Hensoldt H1 sales boosted by higher military spending in Europe
The company said its sales grew 11% from a year earlier to 944 million euros ($1.08 billion) in the first six months of 2025, underpinned by the performance of its optronics business which offset a slower start in the sensor segment.
The firm's home country Germany, traditionally wary when it comes to spending on armaments, this year approved a fiscal plan that largely removes defence investment from limits on state borrowing.
"We now expect this political will to increasingly translate into concrete orders," chief executive Oliver Doerre said in a statement, as Hensoldt's order intake came at 1.40 billion euros in the first half.
The pan-European aerospace and defence equity index (.SXPARO), opens new tab has risen 50% so far this year on the prospect of higher defence spending in Europe and a U.S. disengagement in Europe.
European peers of the radar and high precision optics company such as Sweden's Saab (SAABb.ST), opens new tab and British BAE Systems (BAES.L), opens new tab have also reported double-digit growth for the quarter, fueled by growing defence investments.
Hensoldt, which provides sensor systems for the Eurofighter, confirmed its revenue guidance for this year in a range of 2.5 billion to 2.6 billion euros.
($1 = 0.8724 euros)
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