euro adhoc: Rosenbauer International AG
REVENUES AND RESULT
AT LEVEL EXPECTED
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
At EUR 299.4 m, Group revenues for the financial year 2004 were somewhat below the figure for the year before (2003: EUR 323.0 m), owing to the high proportion of individual orders. Despite continued revenue growth in the US market, in 2004 the Group's revenues were also adversely affected by the slump in the US dollar, which caused lower euro amounts to be reported in the consolidated Group accounts.
With EBIT of EUR 13.7 m (2003: EUR 19.2 m), the result was down on the record figures posted in 2002 and 2003. There was a corresponding fall in the EBT, from EUR 15.9 m in 2003 to EUR 10.5 m in 2004 - in the light of current developments in the industry in Europe, an altogether satisfactory figure.
This reduction in the size of the result is primarily attributable to the fact that the exceptional major orders of the past two years have come to an end and been superseded by individual orders.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.
At EUR 337.0 m (2003: EUR 300.9 m), the volume of new orders taken by the Group in 2004 was well above the level of the past two years. In the current financial year, this has led to a gratifyingly high degree of capacity utilisation, especially at the production facilities in Austria and the USA. The volume of orders on hand at the year-end, EUR 226.1 m, was also well above the previous year's level (2003: EUR 191.8 m).
Key figures 2004 (interim) 2003 Revenues in EUR m 299.4 323.0 EBIT in EUR m 13.7 19.2 EBT in EUR m 10.5 15.9 Workforce numbers 1376 1313 Incoming orders in EUR m 337.0 300.9 Order books at 31.12. in EUR m 226.1 191.8 ~
The final figures for the 2004 financial year are to be announced on April 29, 2005.
end of announcement euro adhoc 11.03.2005 07:30:00
Further inquiry note:
Branche: Machine Manufacturing
Index: WBI, ATX Prime
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official dealing