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.
Half-year financial results 2015

Continued positive development despite difficult market environment
Revenues up 14% at EUR 416.9 million
EBIT up 10% at EUR 21.9 million
Order intake with EUR 479.5 million still on a high level

Key figures________________________|___________|1-6/2015|1-6/2014|Change %|
Revenues___________________________|EUR million|   416.9| 367.2*)|    +14%|
EBIT_______________________________|EUR million|    21.9|    20.0|    +10%|
Net Profit for the period__________|___________|    15.9|    15.4|     +3%|
Cash flow from operating activities EUR million| (104.3)|  (85.9)|       -|
Investments________________________|EUR million|    11.0|    14.8|   (26%)|
Earnings per share_________________|        EUR|     1.3|     1.7|   (24%)|
Employees as of June 30____________|___________|   3,016|   2,761|     +9%|
Order intake_______________________|EUR million|   479.5|   438.1|     +9%|
Order backlog as of June 30________|EUR million    835.7|   731.8|    +14%|
*)The disclosure of the previous year's figures for 2014 has been revised as
necessitated by the readjustment of segment reporting

How fire equipment markets will specifically develop often depends on the
availability of public-sector funding, making precise forecasts difficult. On
several, mainly developed, markets, continuing budget consolidation efforts mean
that demand for fire service equipment will continue to be restrained. As a
result, the average age of equipment will increase. In turn, the situation on
the emerging markets is varied as usual: while there are indications of market
saturation in some regions, in others there is still a strong need for
modernization. This is also reflected in an extensive project landscape.

The firefighting industry will face a range of different challenges in 2015 as
well. Growth will come predominantly from Asia and the Middle East. A positive
trend in demand should get underway on the North American market in 2015, while
the industry will recover only slightly - if at all - in Europe.

The Rosenbauer Group continued its growth in the first half of 2015.
Consolidated revenues increased by 14% to EUR 416.9 million (1-6/2014: EUR 367.2
million) in the first six months.  In addition to increased deliveries to Arabic
countries, this revenue growth was attributable in particular to deliveries by
the US companies in comparison to the same period of the previous year. The
disclosure of the revenues figures for 2014 was also adjusted due to the review
of the criteria for segment reporting.

In the firefighting industry, the first few months of the year generally tend to
be weaker in terms of revenues and earnings. This is because the majority of
deliveries are usually made in the second half of the year. However, this
seasonality over the course of the year is leveled out by centrally managed
procurement that is not based on government budgets.

Result of operations
EBIT was 10% higher than last year at EUR 21.9 million (1-6/2014: EUR 20.0
million). Although expenses for the launch of new products and the Group's
appearance at the world's largest trade fair caused other expenses to rise, EBIT
improved thanks to higher earnings in North America as a result of optimized

However, the intra-year EBIT margin of 5.3% (1-6/2014: 5.4%) still fell short of
the long-term target.

Owing to the remeasurement effects of forward transactions, net finance costs
deteriorated year-on-year to EUR -2.7 million (1-6/2014: net finance costs of
EUR -1.3 million); the gains by the companies in Russia and Spain that are
accounted for using the equity method amounted to EUR 0.3 million in the first
half of the current year (1-6/2014: EUR 0.9 million). Consolidated EBT for the
reporting period amounted to EUR 19.5 million (1-6/2014: EUR 19.6 million). 

Even though the situation on the fire equipment markets is not the same all over
the world and demand was restrained in the first few months due to the leading
trade fair in June 2015, the Rosenbauer Group still posted a positive order
situation. In the first half of the year, incoming orders of EUR 479.5 million
were generated and were thus higher than the previous year's level (1-6/2014:
EUR 438.1 million).  The order backlog as of June 30, 2015 amounted to EUR 835.7
million, up 14% on the previous year's figure (June 30, 2014: EUR 731.8
million), and thus reached a record high in the first half of the year.  This
gives the Rosenbauer Group a good level of capacity utilization at its
production facilities and good visibility for the months ahead.

Based on the forecast market development and the above factors, the management
is aiming for an increase of up to 10% in both revenues and EBIT in the 2015
financial year.

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

Weitere Meldungen: Rosenbauer International AG

Das könnte Sie auch interessieren: