Rosenbauer share lighter: Corona crisis burdened Rosenbauer with 9 million euros | 08/14/20

The corona crisis has so far cost fire equipment supplier Rosenbauer 9 million euros.

The half-year profit was nevertheless higher than in the first half of 2019. The operating profit (EBIT) rose from 5.2 to 5.4 million euros, the profit for the period from 1.6 to 2.2 million euros. Sales increased from 395 to 458 million euros, a new record, as the Upper Austrian company announced on Friday.

“Experience shows that the fire service industry follows the general economy with a gap of several months. Although demand slowed in the second quarter, the sector should be able to hold its own in the current declining economic environment thanks to full order books,” said Rosenbauer in Outlook.

The order backlog fell by more than 100 million euros. As of June 30, 2020, it was 1.12 billion euros, a year earlier it was 1.23 million euros. Against the background of an unchanged solid order backlog, the Rosenbauer Executive Board expects a slight increase in sales for the full year. The EBIT margin should be between 4 and 5 percent.

The Rosenbauer share temporarily lost 1.84 percent to 32 euros on the Viennese floor.

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