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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 Reports Drop in Profit / Picture: © Rosenbauer International AG
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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