5.3 billion in orders by year-end, rising to €6.4 billion if the PEGASUS contract is secured in 2026. The firm reported a third-quarter order total of €752 million, 3% above consensus. Nine-month orders grew by 76.7% to €3.56 billion, driven by Eurofighter, Schakal, and Puma vehicle contracts, making the order backlog a record €10.37 billion. Hensoldt anticipates further fourth-quarter orders in electromagnetic warfare, naval, land, and Eurofighter. The company's cash flow increased to about €32 million in Q3, surpassing the expected €38 million. For the nine-month period, adjusted free cash flow was an outflow of €104 million, a slight improvement from €119 million a year earlier, primarily due to higher advance payments. Hensoldt adjusted its full-year indication for pass-through revenue, which was expected to be in the single digits, but now remains undisclosed. Optronics revenue grew by 38% YoY. Hensoldt's CEO, Oliver Dörre, stated that the company is \"producing and delivering significantly more.\" The company plans to host a capital markets day in London on November 10.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "ElectroCore outlines 30% to 40% 2027 revenue growth while targeting positive adjusted EBITDA by end of 2027",
        "url": "https://urgent.news/2026/11/05/electrocore-outlines-30-to-40-2027-revenue-growth-while-targeting",
        "published": "2026-11-05T04:55:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}