Costs reduced, efficiency improved: After a turbulent period, Rosenbauer is on its way out of the crisis. Yet there is still no reason for the world’s largest fire service provider to sit back. This is also underlined by the words of CEO Sebastian Wolf.
According to the preliminary results, Rosenbauer managed to return to profitability last year. The operating result is therefore 37.4 million euros, the profit before tax is 7.3 million euros. “I am proud of the team that we achieved the turnaround in 2023 – despite huge interest rate increases,” says CEO Sebastian Wolf.
The 41-year-old, who has been at the helm of the Leonding (Upper Austria)-based company since August 2022, speaks of an “important partial success”. But there is still a lot to do: “Increasing efficiency and reducing capital use in our company remain at the top of the agenda.”
Costs reduced by 30 million euros
Wolf had prescribed a ‘fitness program’ for the company, which was ready by the end of 2023. Under the motto ‘Refocus, Restart’, costs were reduced by around 30 million euros and screws were also tightened to make production more efficient.
In sight: faster production processes
Demand is huge: “The occupancy rate is very good at all our locations,” says Wolf, who is currently responsible for technology in the group until Thomas Biringer takes over as interim technology director on March 11. Wolf: “With his support, we want to further expand our measures to increase efficiency and create faster production processes.”
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.
