euro adhoc: Rosenbauer International AG
Quarterly or Semiannual Financial Statements
ROSENBAUER GROUP: 1st HALF YEAR 2002 (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
* Revenues were up 13 % on the first half of 2001 * EBT shot up to the record figure of EUR 7.0 m * Existing EBT forecast of EUR 10.0 m will be exceed
Leonding, August 23, 2002
~ 1st Half Year 2002- Rosenbauer Group 1-6/2002 1-6/2001 Revenues m EUR 137.7 122.3 EBIT m EUR 8.9 1.0 EBT m EUR 7.0 (0.7) Profit after tax m EUR 3.7 (1.7) Net profit / loss for the period m EUR 1.9 (3.8) Cash-flow from pre-tax period m EUR 8.6 1.2 Capital investments m EUR 0.7 1.3 Employees as of 30.06. 1,237 1,325 Order books m EUR 237.5 201.7 Price (end of the 1st half year) EUR 28.0 20.1 Market capitalisation (end of the 1st half year) m EUR 47.6 34.2 ~
The first few months of 2002 went very well indeed for the Rosenbauer Group. On revenues of EUR 137.7 m (up 13 % on the comparable figure of EUR 122.3 m for 1-6/2001), EBT shot up from EUR -0.7 m (1-6/2001) to the record figure of EUR 7.0 m.
This atypically high half-year result is due to the impact of the rationalisation measures that have been implemented in the Group, and of the first shipments made under the major order from Saudi Arabia. In the first 6 months of this year, deliveries worth a total of EUR 14.1 m were invoiced under this contract.
Saudi Arabian contract is being fulfilled successfully Deliveries under the EUR 44.7 m contract from Saudi Arabia are proceeding to plan. By the end of the first half of 2002, all of the deliveries of fire-safety equipment to the client under this contract had been completed. Acceptance inspection of the vehicle prototypes, all of which are being manufactured at the US subsidiary Central States LLC, took place in mid-May 2002. The entire order will have been filled, in part-shipments, by October 2003.
The timely delivery of all the fire-safety equipment, and the satisfactory acceptance of the prototypes, have prompted the Saudi Arabian Ministry of the Interior to place a further order. The existing order volume has thus been increased by a further 10 % (EUR 4.5 m). Of this, the fire-safety equipment (worth EUR 1.4 m) is to be delivered during the rest of this year, with the vehicles (worth EUR 3.1 m) to follow by the end of 2003 in the framework of the existing order.
OUTLOOK Positive forecasts for 2002 are confirmed Despite the deconsolidation of the former Group companies in Belgium and Norway, year-2002 revenues are projected to rise to around EUR 285 m. (2001: EUR 273.7 m). This continuation of the positive course of the Groups business leads Management to expect that it may even be possible to exceed the existing EBT forecast of EUR 10.0 m.
end of announcement euro adhoc 23.08.2002
Further inquiry note:
Marlene Schneider
Branche: Machine Manufacturing
ISIN: AT0000922554
WKN: 092255
Index: ATX Prime, WBI
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Berliner Wertpapierbörse / free trade
Wiener Börse AG / official dealing