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ODDO BHF starts OHB at 'outperform', cites space growth potential

BUZZ-ODDO BHF starts OHB at 'outperform', cites space growth potential

**ODDO BHF deems Germany's OHB OHBG.DE "the best asset in Europe for investors to gain exposure to the space economy revolution" — starts coverage at "outperform"

** The broker sees industry consolidation, rising defence and space spending, emerging space applications and expanding partnerships as growth boosters

** It expects OHB's order backlog to exceed €7 billion ($8.2 billion) by 2028-2029, versus about €3.4 billion currently

** Revenue could grow at a 26% annual rate between 2025 and 2030, putting OHB on track to become the industry's fastest-growing company "by far", ODDO adds

** It sets PT at €290

($1 = 0.8574 euros)


(Reporting by Kira Britten)

((Kira.Britten@thomsonreuters.com))

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