Rosenbauer International (ROS) Q4 2024 earnings summary

Executive summary

• Achieved a successful turnaround in 2024, with record revenues up 23% to €1,307.0 million, driven by increased vehicle deliveries and pricing measures.

• EBIT improved by over 70% to a record €65.2 million, despite €4.8 million in negative special effects; net profit surged to €29.8 million from €1.2 million in 2023.

• Cash flow from operating activities turned positive, reaching €82.0 million from -€82.8 million the previous year.

• Order intake hit a record €1,705.2 million, with an order backlog of €2,279.8 million, ensuring capacity utilization into 2026.

• Capital increase in February 2025 improved the equity ratio to 26%.

Financial highlights

• Revenues rose 23% to €1,307.0 million compared to 2023.

• EBITDA increased 43.6% to €97.2 million; EBIT margin improved to 5.0%.

• EBT nearly quadrupled to €26.3 million; net profit for the period was €29.8 million.

• Cash flow from operating activities improved by €164.8 million year-over-year.

• Average price per fire truck and vehicle body increased by 15% and 13%, respectively.

Outlook and guidance

• Sales for 2025 expected to reach around €1.5 billion, with an EBIT margin above 6%.

• Solid order backlog and improved supply chains support further growth.

• Global economic growth forecasted at 3.3% for 2025, with inflation easing but remaining elevated in some regions.