EANS-Adhoc Rosenbauer International AG / 2012 revenues at record level / Dividend proposal: 1.2 EUR (2011: 1.2 EUR) per share / Rosenbauer production in Saudi Arabia / Revenue 2013 target in excess of 700 Mio EUR

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     |  18.04.2013, 08:16  |  333 Aufrufe  |   | 
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    Financial Figures/Balance Sheet/annual report

    KEY COPORATE FIGURES 2012 2011 Change %
    Revenues Mio EUR 645.1 541.6 19%
    EBIT Mio EUR 3.6 41.6 (7%)
    EBT Mio EUR 38.8 40.3 (4%)
    Net profit for the period Mio EUR 32.0 32.1 0%
    Cash flow from operating activities Mio EUR (3.7) (12.8) -
    Total assets Mio EUR 431.4 357.1 21%
    Equity in % of total assets 39.9% 40.6% -
    Investments Mio EUR 14.7 11.5 28%
    Earnings per share EUR 4.5 4.1 10%
    Dividend per share EUR 1.2 1) 1.2 0%
    Employees as at Dec 31 2,432 2,123 15%
    Order intake Mio EUR 533.2 826.8 (36%)
    Order backlog as at Dec 31 Mio EUR 580.5 682.3 (15%)
    1) Proposal to Annual General Meeting

    Despite the (in some cases severe) downturns affecting fire equipment markets in
    developed countries, last year the Rosenbauer Group still managed to keep up the
    growth of recent years. Group revenues surged to 645.1 Mio EUR in 2012 (2011:
    541.6 Mio EUR), the highest figure in the company's history. This year-on-year
    rise of 19% was achieved in the face of stagnation in the Group's two main
    markets, Western Europe and the USA, which were still enduring the consequences
    of the financial and economic crisis. The growth in revenues is mainly
    attributable to international export business, led by increased shipments to the
    Middle East.

    EBIT in the reporting period came to 38.6 Mio EUR (2011: 41.6 Mio EUR), equating
    to an EBIT margin of 6.0% (2011: 7.7%). The thinner EBIT margin is largely due
    to higher start-up costs for the new US chassis Commander, and to ever fiercer
    price competition on the market - especially in Germany and the USA.

    This effect was compounded by the 3.1 Mio EUR of expense incurred by the
    termination of the contract with the Brazilian airport operator Infraero
    Aeroportos. As well as direct costs of 1.6 Mio EUR, this figure also includes
    loss of profit amounting to 1.5 Mio EUR. The contract was terminated because of
    differing interpretations of the tender specification for the aircraft rescue
    fire fighting vehicles. Rosenbauer America is seeking legal redress.

    Rosenbauer pursues a long-termist, shareholder-friendly dividend policy which
    assures a reasonable return on the capital employed while addressing the need to
    safeguard the company's growth perspectives. The Executive Board and Supervisory
    Board will propose to the General Meeting that the dividend for 2012 should be
    left unchanged at 1.2 EUR (2011: 1.2 EUR) per share. Accordingly, the sum for
    distribution for 6.8 million non-par-value shares is 8.2 Mio EUR (2011: 8.2 Mio
    EUR). In terms of the share's closing price of 46.1 EUR, this corresponds to a
    dividend yield of 2.6 % (2011: 3.3 %).

    The Rosenbauer Group is expanding its presence in Saudi Arabia by building its
    own production and service organization in the cities of Riyadh, Jeddah and
    Dammam. Preparations at these three locations are in high gear: In the next two
    years, the Jeddah plant, with 7500 m² of space, will mainly be used for fitting
    out GTLF pumper trucks with fire & safety equipment. It is also envisaged that
    Jeddah will carry out final assembly of fire fighting vehicles from SKD kits
    (semi-knocked-down kits comprising a complete chassis and other vehicle
    components), for the local market. These vehicle kits will be produced in
    Austria, prepared for shipping, and sent to Jeddah for final assembly.

    Besides the production facility in Jeddah, the head office of
    Rosenbauer Saudi Arabia Ltd. is located in the capital, Riyadh. The
    Riyadh facility, with 2,200 m² of space, will act as a service
    location with a modern repair workshop. In addition, vehicle
    handovers from current contracts will be carried out here. The Riyadh
    and Damman facilities will also serve as parallel training centers,
    where firefighters are instructed in how to use the new apparatus. To
    enhance service readiness, a mobile service unit has been set up,
    with five mobile workshops on the road all around the kingdom to
    provide fire brigades with ongoing maintenance of their mission

    Says Dr. Dieter Siegel, Executive Board Chairman of Rosenbauer
    International AG: "Our stepped-up presence is the logical response to
    the great demand for top-quality apparatus in Saudi Arabia. Once all
    ongoing contracts have been fulfilled, there will be around 3000
    Rosenbauer vehicles in service in Saudi Arabia. This is why we are
    now laying down a foundation not just for assembling fire-fighting
    vehicles locally but also for enhancing our on-the-ground presence
    with a nationwide service capability."

    By the end of 2013, the newly established company Rosenbauer Saudi
    Arabia LLC. is expected to have generated revenues of around 5 Mio
    EUR with a workforce of over 150 employees, approx. 30 of them from
    Austria and Germany.

    Rosenbauer will be able to stay on the growth track of recent years
    in 2013. The large reserve of unfilled orders, the good outlook for
    project business and the expansion of its production capacity should
    all permit further growth. These fundamentals lead Management to
    expect that the company may break the 700 Mio EUR revenue barrier
    this year.

    The high level of investment in the company's future, and the ever
    fiercer price competition on the market, are weighing on the EBIT
    margin. The additions to production space, and an optimization
    program launched in the main production zones at the Leonding site in
    2012, will counter this margin trend. Management is aiming here for
    an improvement upon the EBIT margin of 6.0% attained in 2012.

    Further inquiry note:
    Rosenbauer International AG

    Mag. Gerda Königstorfer

    Tel.: 0732/6794-568


    end of announcement euro adhoc

    issuer: Rosenbauer International AG
    Paschingerstrasse 90
    A-4060 Leonding
    phone: +43(0)732 6794 568
    FAX: +43(0)732 6794 89
    mail: ir@rosenbauer.com
    WWW: www.rosenbauer.com
    sector: Machine Manufacturing
    ISIN: AT0000922554
    indexes: WBI, ATX Prime
    stockmarkets: free trade: Berlin, Stuttgart, official market: Wien
    language: English

    Themen: EuroEURUSA

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