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EANS-Adhoc: Rosenbauer International AG / Successful production start-up in new Plant II Leonding / First quarter revenues slightly lower, as expected / EBIT up by around 27% to EUR 4.7 million

Geschrieben am 15-05-2014

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Financial Figures/Balance Sheet/quarterly report
15.05.2014

o Successful production start-up in new Plant II Leonding o 1st
quarter revenues slightly lower, as expected o EBIT up by around 27%
to EUR 4.7 million o Order intake of EUR 139.1 million still at a
high level, even in the absence of a major order

_____________________________________________________________________
_________

| |_____________|___1-3/2014___|___1-3/2013____|___Change_%__ _|
| | Mio EUR | | | |
|Revenues _____|_____EUR_____|_________147.9|__________154.8|__________ (4%)|
| | Mio EUR | | | |

|EBIT_____________|_____________|___________4.7|____________3.7|_____
____ +27%| | | Mio EUR | |
| | |EBT______________|_____________|___________5.0|___
_________3.4|_________ +47%| | | Mio EUR |
| | | |Net profit of the

period _|_____________|___________4.1|____________1.2|________ +242%|
|Cash flow from
operating activities Mio EUR _|________(75.7)|_________(31.3)|_______________|

| | Mio EUR | | |
| |Total
assets_____|_____________|_________499.6|__________462.3|__________
+8%| |Equity in % | | | |
| |of total assets__|_____________|________ 38.2%|________
_35.7%|_______________| | | Mio EUR |
| | |

|Investments ____|_____________|___________6.2|____________5.2|_________ +19%|
|Earnings per share ___EUR_____|___________0.4|____________0.1|________ +300%|
|Dividend per share EUR___|____ ______1.2|____________ 1.2|____________0%|
|Employees as at | | | |
|March 31_ _______|_____________|_________2,692|__________2,456|_________ +10%|
| | Mio EUR | | | |
|Order intake __|_____________|_________139.1|__________274.8|_________ (49%)|
|Order backlog | Mio EUR | | | |

|as at March
31___|_____________|_________607.5|__________707.0|________ _(14%)|

Dividend: Proposal to the AGM

The markets for the fire equipment industry will once again be
characterized by widely differing challenges in 2014. Overall, 2014
is not expected to bring any marked improvement, although indications
of an upturn are starting to make themselves felt in certain markets.
Just how fire equipment markets will develop in detail often depends
upon the availability of public-sector funding. An exact forecast is
difficult to make here.

The Rosenbauer Group posted slightly lower consolidated revenues of
EUR 147.9 million in the first quarter of 2014 (1-3/2013: EUR 154.8
million). The keynote event of the first three months was the
relocation of the production operations for the PANTHER and AT
models, which lowered overall revenues in the Austrian segment. The
proportionately lower volume of shipments in the first quarter, as
compared to overall annual volumes, is typical of the fire equipment
business. This is due to the fact that the majority of shipments tend
to be in the second half of the year. However, this seasonal
dependency during the fiscal year is often smoothed to some extent by
centrally directed procurement that does not fall under public-sector
revenue and expenditure budgets.

At EUR 4.7 million, EBIT came in higher than last year (1-3/2013: EUR
3.7 million). This increase is due not only to capitalized
development costs but also to substantially better earnings in the US
segment and the improved result of the German segment. Due to the
lower fixed-cost coverage resulting from the seasonal pattern of
product shipments, the EBIT margin of 3.2% in the 1st quarter
(1-3/2013: 2.4%) was still below the average level of the preceding
financial years. The "Finance cost" of EUR -0.3 million was improved
year-on- year (1-3/2013: EUR -1.2 million), while the result of joint
ventures fell to EUR 0.6 million (1 3/2013: EUR 0.9 million) due to
reduced earnings from the joint venture in Russia. EBT for the first
quarter came to EUR 5.0 million (1-3/ 2013: EUR 3.4 million).

Due to a major order, the EUR 274.8 million in new orders that the
Group took during the same reporting period of last year was
considerably above the average level of recent years. At EUR 139.1
million, the Group's order intake in the first quarter of 2014 was a
satisfactory figure that does not yet take account of the major
order, received in April 2014, to supply response equipment worth EUR
150 million to the Saudi Arabian civil defense sector. Despite the
high volume of shipments at the year-end, the EUR 607.5 million
reserve of unfilled orders at March 31, 2014 (March 31, 2013: EUR
707.0 million) was still at a high level. This gives the Rosenbauer
Group assured capacity utilization at its manufacturing facilities,
and a fairly clear view of the likely course of revenues for the rest
of this year.

Based on the overall economic outlook and the prospects for the
fire-equipment sector, and on the particular growth prospects for the
markets in which Rosenbauer is active, it should be possible for
Rosenbauer to sustain the trend of previous years. Given the healthy
state of the company's order books, the favorable outlook for project
business and the enlarged production capacity, Management's
expectation for the current financial year is for revenues at the
same high level as last year's. However, the substantial investments
being made in the future, the costs of installing the two new
production lines at Plant II Leonding, and the still fierce price
competition on the market, will all weigh on earnings. The additions
to production space, and an optimization program launched in the main
production zones in 2012, will counter this margin trend. Management
is aiming for an improvement upon the EBIT margin of 5.7% attained in
2013.

Further inquiry note:
Rosenbauer International AG
Mag. Gerda Königstorfer
Tel.: 0732/6794-568
gerda.koenigstorfer@rosenbauer.com

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

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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