euro adhoc: Rosenbauer International AG
quarterly or semiannual financial
statement
3rd Quarter characterized by continued growth
Order books still at record levels (EUR 395.2 Mio)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
23.11.2007
ROSENBAUER GROUP
. 3rd Quarter characterized by continued growth
. Order books still at record levels (EUR 395.2 Mio)
. High shipment volumes at year-end
. Market volume still at high level
. Rise of at least 10% in revenues and EBIT forecast for 2007|KEY FIGURES | |1-9/2007 |1-9/2006 |Changes in % | |Revenue |EUR Mio|277.1 |228.5 |+ 21% | |EBIT |EUR Mio|15.0 |11.9 |+ 26% | |EBT |EUR Mio|11.2 |9.1 |+ 23% | |Consolidated profit1) |EUR Mio|9.1 |6.9 |+ 32% | |Cash flow from operating |EUR Mio|(37.1) |(37.8) |- | |activities | | | | | |Total assets |EUR Mio|268.7 |235.4 |+ 14% | |Investments |EUR Mio|5.1 |7.8 | (35%) | |Employees as at September 30 | |1,637 |1,498 | + 9% | |Order intake |EUR Mio|328.0 |337.7 | (3%) | |Order backlog as at September 30 |EUR Mio 395.2 |337.6 |+ 17% |
1) Consolidated profit before profits/losses on minority interest
The third quarter was marked by further growth for the Rosenbauer Group, with satisfying improvements in both revenues and the result. Measured against the first three quarters of 2006, Group revenues were up 21.3% at EUR 277.1 Mio (1-9/2006: EUR 228.5 Mio). International export business and US sales were once again the main drivers of corporate growth. On the back of this increase in revenues, the operating result (EBIT) also surged by 26.1% to EUR 15.0 Mio (1-9/2006: EUR 11.9 Mio), with profitability (EBIT margin) slightly above last year's level, at 5.4% (1-9/2006: 5.2%).
Due to the preponderance of public-sector clients, the bulk of all shipments this financial year - as in previous years - will be effected towards the year-end. Accordingly, it is in the last few months of each financial year that the bulk of its revenues and result tends to be realized.
Owing to the increased financing requirements for fulfilling the high volume of orders, and to markedly higher interest rates, the finance cost swelled to EUR -3.6 Mio (1-9/2006: EUR -2.7 Mio). The pro-rata result from the joint venture in China came to EUR -0.2 Mio (1-9/2006: EUR 0.0 Mio). Overall, then, EBT in the first three quarters of this year totalled EUR 11.2 Mio (1-9/2006: EUR 9.1 Mio).
A year-on-year quarterly comparison shows that in the usually rather slower 3rd quarter, both the Group's revenues, at EUR 98.8 Mio (7-9/2006: EUR 81.1 Mio) and its EBIT at EUR 6.2 Mio (7-9/2006: EUR 4.5 Mio) were up on the comparable figures for last year.
OUTLOOK The Rosenbauer Group is expecting the positive trend on the relevant markets to continue during the coming months. Market volumes in the fire-equipment sector are expected to remain at a high level. On the strength of the results for the first three quarters, and assuming that the high shipment volumes are fulfilled as planned, 2007 has the makings of a record year. Given the high degree of capacity utilization at the production companies, the composition of the orders on hand, and timely availability of production materials, the Management of the Rosenbauer Group still expects 2007 to bring a rise of at least 10% in revenues and EBIT.
end of announcement euro adhoc 23.11.2007 07:30:00
Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: 0732/6794-568
gerda.koenigstorfer@rosenbauer.com
Branche: Machine Manufacturing
ISIN: AT0000922554
WKN: 892502
Index: WBI, ATX Prime
Börsen: Börse Berlin / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing