EANS-News

Rosenbauer International AG / Revenues up slightly at EUR 181.9 million thanks to increases in Europe and USA / Lower capacity utilization negatively impacts EBIT in first quarter of 2017 / Management expects revenues and earnings similar to 2 - Seite 2

deliveries and the start-up costs for the platform manufacturer
Rosenbauer Rovereto. Consolidated EBT for the reporting period
amounted to EUR -2.8 million (1-3/2016: EUR 3.6 million).

Financial and net assets position For reasons specific to the
industry, the structure of the statements of financial position
during the year is characterized by high working capital. This is due
to the turnaround times, lasting several months, for vehicles in
production. In addition, the high intra-year level of total assets of
EUR 678.5 million (March 31, 2016: EUR 687.9 million) is attributable
to the increase in property, plant and equipment financed by equity.

As a result of the upcoming delivery volume in the current year,
inventories rose to EUR 211.1 million in the reporting period (March
31, 2016: EUR 204.2 million), while construction contracts were down
year-on-year at EUR 73.8 million (March 31, 2016: EUR 101.2 million)
due to changes in capacity utilization. Current receivables were kept
at the previous year's level at EUR 183.7 million (March 31, 2016:
EUR 179.1 million). The Group's net debt (the net amount of
interest-bearing liabilities less cash and cash equivalents and
securities) decreased yearon- year to EUR 227.4 million (March 31,
2016: EUR 262.0 million).

Owing to the high level of working capital - due to high customer
receivables - the intra-year cash flow from operating activities was
still negative at EUR -49.7 million (1-3/2016: EUR -53.6 million). An
improvement in the cash flow from operating activities is expected by
the end of the year.

Outlook The uncertainty regarding the development of the firefighting
markets has increased tangibly in recent months. Geopolitical tension
and the low price of oil could affect growth on certain markets in
2017 as well. Overall, however, stable development in global demand
for firefighting technology is assumed.

With a strong market presence, geographically balanced business, its
broad portfolio, technology leadership and financial strength,
Rosenbauer is well placed to take advantage of these opportunities
for profitable, long-term growth. It will continue to focus on
efficiency enhancement and cost reduction so as to ensure that the
intended growth can be implemented on a solid financial basis.
Despite the lower capacity utilization at the beginning of the year
due to project effects and the sustained margin pressure in the
developed markets in addition to the above factors, management is
aiming to keep revenues and earnings at the previous year's level.

Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: [phone]
[e-mail]

end of announcement euro adhoc
--------------------------------------------------------------------------------

company: Rosenbauer International AG
Paschingerstrasse 90
A-4060 Leonding
phone: [phone]
FAX: [phone]
mail: [e-mail]
WWW: www.rosenbauer.com
sector: Machine Manufacturing
ISIN: AT0000922554
indexes: WBI, ATX Prime
stockmarkets: free trade: Berlin, Stuttgart, official market: Wien
language: English