euro adhoc: Rosenbauer International AG
Interim Announcement
-------------------------------------------------------------------------------- Intermediate report of the management transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------
21.11.2008
Revenues up 16% to 322.0 Mio EUR, EBIT 43% higher at 21.5 Mio EUR Rise of at least 15% in revenues and EBIT forecast for 2008 Healthy order books assure 100% capacity utilization until well into 3rd quarter of 2009
|KEY FIGURES | |1-9/2008|1-9/2007 |Vdg. in % | |Revenues |Mio EUR |322.0 |277.1 |+ 16% | |EBIT |Mio EUR |21.5 |15.0 |+ 43% | |EBT |Mio EUR |16.9 |11.2 |+ 51% | |Consolidated profit 1) |Mio EUR |13.1 |9.1 |+ 44% | |Cash flow from operating |Mio EUR |(2.3) |(37.1) |- | |activities | | | | | |Total assets |Mio EUR |278.0 |268.7 |+ 3% | |Investments |Mio EUR |7.6 |5.1 |+49% | |Employees (as at September 30) | |1,758 |1,637 | + 7% | |Order intake |Mio EUR |365.8 |328.0 |+12% | |Order backlog (as at September 30)|Mio EUR |423.3 |395.2 |+ 7% | 1) Before profits/losses on minority interest The ROSENBAUER Group notched up further revenue and bottom-line growth during the first three quarters of the year. Group revenues were up 16% on the first three quarters of 2007, at 322.0 Mio EUR (1-9/2007: 277.1 Mio EUR). The biggest drivers of revenue growth were international export business and German special-vehicle sales. On the back of the good results achieved in the first six months, the operating result (EBIT) for the reporting period as a whole rose 43% to 21.5 Mio EUR (1- 9/2007: 15.0 Mio EUR). This took the EBIT margin to 6.7%, up from 5.4% year-on- year, largely due to positive effects from the high level of capacity utilization and the resulting fixed-cost degression. In addition, a number of especially high-margin international export orders were fulfilled in the April to June period.
Despite the marked weakness of the world economy, the inflow of new orders to the ROSENBAUER Group held up very well indeed in the first three quarters of 2008. At 365.8 mEUR, it was above the figure for this period of last year (1- 9/2007: 328.0 Mio EUR). At 423.3 mEUR, the Group's order backlog at September 30, 2008 were 7% above the comparable figure for last year (September 30, 2007: 395.2 Mio EUR). Still at a gratifyingly high level, this reserve of unfilled orders will see the Group working to capacity until well into the third quarter of 2009.
OUTLOOK The financial crisis is having a far greater impact on the global economy than originally expected. The medium and long-term effects on the business of the ROSENBAUER Group are difficult to predict. The large volume of orders on hand - which will last until well into the 3rd quarter of 2009 - and the high share of revenues derived from regions and sectors that have not so far been seriously affected by the darker economic outlook, together mean that the impact on the ROSENBAUER Group in the year ahead will be only limited.
On the strength of the results for the first nine months, the favourable order situation and on the assumption that the high volume of orders continues to be processed smoothly, Management can confirm its expectations for the financial year 2008 as a whole, with Group revenues and EBIT likely to be up by around 15%. For the first time ever, this will take Group revenues to around the 500 Mio EUR mark.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
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
Original content of: Rosenbauer International AG, transmitted by news aktuell