Rosenbauer International AG

euro adhoc: Rosenbauer International AG
Annual Reports
* Revenue increase of over 10% to EUR 323.0 m * Record EBT posted in 2002 was slightly exceeded * Extension of production facilities in Austria * Dividend proposal: EUR 1.5 per share unchanged (

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Key figures                                                2003  2002
Revenue                                            in EURm 323.0 286.5
EBIT                                                 in EURm 19.2  20.5
EBT                                                  in EURm 15.9  15.7
Net profit for the period                in EURm 6.8    6.8
Cash flow from pre-tax profit         in EURm 18.4  18.9
Balance sheet total                         in EURm 164.7 171.1
Equity in % of balance sheet total          31.1% 28.7%
Capital investments                         in EURm 7.4    4.0
Earnings per share                          EUR        4.0    4.0
Dividend per share                          EUR        1.5    1.5
Employees                                                  1,313 1,249

At EUR 323.0 m (2002: EUR 286.5 m), Group revenues last year reached their highest level ever. The main reasons for this increase of over 10% in revenues were the record deliveries made from Austria under major export orders and the fact that - despite the 20% drop in the US currency against the euro - revenues continued to grow in the USA.

In 2003, Rosenbauer achieved a continuation of the previous year's positive earnings momentum. At EUR 19.2 m, profit from operations (EBIT) was down on the previous year (2002: EUR 20.5 m); despite this, the record EBT posted in 2002 was slightly exceeded, with year-2003 EBT improving from EUR 15.7 m to EUR 15.9 m. This success is primarily attributable to the restructuring and rationalisation measures undertaken at the Austrian production facilities, the export orders processed by Rosenbauer International AG, and the excellent results posted by the subsidiaries in the USA and Spain.

Outlook Whether the Group manages to reach the high levels of earnings of both the previous years in 2004 will depend upon important framework conditions such as developments on the German market, how long it takes until the export projects currently being processed lead to firm orders, and upon the direction taken by interest and exchange rates. However, on present form it seems reasonably safe to expect 2004 revenues to be of the order of EUR 310.0 m, with EBT of between EUR 10.5 m and EUR 12.5 m.

end of announcement            euro adhoc 23.04.2004

Further inquiry note: Marlene Schneider

Branche: Machine Manufacturing
ISIN:      AT0000922554
WKN:        092255
Index:    ATX Prime, WBI
Börsen:  Wiener Börse AG / official dealing
              Berliner Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade

Weitere Meldungen: Rosenbauer International AG

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