Rosenbauer increased sales to 460.5 million euros

2023-08-11 06:13:00

However, the operating result (EBIT) turned from minus EUR 23.2 million to plus EUR 0.7 million. Earnings before interest, taxes, depreciation and amortization were also positive at EUR 15.1 million, after a loss of EUR 8.8 million in the previous year, as the Upper Austrians announced on Friday.

Accordingly, sales increased from EUR 429.7 to 460.5 million. Incoming orders rose by 14 percent to EUR 664.8 million, according to the Upper Austrians in a broadcast on Friday. The order backlog at the end of June increased from around EUR 1.33 billion to EUR 1.69 billion.

However, the cash flow from operating activities deteriorated from minus 121.8 to minus 138.6 million euros. The number of employees increased from 4,036 to 4,159.

Bulging order books

In the second quarter of 2023, the group of companies compensated for the backlog and negative effects of the past cyber attack. “As a result, the operational turnaround was achieved,” says the automotive specialist. With the completion of 100 vehicles in June alone at the Leonding location, “a top performance was achieved”.

Regarding the outlook, it said: “The order books in the firefighting industry are bulging, so that the industry can generally expect sales growth again in 2023. (…) Assuming a further improvement in the provision of truck chassis, the Rosenbauer Group Board of Management expects 2023 sales of over one billion euros. The EBIT margin should be around 3 percent.”