EANS-News: Rosenbauer International AG/Consolidated revenues down at EUR 602.9 million due to deliveries/Increase in deliveries in North America and parts of Europe/EBIT on similar scale to previous y

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9-month report/Quarterly results

- Consolidated revenues down at EUR 602.9 million due to deliveries -
Increase in deliveries in North America and parts of Europe - EBIT on
similar scale to previous year at EUR 27.3 million - 2016: Revenues
and EBIT expected to be on similar scale to previous year

_____________________________________________________________________
______ |KEY CORPORATE | | |
| |

|FIGURES_______|_______________|_______1-9/2015|_______1-9/2016|___Change_%|
|Revenues _____|in EUR_million_|__________627.5|__________602.9|_____(4%)__|
|EBIT__________|in_EUR_million_|___________27.6|___________27.3|_____(1%)__|

|Net profit for| | | |
| |the_period____|in_EUR_million_|___________21.1|___________19.6|___
__(7%)__| |Cash flow from| | |
| | |operating | | |
| | |activities____|in_EUR_million_|_________(67.0)|_______
__(24.7)|__________-| |Equity in % of| |
| | | |total_assets__|_______________|_______
___32.7%|__________32.1%|_____(2%)__| |Investments___|in_EUR_million_
|___________17.0|___________17.3|_________2%| |Earnings per |
| | | | |share_________|______E
UR______|____________1.5|____________1.8|_________6%| |Employees as
| | | | | |of
September | | | |
| |30____________|_______________|__________3,067|__________3,320|___
______8%| |Order backlog | | |
| | |as of | | |
| | |September_30__|in_EUR_million_|__________846.1|_______
___803.5|_____(5%)__| |Order_intake__|in_EUR_million_|__________698.6
|__________588.8|______(16%)|

The firefighting industry is facing a range of different challenges
in 2016 as well. Trends in demand should remain stable on the North
American market. In Europe, the industry is recording a slight
upturn. Demand from Asia and the Middle East can be expected to
decline in 2016 due to the deteriorating general economic situation
there and the low oil price.

Revenues The Rosenbauer Group generated revenues of EUR 602.9 million
in the first three quarters of 2016 (1-9/2015: EUR 627.5 million).
Although revenues climbed by 4% to EUR 219.5 million in the third
quarter of the current year, this did not yet compensate for the
decline in revenue in the first half of the year. While decreases in
deliveries were observed in some Middle Eastern countries, deliveries
were on the rise in North America and parts of Europe.

The revenues of G&S Brandschutztechnik of EUR 12.2 million were
included in the consolidated financial statements for the first time
in the reporting period.

In July 2016, Rosenbauer International AG founded a joint venture for
business with hydraulic firefighting and rescue platforms together
with the Italian manufacturer CTE SpA, based in Rovereto. The
revenues of Rosenbauer Rovereto of EUR 0.4 million were included in
the consolidated financial statements for the first time in the
reporting period.

Result of operations In the first three quarters, EBIT was on a
similar scale to the previous year at EUR 27.3 million (1-9/2015: EUR
27.6 million). Owing to delays in deliveries due to the political
situation in the Gulf States and the resulting lower coverage of
fixed costs, combined with lower gross margins on orders delivered,
the EBIT margin was still at the previous year's level after the
third quarter at 4.5% (1-9/2015: 4.4%). Owing to the remeasurement of
forward transactions, net finance costs deteriorated year-on-year to
EUR -2.3 million (1-9/2015: EUR -1.7 million).

Consolidated EBT for the reporting period amounted to EUR 25.3
million (1-9/2015: EUR 26.4 million).

Orders The Rosenbauer Group recorded a modest order development in
the first three quarters of the year, with incoming orders amounting
to EUR 588.8 million (1-9/2015: EUR 698.6 million). The order backlog
as of September 30, 2016 was down on the previous year's figure at
EUR 803.5 million (September 30, 2015: EUR 846.1 million). This order
backlog gives the Rosenbauer Group a satisfactory level of capacity
utilization at its production facilities and good visibility for the
next ten months.

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 708.9 million (September 30, 2015: EUR 647.0 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 197.9 million in the reporting period
(September 30, 2015: EUR 189.6 million), while construction contracts
remained at a high level of EUR 109.0 million (September 30, 2015:
EUR 102.9 million). As a result of increased deliveries before the
reporting date, receivables from customers were up year-on-year at
EUR 194.2 million (September 30, 2015: EUR 176.1 million). The
Group's net debt (the net amount of interest-bearing liabilities less
cash and cash equivalents and securities) is therefore still at a
high level of EUR 266.5 million (September 30, 2015: EUR 253.9
million).

Owing to the high level of working capital - particularly due to high
customer receivables - the cash flow from operating activities was
still negative at EUR -24.7 million (1-9/2015: EUR -67.0 million). An
improvement in the cash flow from operating activities is expected by
the end of the year.

Outlook There was a decline in demand for fire service equipment in
some Asian countries in the first few months of 2016. As a result of
the political unrest and the low oil price, there is no discernible
trend indicating that it will be possible to compensate for this weak
demand by the end of the year. Furthermore, the political situation
in the Gulf States is also leading to delays in deliveries in the
current year.

The resulting weaker development of revenues means that - despite
positive effects from the measures to enhance efficiency and reduce
costs - the originally forecast improvement in earnings for the 2016
financial year cannot be achieved and earnings are instead expected
to be on a similar scale to the previous year.

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

end of announcement euro adhoc
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company: 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

Original-Content von: Rosenbauer International AG, übermittelt durch news aktuell