“The price increases and the improvements made have an impact,” says Rosenbauer CEO Sebastian Wolf happily at the presentation of the half-year figures. Even after three quarters, the fire brigade supplier from Leonding (Upper Austria) remains completely on track: turnover increased because more vehicles were delivered and business with equipment and service also went well.
Stefan Pierer, who, together with Red Bull heir Mark Mateschitz and two companies from Raiffeisenlandesbank Oberösterreich, wants to take over the majority in Rosenbauer with the newly founded Robau, currently has his hands full with the motorcycle manufacturer due to the financial problems at KTM. provide liquidity and reduce costs.
The joining of Rosenbauer, which was concluded in the summer, is currently taking a long time – it is important to clarify all formalities and obtain approval from the authorities. The deal should be completed by the end of this year.
Nevertheless, daily life continues at Rosenbauer, where an optimization program led by CEO Sebastian Wolf is becoming increasingly effective. The fire service supplier presented its latest figures on Friday: Turnover increased after three quarters to 841.3 million euros, which means an increase of 142 million euros at the end of September 2023.
Period result improved, but still in the red
Earnings before interest and taxes rose to 29.4 million euros in the first three quarters, while the result for the period remained slightly negative at minus 2.8 million euros – special effects were also responsible for this, Rosenbauer emphasizes. Last year the result for the period was still significantly negative and amounted to minus 11.9 million euros.
Order intake rose to 1.233 billion euros. Under the leadership of interim production director Thomas Biringer, everything is being done to make production run even faster and thus process the order pipeline more quickly.
The capital increase, which will result from Robau’s accession, is expected to be completed this year. “The implementation is running at full speed worldwide,” they say.
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.
