Rosenbauer International AG: Strong improvement for Rosenbauer Group in the first quarter of 2025

Leonding (pta007/14.05.2025/07:32 UTC+2)

• Continued strong vehicle business and growth in equipment and customer service increase gross revenues by 16.8% to €263.6 million
• The operating result, with EBITDA reaching €16.7 million, doubled in the seasonally weaker first quarter compared to the previous year, EBIT at €9.0 million
• Successful realization of capital increase at the end of February improves equity ratio to over 25% and reduces interest burden for the rest of the year
• Continued strong order intake of €358.7 million well above quarterly sales – further increase in order backlog in the first quarter

The Rosenbauer Group's results for the first quarter of 2025 once again show a strong improvement. The Group's revenues increased by 16.8% to €263.6 million in the first three months of this year (1–3/2024: €225.6 million). The reasons for this development are the continuously strong vehicle business, which grew by 25.6%, and growth in equipment and service. All sales regions were able to expand their business volume, in particular the Asia-Pacific area and the Middle East & Africa area. The operating result, with EBITDA reaching €16.7 million, more than doubled in the seasonally weaker first quarter compared to the previous year (1–3/2024: €7.6 million). EBIT amounted to €9.0 million (1–3/2024: €0.3 million). The result for the period was therefore positive at €0.1 million (1–3/2024: €-9.1 million). Cash flow from operating activities was still negative due to the global increase in production with the corresponding capital commitment, but was also significantly better than in the previous year.

Revenues and result of operations

The Rosenbauer Group generated revenues of €263.6 million (1–3/2024: €225.6 million) in the first quarter of 2025. These were spread across the individual sales areas as follows: Europe area 47%, Middle East & Africa area 9%, Asia-Pacific area 7%, Americas area 36%, and Preventive Fire Protection 1%.

After deducting the cost of sales, the Rosenbauer Group's gross profit amounted to €50.2 million (1–3/2024: €36.1 million), while the gross profit margin improved to 19.0% (1–3/2024: 16.0%). EBIT amounted to €9.0 million (2024: €0.3 million). Group EBT amounted to €1.8 million (1–3/2024: €–9.0 million) with low interest expenses.

The Rosenbauer Group also reported another pleasing volume of order intake worth €358.7 million (1–3/2024: €362.4 million) in the first quarter of 2025. Three of the four sales regions were able to increase their order intake. The Preventive Fire Protection segment was down on the previous year. The order backlog continued to grow and amounted to €2,343.5 million at the end of the first quarter of 2025 (March 31, 2024: €1,935.1 million).

Financial and Net Assets Position

Total assets slightly increased in the first quarter of 2025 to €1,292.7 million (March 31, 2024: €1,266.1 million). Inventories increased to €681.9 million as a result of the higher global production output (March 31, 2024: €650.2 million). Receivables and other assets declined to €295.6 million (March 31, 2024: €313.2 million).

Net debt fell year-on-year from €492.8 million to €288.0 million, reflecting the inflow from the capital increase of €119 million and the pleasant decline in trade working capital.

Trade working capital amounted to €464.7 million (1–3/2024: €506.4 million).

At €-6.8 million (1–3/2024: €-58.4 million), cash flow from operating activities was still negative in the reporting period, but was considerably better than in the same period of the previous year. A positive cash flow from operating activities is assumed for the full year 2025.

Outlook

In its most recent World Economic Outlook update, the International Monetary Fund (IMF) revised the global growth outlook downward for 2025 and 2026. For 2025, global growth of 2.8% is forecast, rising to 3.0% in 2026. These revisions are the result of recent protectionist measures, particularly the tariffs introduced by the US, which have put a significant strain on world trade. Inflation remains a key issue in many economies.

The firefighting industry is benefiting from well-filled order books. Improved supply chains enable the accelerated production and delivery of vehicles and equipment, which should result in increased sales for many manufacturers. Renewed growth in industry sales is therefore expected for 2025. It remains to be seen what impact restricted municipal budgets, planned investment in security, infrastructure, and climate protection, and new trade barriers will have on further development.

Based on a very high order backlog, the Group's Executive Board expects sales and earnings to increase further in 2025 and anticipates sales of around €1.5 billion. Based on the initiatives of the last two years, the EBIT margin is expected to improve to over 6%.

(end)

Emitter:	Rosenbauer International AG Paschinger Straße 90 4060 Leonding Austria
Contact Person:	Mag. Tiemon Kiesenhofer
Phone:	+43 664 80 679 6538
E-Mail:	ir@rosenbauer.com
Website:	www.rosenbauer.com/
ISIN(s):	AT0000922554 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate