Rosenbauer International AG

EANS-Adhoc: Rosenbauer International AG
Record revenues despite severe downturns in certain markets /Tougher price competition pushes earnings down / Good order trend assures capacity utilisation until mid-2014


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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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annual result/Interim figures for 2012
21.02.2013



__________________________________________________________________________
|KEY_CORPORATE_FIGURES______|_______|2012_(interim)|Change_in_%|2011_|2010_|
|Revenues___________________|Mio_EUR|645.0_________|19%________|541.6|595.7|
|EBIT_______________________|Mio_EUR|38.6__________|(7%)_______|41.6_|49.7_|
|EBT________________________|Mio_EUR|38.8__________|(4%)_______|40.3_|49.1_|
|Workforce_numbers_at_31.12.|_______|2,432_________|15%________|2,123|2,046|
|Order_intake_______________|Mio_EUR|533.2_________|(36%)______|826.8|496.9|
|Order_books_at_31.12.______|Mio_EUR|580.5_________|(15%)______|682.3|394.5|

 
Group revenues surged to 645.0 Mio EUR in 2012 (2011: 541.6 Mio EUR), the
highest figure in the company's history. This year-on-year rise of 19 % was
achieved in the face of stagnation in the Group's two main markets, Western
Europe and the USA, which were still enduring the consequences of the financial
and economic crisis. The growth in revenues is mainly attributable to
international export business, led by increased shipments to the Middle East.
EBIT in the reporting period came to 38.6 Mio EUR (2011: 41.6 Mio EUR), equating
to an EBIT margin of 6.0 % (2011: 7.7 %). The thinner EBIT margin is largely due
to higher start-up costs for the new US chassis Commander, and to ever fiercer

price competition on the market - especially in Germany and the USA.
This effect was compounded by the 3.1 Mio EUR of expense incurred by the
termination of the contract with the Brazilian airport operator Infraero
Aeroportos. As well as direct costs of 1.6 Mio EUR, this figure also includes
loss of profit amounting to 1.5 Mio EUR. The contract was terminated because of
differing interpretations of the tender specification for the airport rescue
firefighting vehicles. Rosenbauer America is seeking legal redress.
When the EBIT margin generated from ongoing earnings is considered in isolation
from the one-off effects mentioned above, it lies in the dimension of 7%.
 
Last year the Rosenbauer Group took new orders worth 533.2 Mio EUR (2011:
826.8 Mio EUR). Last year's high order-intake figure is largely due to the
biggest single order ever taken in the company's history - from Saudi Arabia,
with a value of 245.3 Mio EUR. Moreover, the formal receipt of certain orders
for international projects - such as the major order from Saudi Arabia to supply
apparatus worth 125.8 Mio EUR - was delayed into the first quarter of 2013,
meaning that despite the lower headline figure, order intake for the year under
review may actually be regarded as highly satisfactory. The 580.5 Mio EUR
reserve of unfilled orders at 31.12.2012 (31.12. 2011: 682.3 Mio EUR) will
ensure continued good capacity utilisation at the Rosenbauer production
facilities for 2013.
 
The company's ongoing organic growth and high production volumes have
necessitated additional capacity, especially in its production facilities.
Rosenbauer is thus continuing to invest in upgrading and modernising its
facilities, and will be implementing capacity-boosting measures in 2013 as well.
 

The figures given here are based on an IFRS-compliant accounting forecast. The
final figures for the 2012 financial year are to be announced on April 18, 2013.


Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: 0732/6794-568
gerda.koenigstorfer@rosenbauer.com

end of announcement                               euro adhoc 
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issuer:      Rosenbauer International AG
             Paschingerstrasse 90
             A-4060 Leonding
phone:       +43(0)732 6794 568
FAX:         +43(0)732 6794 89
mail:     ir@rosenbauer.com
WWW:      www.rosenbauer.com
sector:      Machine Manufacturing
ISIN:        AT0000922554
indexes:     WBI, ATX Prime
stockmarkets: free trade: Berlin, Stuttgart, official market: Wien 
language:   English
 

 

 



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