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Rosenbauer Reports Drop in Profit
Companies ♦
Published: November 18, 2011; 12:53 ♦ (Vindobona)

The Austrian manufacturer of fire fighting vehicles registered record order intake of € 456m in the first nine months of the year. Revenues and EBIT came in lower than expected due to shipment delays.

Rosenbauer today reported results for the first three quarters of the year. At € 368.5m (1-9/2010: € 421.2m), Group revenues were still lagging some way behind plan – above all due to the timing of product shipments. Initial 'teething troubles' at vendor firms – which were unable to fulfill the required delivery volumes – have led to delayed shipments during series start-up of…
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