Rosenbauer International AG

euro adhoc: Rosenbauer International AG
Quarterly or Semiannual Financial Statements
• High capacity utilisation resulting from a large number of individual orders • Important orders from USA and Spain • Absence of high-margin major orders reducing

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- 2004 has been characterised by comparatively high capacity utilisation, resulting from a large number of individual orders. In the period under review, this has taken revenues to the same high levels as in the first three quarters of 2003. Owing to the absence this year of high-margin major orders, the result is noticeably smaller, however. ~ KEY FIGURES 1-9/2004 1-9/2003 Revenue in m EUR 216.5 217.9 EBIT in m EUR 8.0 14.4 EBT in m EUR 6.0 12.0 Profit after tax in m EUR 4.0 7.9 Net profit for the period in m EUR 1.6 4.6 Cash-flow from pre-tax profit in m EUR 9.6 15.3 Capital investments in m EUR 3.4 5.1 Order books as of 30.09. in m EUR 203.2 216.3 Order intake in m EUR 247.9 212.2 Employees 1,365 1,285 Market capitalisation as of 30.09. in m EUR 80.6 59.6 ~ The trend in incoming orders in the USA and in the field of international project business has remained highly positive throughout the current financial year. Since the major order announced at the end of June for 18 air crash tenders worth EUR 11.6 m for Australia, two more major orders have been received, this time from the USA (170 fire-fighting vehicles with a total value of USD 34.9 m) and Spain (26 PANTHER air crash tenders worth EUR 16.2 m) In Europe, the third quarter of 2004 still brought no sign of any improvement in the unfavourable market situation. The pressure on margins in the German domestic market - in both the turntable-ladder and fire-fighting vehicle sectors - has intensified yet further, so that despite reduced costs a positive result is still out of reach. REVENUE AND RESULTS TRENDS For the first three quarters of 2004, the Group posted EBT of EUR 6.0 m (1-9/2003: EUR 12.0 m) on Group revenues of EUR 216.5 m (1-9/2003: EUR 217.9 m). This reduction in the size of the result is primarily attributable to the completion of work on the previous two years' run of major orders, which have been succeeded by a large number of lower-margin individual orders. In relation to their size, individual orders generally cause higher production costs than major orders, as certain economies of scale - in terms of both purchasing and manufacturing - no longer apply here. OUTLOOK Although the order-book structure is now rather different from in previous years, with a large number of individual, low-margin projects, there is still a very realistic prospect of the revenue and earnings goals (EUR 300 m and EUR 10 m respectively) being attained - provided, that is, that there are no adverse developments in the USD exchange rate, and that vehicle shipments proceed as planned. With the two major orders received after the quarter-end date from the USA and Spain, the volume of orders on hand in the Rosenbauer Group has reached a new record level - paving the way for a highly successful 2005. end of announcement euro adhoc 19.11.2004 07:55:00 --------------------------------------------------------------------- Further inquiry note: Marlene Schneider Branche: Machine Manufacturing ISIN: AT0000922554 WKN: 092255 Index: WBI, ATX Prime Börsen: Berliner Wertpapierbörse / free trade Baden-Württembergische Wertpapierbörse / free trade Wiener Börse AG / official dealing

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