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Rosenbauer International AG

EANS-Interim Report: Rosenbauer International AG
Zwischenmitteilung

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  Intermediate report of the management transmitted by euro adhoc. The issuer
  is responsible for the content of this announcement.
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First quarter revenues slightly lower as expected; Order intake of 125.6 Mio Euro (Q1/2010: 116.4 Mio Euro) is above previous year's figure

GROUP KEY DATA                      |          |1-3/2011  |1-3/2010  |
Revenue                             |Mio Euro  |107.3     |114.2     |(6%)
EBIT                                |Mio Euro  |6.9       |8.1       |(15%)
EBT                                 |Mio Euro  |6.8       |5.9       |15%
Net profit for the period           |Mio Euro  |5.3       |4.6       |15%
Cash flow from operating activities |Mio Euro  |(28.9)    |(37.1)    |-
Total assets                        |Mio Euro  |334.7     |353.5     |(5%)
Equity in % of total assets         |          |40.9%     |28.7%     |43%
Investments                         |Mio Euro  |1.6       |2.0       |(20%)
Earnings per share                  |Euro      |0.5       |0.4       |25%
Employees as at March 31            |          |2,076     |1,987     | 4%
Order intake                        |Mio Euro  |125.6     |116.4     |8%
Order backlog as at March 31        |Mio Euro  |431.5     |500.0     |(14%)

After a certain time-lag, the financial and economic crisis has now also left
its mark on the fire equipment sector. Certain markets, prime among them the USA
as the world´s largest single market, started reacting to the economic crisis in
2009, with a noticeable reluctance to place orders. The German market followed a
year later, shrinking by around 15% in 2010. The increasing budgetary
constraints upon local municipalities mean that the German market is likely to
decline by a further 10% in 2011.

The picture in emerging markets is a very varied one: While there are already
indications of market saturation in several countries, in regions such as the
Middle East there is still a great need for modernization. This is also
reflected in today´s large arena for project business. High oil revenues and the
need for catch-up investments in the field of safety infrastructure are the two
main drivers of capital spending in these markets. What is more, the heightened
awareness of security needs in the wake of global catastrophes and terrorist
attacks is another factor influencing public-sector procurement behavior.

The Rosenbauer Group posted slightly lower consolidated revenues of 107.3 Mio
Euro in the 1st quarter of 2011 (1-3/2010: 114.2 Mio Euro). Although a number of
export shipments from Austria were deferred into the next quarter, deliveries to
Russia were stepped up still further, leading to a significant increase in the
revenues of the German Segment.

In the fire equipment sector, the 1st quarter is generally typified by lower
revenues and margins. This is due to the fact that the majority of shipments
tend to be in the second half of the year. However, this seasonal dependency
during the fiscal year is often smoothed by centrally directed procurement that
does not fall under public-sector revenue and expenditure budgets.

The slight fall-back in Group revenues meant that first-quarter EBIT also came
in somewhat lower year-on-year, at 6.9 Mio Euro (1-3/2010: 8.1 Mio Euro),
corresponding to a still highly satisfactory EBIT margin of 6.5% (1-3/2010:
7.1%).

Furthermore, the finance cost improved by around two million euros on the same
period of last year, mainly due to the Group´s taking a larger share of the
result of the joint venture in Russia and due to value adjustments from futures
contracts. This improvement led to a highly satisfactory EBT figure of 6.8 Mio
Euro (1-3/2010: 5.9 Mio Euro).

The Group´s order intake in the 1st quarter of 2011 climbed to 125.6 Mio Euro,
8% above the figure for the same period of last year (1-3/2010: 116.4 Mio Euro).
At 431.5 Mio Euro (March 31, 2010: 500.0 Mio Euro) the reserve of unfilled
orders at March 31, 2011 remains at a high level, thanks to the buoyant order
trend of recent months. This means that the Rosenbauer Group can be sure of good
capacity utilization at its manufacturing facilities, and also gives it a fairly
clear view of the likely course of revenues for the rest of this year.

The volume of order backlog and the current project situation, together permit a
clear view ahead regarding utilization of production capacity during 2011. After
the record year Rosenbauer enjoyed in 2010, Management expects 2011 to bring a
consolidation of the revenue and income figures at a level that is above the
average for the past two years.
end of announcement                               euro adhoc
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issuer:      Rosenbauer International AG
          Paschingerstrasse 90
          A-4060 Leonding
phone:       +43(0)732 6794 568
FAX:         +43(0)732 6794 89
mail:         ir@rosenbauer.com
WWW:      www.rosenbauer.com
sector:      Machine Manufacturing
ISIN:        AT0000922554
indexes:     WBI, ATX Prime
stockmarkets: free trade: Berlin, Stuttgart, official market: Wien
language: English

Further inquiry note:

Branche: Machine Manufacturing
ISIN: AT0000922554
WKN: 892502
Index: WBI, ATX Prime
Börsen: Berlin / free trade
Stuttgart / free trade
Wien / official market

Original content of: Rosenbauer International AG, transmitted by news aktuell

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