Rosenbauer International AG: Rosenbauer Group returns to profitability in 2023

• Higher sales prices for vehicles delivered and growth in equipment and service boost turnover to € 1,064.5 million
• EBIT at € 37.4 million, and EBT is positive again
• Incoming orders remain strong at € 1,450.3 million, order backlog at an all-time high of € 1,788.0 million
• Assuming a further improvement in supply chains, sales are expected to increase to around € 1.2 billion in 2024, with an EBIT margin of around 5%

According to preliminary figures for 2023, the Rosenbauer Group significantly increased its revenues to € 1,064.5 million (2022: € 972.2 million) in a weak economic environment. All sales regions and the Preventive Fire Protection segment were able to expand their business volume. A cyberattack in February led to production downtimes of up to two weeks and corresponding backlogs. The operational turnaround continued until the end of the year and the Group returned to profitability thanks to measures to increase efficiency and higher sales prices for the vehicles delivered. EBIT amounted to € 37.4 million (2022: € -10.6 million), while EBT was also positive again at € 7.3 million (2022: € -30.2 million) despite a significant increase in financing costs.

The supply chains slowly stabilized over the course of the reporting year. In the first half of the year in particular, the number of chassis delivered was still below the agreed delivery volumes. Delivery times only gradually decreased in the second half of the year. However, the OEMs' adherence to delivery dates remained unsatisfactory until the end and there were still interruptions to deliveries of individual parts. This made it necessary to increase inventories, and the working capital burden remained high.

Orders

Demand for Rosenbauer firefighting technology remains very strong. Incoming orders reached a value of € 1,450.3 million in the past year (2022: € 1,230.0 million). All segments, with the exception of Preventive Fire Protection, recorded significant growth. The order for 45 industrial firefighting vehicles from Saudi Electricity is particularly noteworthy, as the customer is relying on chassis from Rosenbauer production in the US and superstructures from Europe. The order is to be manufactured partly in the USA, partly in Austria and partly locally in the region. At € 1,788.0 million as at December 31, 2023 (2022: € 1,469.7 million), the order backlog at an all-time high surpassed the Group's annual revenues significantly.

Assuming a further improvement in the supply chains, Rosenbauer's Executive Board expects revenues of around € 1.2 billion and an EBIT margin of around 5% for 2024.

The figures quoted for 2023 are based on a forecast in accordance with IFRS. The final figures for 2023 will be published on April 5, 2024.