Image: Weihbold
Image: Rosenbauer International
The listed fire equipment supplier Rosenbauer made great progress in operational restructuring in 2023. The operating result (EBIT) improved by 48 million euros – from more than minus ten million to plus 37.4 million euros. The loss of 30 million turned into a profit of a good seven million euros. Rosenbauer announced these preliminary figures yesterday.
The year was still affected by delivery interruptions. The delivery reliability of the truck builders, who provided the basis for the fire brigade bodies, was unsatisfactory until the end, writes Rosenbauer. This made it necessary to keep more stocks, which still means a high capital requirement for production.
Sales grew by ten percent to a good one billion euros due to higher sales prices and increases in the areas of equipment and service. The board gave an outlook early in the year: sales are expected to increase to 1.2 billion euros in 2024, and the EBIT margin should reach around five percent.
- Also read: Firefighter equipment supplier Rosenbauer now needs fresh money
Rosenbauer management bases this forecast on an extremely high order backlog: in 2023 alone, orders worth 1.45 billion euros were concluded, which results in an order backlog of almost 1.8 billion euros – which corresponds to a capacity utilization of 1.5 years. One individual order stands out: Saudi Electricity has ordered 45 industrial fire engines.
Manufacturing should become more efficient
As of March 11th, Thomas Biringer will temporarily take over the technical agenda. The experienced manager from the automotive sector (Magna, BMW, Daimler) has just come from Schwarzmüller, where he was brought in to quickly optimize processes. At Rosenbauer, too, it should make production faster and more efficient. As reported, production director Daniel Tomaschko has left the company.
Biringer is a member of a restructuring and interim management network and advertises his restructuring experience there. The 55-year-old had already been to Rosenbauer for a project in 2009.
Image: Rosenbauer International
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