The cost increases of the past two years have been ‘priced in’ for the vehicles, while at the same time the belts have been tightened in the areas of research and development, sales and administration – all of which ensures that Rosenbauer is stabilizing again after turbulent times. Nevertheless, the result for the period remains negative even after three quarters of 2023.
“Our measures are having an increasingly stronger effect – from month to month, from quarter to quarter,” Sebastian Wolf, CEO of Rosenbauer, emphasized in mid-August during the presentation of the half-year results. And they still showed the firefighter from Upper Austria in the red zone. The result for the period amounted to minus 11.6 million euros.
After three quarters of the current financial year, not much has changed. Earnings before interest and taxes are positive at 11.2 million euros, but the profit for the period of the company, which operates from Leonding (Upper Austria), is still negative – minus 11.9 million euros!
Good ordering situation
Nevertheless, the world’s largest supplier of fire equipment is back on track: sales after three quarters amounted to 699.1 million euros and are expected to exceed 1 billion euros again by the end of the year. “Our order book is at a very high level,” Wolf said cheerfully in the summer. From January to September, Rosenbauer managed to win orders worth 1.026 billion euros.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
