Sponsored Content
Fire Brigade Equipment Supplier Rosenbauer: Profit Halved in 2017
Despite a record order intake, the profit of the Upper Austrian firefighting equipment supplier Rosenbauer halved in the 2017 financial year. This was partly due to a slump in demand in the Middle East and North Africa, but also to the recently reported irregularities at a German subsidiary, which led to a write-down of EUR 3.5 million.
Irregularities at the German subsidiary: Profit of the Upper Austrian fire brigade equipment supplier melted to 18.5 million euros. / Picture: © Rosenbauer International AG
The low oil price at the beginning of the year and political unrest had led to a considerable drop in demand in the MENA region (Middle East and Africa), which could only partially be offset by deliveries to some Asian, African and European countries, Rosenbauer announces.
Sales therefore fell by 2.7 percent to EUR 847.6 million.
Operating profit (EBIT) fell by…
or Log In
Fast News Search