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Rosenbauer International AG

euro adhoc: Rosenbauer International AG
Annual Reports
* Revenue increase of over 10% to EUR 323.0 m * Record EBT posted in 2002 was slightly exceeded * Extension of production facilities in Austria * Dividend proposal: EUR 1.5 per share unchanged (

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
~
Key figures                              2003  2002
Revenue                            in EURm 323.0 286.5
EBIT                               in EURm 19.2  20.5
EBT                                in EURm 15.9  15.7
Net profit for the period          in EURm 6.8   6.8
Cash flow from pre-tax profit      in EURm 18.4  18.9
Balance sheet total                in EURm 164.7 171.1
Equity in % of balance sheet total       31.1% 28.7%
Capital investments                in EURm 7.4   4.0
Earnings per share                 EUR     4.0   4.0
Dividend per share                 EUR     1.5   1.5
Employees                                1,313 1,249
~
At EUR 323.0 m (2002: EUR 286.5 m), Group revenues last year reached
their highest level ever. The main reasons for this increase of over
10% in revenues were the record deliveries made from Austria under
major export orders and the fact that - despite the 20% drop in the
US currency against the euro - revenues continued to grow in the USA.
In 2003, Rosenbauer achieved a continuation of the previous year's
positive earnings momentum. At EUR 19.2 m, profit from operations
(EBIT) was down on the previous year (2002: EUR 20.5 m); despite
this, the record EBT posted in 2002 was slightly exceeded, with
year-2003 EBT improving from EUR 15.7 m to EUR 15.9 m. This success
is primarily attributable to the restructuring and rationalisation
measures undertaken at the Austrian production facilities, the export
orders processed by Rosenbauer International AG, and the excellent
results posted by the subsidiaries in the USA and Spain.
Outlook
Whether the Group manages to reach the high levels of earnings of
both the previous years in 2004 will depend upon important framework
conditions such as developments on the German market, how long it
takes until the export projects currently being processed lead to
firm orders, and upon the direction taken by interest and exchange
rates. However, on present form it seems reasonably safe to expect
2004 revenues to be of the order of EUR 310.0 m, with EBT of between
EUR 10.5 m and EUR 12.5 m.
end of announcement        euro adhoc 23.04.2004

Further inquiry note:

Marlene Schneider

Branche: Machine Manufacturing
ISIN: AT0000922554
WKN: 092255
Index: ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing
Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade

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

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