EANS-Adhoc: Rosenbauer International AG
2010 result higher than expected, due to reversal of provision /
Anti-trust proceedings in Germany end with official notice of 10.5 EUR Mio. fine
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10.02.2011
The German Federal Cartel Office has today served Rosenbauer with official notice of fines totalling 10.5 EUR Mio. to be imposed upon Rosenbauer International AG and Rosenbauer Feuerwehrtechnik GmbH. Rosenbauer will not contest the official decision imposing the fine, which is based upon a Settlement Agreement reached with the Federal Cartel Office.
Four German manufacturers had been accused of engaging in anti-competitive collusion in the municipal fire-fighting vehicle segment. The German Federal Cartel Office has now imposed total fines of 20.5 EUR Mio. upon three of the companies involved. Proceedings against a fourth manufacturer have not yet been concluded.
The proceedings had been underway at the Federal Cartel Office since 2009. For risk-policy reasons, Rosenbauer decided to set aside a provision at an early stage, in the financial year 2009, in an amount of 15 EUR Mio. The conclusion that has now been arrived at to these proceedings, permitting a partial reversal of the provision contributes to an improvement in the Rosenbauer Group´s annual result for 2010. Until now, EBIT in the financial year 2010 had been expected to amount to around 45 EUR Mio..
The interim figures for 2010 will be announced on February 23, 2011.
end of announcement euro adhoc --------------------------------------------------------------------------------
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: Berlin / free trade
Stuttgart / free trade
Wien / official market
Original content of: Rosenbauer International AG, transmitted by news aktuell