On Tuesday, shareholders gave the green light for the capital increase at Rosenbauer, thus opening the door for an investor. Three days later, the fire brigade supplier from Leonding (Upper Austria) presented the figures for the first quarter of 2024. They reported an increase in turnover, but the result for the period was still negative.
The result for the period after the first quarter of 2023 was minus 10.7 million euros, in 2024 Rosenbauer reached minus 9.1 million euros after three months – also a result of the high interest burden that the supplier of fire equipment has to contend with.
Strong increase in turnover
The daily business at the company, which operates from Leonding (Upper Austria), is going well: due to a greater number of vehicles delivered at better prices and also a greater demand for equipment and services, turnover increased sharply in the first quarter of 2024 : to 225.6 million euros. After three months in 2023, this value amounted to 191.7 million euros. For the first time in two years, there was a positive operating result in the first quarter.
“We see growth for this year”
The board of directors around boss Sebastian Wolf is looking ahead. “We anticipate growth this year,” Wolf emphasized at the general meeting on Tuesday. Intensive discussions are taking place behind the scenes to implement the capital increase for Rosenbauer as best as possible. The Upper Austrian shareholders paved the way for this with their yes vote.
Source: Krone
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