Rosenbauer International AG
VSE:ROS
Rosenbauer International AG
Rosenbauer International AG engages in the development, manufacture, and sale of firefighting and disaster protection equipment. The company is headquartered in Leonding, Oberoesterreich and currently employs 4,130 full-time employees. The firm specializes in manufacture, sale and distribution of fire fighting vehicles, installations and systems, and safety equipment. The company is active in six business units: Vehicles, producing a range of fire fighting vehicles, such as municipal, aircraft rescue and industrial; Aerials, which provides turntable ladders and aerial rescue platforms; Fire fighting components, including portable fire pumps and electronic control systems; Fire and safety equipment, offering technical emergency and personal protective equipment (PPE); Business development, which provides fire fighting solutions mainly to telematics and industrial sector; and Consumer services, which offers maintenance, repairs, fleet management, and spare parts, among others. The firm operates worldwide through numerous subsidiaries, such as Rosenbauer Espanola SA, Metz Aerials GmbH & Co KG, Mi Star doo and Rosenbauer doo.
Rosenbauer International AG engages in the development, manufacture, and sale of firefighting and disaster protection equipment. The company is headquartered in Leonding, Oberoesterreich and currently employs 4,130 full-time employees. The firm specializes in manufacture, sale and distribution of fire fighting vehicles, installations and systems, and safety equipment. The company is active in six business units: Vehicles, producing a range of fire fighting vehicles, such as municipal, aircraft rescue and industrial; Aerials, which provides turntable ladders and aerial rescue platforms; Fire fighting components, including portable fire pumps and electronic control systems; Fire and safety equipment, offering technical emergency and personal protective equipment (PPE); Business development, which provides fire fighting solutions mainly to telematics and industrial sector; and Consumer services, which offers maintenance, repairs, fleet management, and spare parts, among others. The firm operates worldwide through numerous subsidiaries, such as Rosenbauer Espanola SA, Metz Aerials GmbH & Co KG, Mi Star doo and Rosenbauer doo.
Record Turnover: Rosenbauer posted record H1 2020 turnover of EUR 458 million, up 16% year-on-year, demonstrating resilience despite the pandemic.
Stable Profitability: EBIT rose to EUR 5.4 million (from EUR 5.2 million last year) even after a EUR 9 million COVID-19 impact.
Order Intake Steady: Order intake matched turnover at EUR 455 million but was about 20% lower than last year, with notable weakness in Asia Pacific.
Guidance Raised: Management now expects 2020 turnover to moderately exceed last year's and has introduced EBIT margin guidance of 4–5%.
Operating Cash Flow: Cash flow improved significantly and is targeted to turn positive for the full year.
New Product Launch: The launch of the hybrid Concept Fire Truck (RT) is expected to drive future growth, targeting bigger cities.
COVID-19 Management: No production site saw permanent disruption; supply chain and customer acceptance remained stable.
Working Capital Initiative: Major focus on cutting net working capital by about EUR 100 million by end-2021 to 40% of turnover.
