Rosenbauer closed 2023 with a profit, which CEO Sebastian Wolf assessed as a “partial success”. The fire service supplier can report many positive things after the first half of 2024, but also has a negative result for the period – namely minus 5.2 million euros.
First, the course was set for a capital increase, then the entry of Robau around KTM boss Stefan Pierer, Red Bull heir Mark Mateschitz and two Raiffeisen Upper Austrian companies, which will also take over the majority by the end of the year – due to the upcoming changes in the balance of power Rosenbauer, the company operating from Leonding (Upper Austria), has received a lot of attention in recent weeks.
Turnover rose to 534.6 million euros
Otherwise, it was business as usual at the world’s largest fire service provider. And there’s much to be proud of: the company increased its revenue in the first half of 2024 to €534.6 million, up €74.1 million from the first half of 2023. While operating profit before interest and taxes rose to €14.4 million, the result for the period also improved, but remained in the red – minus €5.2 million.
“The results of the first half of the year show that the price increases and the improvements that have been implemented are working. They give me confidence that we will achieve our targets for 2024,” says CEO Sebastian Wolf. A lot of effort is being made to make production even faster and to reduce costs.
There is still homework to be done for the entire group
“We have made further important improvements in recent months, for example in the areas of supply chain management and lead times in car production, but there is still homework to be done across the group,” said CFO Markus Richter.
Demand for the company is developing well, particularly in the Middle East and America. Order intake in the first half of 2024 amounted to 744.2 million 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.
