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 (
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
~ 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
Original content of: Rosenbauer International AG, transmitted by news aktuell