Rosenbauer International AG

EANS-Interim Report: Rosenbauer International AG

  Intermediate report of the management transmitted by euro adhoc. The issuer
  is responsible for the content of this announcement.
Quarterly report 3/2014

· Stable third quarter in difficult market environment
· Revenue growth of 5% to EUR 541.5 million
· EBIT up by 13% to EUR 31.6 million
· Ongoing rise in order situation

|EBIT_______________________________|in_EUR_million_   |31.6____|28.0____|+_13%|

Leonding, November 20, 2014:
The markets for the fire equipment industry are again characterized by differing
challenges in 2014. 2014 is not expected to bring any marked improvement
overall, though indications of an upturn are starting to make themselves felt in
certain markets. 
The Rosenbauer Group increased its consolidated revenues by 5% to
EUR 541.5 million (1-9/2013: EUR 517.3 million) in the first nine months.
Another difference from the same period of the previous year was that the
revenues of Rosenbauer Saudi Arabia and the newly acquired company Rosenbauer UK
were included in the consolidated financial statements for the first time. The
reporting saw increased shipments in the US and from Spain to fulfill the major
order from Saudi Arabia. Rosenbauer Motors was also successful in increasing its
revenues with the new "Commander" US chassis.
Result of operations
EBIT came in 13% higher than last year at EUR 31.6 million (1-9/2013:
EUR 28.0 million). In addition to the positive effects of the capitalization of
development costs in the amount of EUR 1.8 million, this increase is essentially
due to higher earnings in the US segment, as a result of the optimization of
chassis production at Rosenbauer Motors, and the earnings improvement in the
German segment.
The EBIT margin improved to 5.8% (1-9/2013: 5.4%) but still fell short of the
long-term target.
With price pressure on the developed markets still at an elevated level, an
efficiency enhancement program was introduced as part of the expansion of Plant
II and the PANTHER and AT production lines were realigned. The expenses this has
entailed have reduced earnings in the Austria segment in the first nine months
of the current year. Cost-cutting measures will be initiated at the Austrian

locations in the coming months in order to keep production profitable in the
long term as well.
"After the necessary growth steps have been taken, we will increasingly dedicate
ourselves to cutting costs and efficiency enhancement", said CEO Dr. Dieter
Given the healthy order situation, the favorable outlook in project business,
increased production capacity, and thanks to the sales organization's ability to
cater to the market's widely differing needs, the management expects that
revenue for the current fiscal year will at least match the previous year's
However, the substantial investments for the future, the additional costs of
starting up the two new production lines at Plant II in Leonding and the
continuing fierce price competition on the market will all still weigh on
earnings. This is, however, being countered with the increased production space
and the measures introduced to cut costs. The management is aiming to improve on
the EBIT margin of 5.7% achieved in 2013.

end of announcement                               euro adhoc 

issuer:      Rosenbauer International AG
             Paschingerstrasse 90
             A-4060 Leonding
phone:       +43(0)732 6794 568
FAX:         +43(0)732 6794 89
sector:      Machine Manufacturing
ISIN:        AT0000922554
indexes:     WBI, ATX Prime
stockmarkets: free trade: Berlin, Stuttgart, official market: Wien 
language:   English

Original-Content von: Rosenbauer International AG, übermittelt durch news aktuell

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