Rosenbauer International AG / Revenues up slightly at EUR 870.8 million thanks to growth in Europe and US / Dividend of EUR 1.2 per share takes account of investments for the future

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Annual Reports
Revenues up slightly at EUR 870.8 million thanks to growth in Europe and US\nEBIT impacted by political instability and extraordinary effects\nDividend of EUR 1.2 per share takes account of investments for the future\nLower capacity utilization at beginning of 2017 for project-related reasons\nManagement anticipates revenues and earnings in 2017 similar to 2016 ______________________________________________________________________________ |GROUP_KEY_FIGURES__|_________________|_______________2015|________________2016| |Revenues___________|___EUR million___|______________865.4|_______________870.8| |EBIT_______________|___EUR million___|_______________50.6|________________47.0| |Net profit for the | | | | |period_____________|___ EUR million__|_______________36.8|________________34.6| |Cash flow from | | | | |operating | | | | |activities_________|____EUR million__|________________6.5|________________83.4| |Equity in % of | | | | |total_assets_______|_________________|______________37.0%|_______________37.2%| |Earnings_per_share_|_______EUR_______|________________3.3|_________________3.5| |Dividend (Proposal | | | | |to_the_AGM)________|____EUR/share____|________________1.5|_________________1.2| |Employees as of | | | | |December_31________|_________________|______________3,086|_______________3,375| |Order backlog as of| | | | |December_31________|___EUR million __|______________797.5|_______________739.7|\nLike the global economy, the world firefighting industry saw little growth momentum in 2016. There was a significant decline in procurement volumes in countries with a strong dependence on the price of oil in 2016, as this decline now also impacted government fire department budgets. However, the development of the markets in Southeast Asia and the D-A-CH-region (Germany, Austria and Switzerland) was stable, with demand declining slightly in North America.
Revenue and income situation The Rosenbauer Group's revenues amounted to EUR 870.8 million in the 2016 financial year (2015: EUR 865.4 million) and remained satisfactory in spite of the downturn in demand on major markets due to political unrest and the low price of oil. The regional declines in revenues were compensated by a further expansion of business on the developed markets, such as North America and Europe, and in the equipment sector.
EBIT for the 2016 financial year was below the previous year's level at EUR 47.0 million (2015: EUR 50.6 million). The operating result was influenced mainly by the change in the product mix with lower volumes of specialty vehicles and the fierce competition in Europe. As a result of the increase in revenues, the German locations are benefiting from better coverage of fixed costs, though margin pressure has risen further due to the high competitive intensity. Area NOMA's contribution to earnings has also been defined by declining export deliveries, which were partially offset by an increase in local single-vehicle business, though this involves more complex handling.
In addition, this result also includes extraordinary effects of around EUR 3.5 million relating to the start-up phase of the newly founded company Rosenbauer Rovereto, a provision for staff measures and an increase in expenses in connection with recent acquisitions.
Dividend Considering the negative effects in the future in view of growing political instability on the international markets and investments in pioneering firefighting vehicles the Executive Board and Supervisory Board will propose a dividend of EUR 1.2 (2015: EUR1.5) per share at the Annual General Meeting. Accordingly, the distribution volume for 6.8 million no-par-value shares will be EUR 8.2 million (2015: EUR 10.2 million). Based on the closing price of EUR 54.2, this corresponds to a dividend yield of 2.2% (2015: 2.3%).
Outlook The uncertainty regarding the development of the firefighting markets has increased tangibly in recent months. Geopolitical tension and the low price of oil could affect growth on certain markets in 2017 as well. Overall, however, stable development in global demand for firefighting technology is assumed.
With a strong market presence, geographically balanced business, its broad portfolio, technology leadership and financial strength, Rosenbauer is well placed to take advantage of these opportunities for profitable, long-term growth. In order for the targeted growth to take place on a sound financial basis, there is a continued focus on increasing efficiency and reducing costs. Despite the lower capacity utilization at the beginning of the year for project-related reasons and the continuing pressure on margins in developed markets, as well as the factors above, the management anticipates to keep revenues and earnings at the previous year's level.
end of announcement euro adhoc

company: Rosenbauer International AG Paschingerstrasse 90 A-4060 Leonding phone: +43(0)732 6794 568 FAX: +43(0)732 6794 89 mail: ir@rosenbauer.com WWW: www.rosenbauer.com sector: Machine Manufacturing ISIN: AT0000922554 indexes: WBI, ATX Prime

stockmarkets: free trade: Berlin, Stuttgart, official market: Wien language: English
Digital press kit: http://www.ots.at/pressemappe/2916/aom

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