Rosenbauer prelim 4Q 19 - Prelim. FY 19 figures and qualitative FY 20 targets in line
Rosenbauer presented preliminary figures for FY 19 that were largely as expected. Revenues were insignificantly shy of the guidance but profitability was fully in line. The order book remained very solid. The outlook for the current business year is only qualitative at this stage, calling for stable sales growth, a further improvement in profitability and a net debt reduction. We think that these objectives are well reflected in our estimates.Rosenbauer International is a holding company. Co. through its subsidiaries is engaged in the manufacture, sale and distribution of mobile fire protection and civil defense solutions. Co. maintains five business segments: vehicles, aerials, fire and safety equipment, service and spare parts/others, fire fighting components. Co.'s product portfolio includes a range of municipal fire fighting vehicles and aerials built to both European and the United States standards, series of aircraft rescue and fire fighting vehicles, industrial fire fighting vehicles, fire and safety components and equipment. Co. provides services and spare parts, instruction and training programs for its products.
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