EANS-Adhoc
Rosenbauer International AG / Weak first quarter as standard / Revenues and EBIT still in decline due to orders / Incoming orders up 58% to EUR 211.8 million - Seite 2
period.
Result of operations In addition to the lower gross margins on orders
delivered in the first quarter - in particular due to the fierce
competition in Europe - and as a result of the low coverage of fixed
costs due to deliveries, EBIT was still in decline year- on-year at
EUR 3.4 million in the first quarter of 2016 (1-3/2015: EUR 6.0
million). The interim EBIT margin of 2.0% (1-3/2015: 3.1%) therefore
fell short of the figure for the previous year. Owing to the
remeasurement effects of forward transactions, net finance costs
improved year-on-year to EUR 0.4 million (1-3/2015: EUR -3.3
million); the results of the companies in Russia and Spain that are
accounted for using the equity method amounted to EUR -0.2 million in
the first three months of the current year (1-3/2015: EUR 0.1
million). Consolidated EBT for the reporting period amounted to EUR
3.6 million (1-3/2015: EUR 2.9 million).
Orders The Rosenbauer Group posted a positive development in incoming
orders in the first three months. In the first quarter, incoming
orders of EUR 211.8 million were generated and were thus 58% higher
than the previous year's level (1-3/ 2015: EUR 133.9 million). The
order backlog as of March 31, 2016 amounted to EUR 861.7 million, up
24% on the previous year's figure (March 31, 2015: EUR 694.6
million). This gives the Rosenbauer Group a good level of capacity
utilization at its production facilities and good visibility for the
year ahead.
Outlook Given the solid incoming orders in recent months and the
production capacity available, management is assuming that
consolidated revenues can increase further in 2016 despite a weaker
first quarter. The forecast growth in revenues is expected to have a
positive impact on earnings in 2016, even though the development of
Rosenbauer's key markets is becoming more difficult to forecast.
Thanks to the successful launch of new products, the high order
backlog and the growing effect of the measures introduced to enhance
efficiency and reduce costs, management is anticipating an
improvement in revenues and earnings again for the 2016 financial
year.
Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: 0732/6794-568
gerda.koenigstorfer@rosenbauer.com
end of announcement euro adhoc
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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
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