Price Target Changed • Aug 11
Price target increased by 8.1% to €75.67 Up from €70.00, the current price target is an average from 3 analysts. New target price is 22% above last closing price of €61.80. Stock is up 37% over the past year. The company is forecast to post earnings per share of €5.94 for next year compared to €5.17 last year. Reported Earnings • Aug 09
Second quarter 2026 earnings released: €0.72 loss per share (vs €1.94 loss in 2Q 2025) Second quarter 2026 results: €0.72 loss per share (improved from €1.94 loss in 2Q 2025). Revenue: €322.1m (down 5.6% from 2Q 2025). Net loss: €7.30m (loss narrowed 63% from 2Q 2025). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 22
Price target increased by 13% to €70.00 Up from €62.00, the current price target is an average from 3 analysts. New target price is 16% above last closing price of €60.60. Stock is up 24% over the past year. The company is forecast to post earnings per share of €6.42 for next year compared to €5.17 last year. Price Target Changed • May 28
Price target increased by 9.1% to €65.75 Up from €60.25, the current price target is an average from 4 analysts. New target price is 5.7% above last closing price of €62.20. Stock is up 54% over the past year. The company is forecast to post earnings per share of €6.42 for next year compared to €5.17 last year. New Risk • May 25
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Reported Earnings • May 21
First quarter 2026 earnings released: EPS: €0.92 (vs €0.059 loss in 1Q 2025) First quarter 2026 results: EPS: €0.92 (up from €0.059 loss in 1Q 2025). Revenue: €303.8m (up 15% from 1Q 2025). Net income: €9.40m (up €10.00m from 1Q 2025). Profit margin: 3.1% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: €5.32 (vs €3.96 in FY 2024) Full year 2025 results: EPS: €5.32 (up from €3.96 in FY 2024). Revenue: €1.43b (up 9.4% from FY 2024). Net income: €54.3m (up 101% from FY 2024). Profit margin: 3.8% (up from 2.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Apr 10
New major risk - Revenue and earnings growth Earnings have declined by 2.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings have declined by 2.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Price Target Changed • Feb 24
Price target increased by 8.8% to €58.50 Up from €53.75, the current price target is an average from 4 analysts. New target price is 18% above last closing price of €49.50. Stock is up 23% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €3.96 last year. Major Estimate Revision • Dec 10
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €3.05 to €3.40. Revenue forecast unchanged at €1.46b. Net income forecast to grow 113% next year vs 22% growth forecast for Machinery industry in Austria. Consensus price target of €56.75 unchanged from last update. Share price was steady at €45.00 over the past week. Announcement • Dec 09
Rosenbauer International AG, Annual General Meeting, May 20, 2026 Rosenbauer International AG, Annual General Meeting, May 20, 2026. Major Estimate Revision • Nov 21
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €1.53b to €1.45b. EPS estimate also fell from €3.45 per share to €3.05 per share. Net income forecast to grow 110% next year vs 22% growth forecast for Machinery industry in Austria. Consensus price target of €56.75 unchanged from last update. Share price fell 3.6% to €45.00 over the past week. Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: €1.41 (vs €0.26 in 3Q 2024) Third quarter 2025 results: EPS: €1.41 (up from €0.26 in 3Q 2024). Revenue: €346.0m (up 13% from 3Q 2024). Net income: €14.4m (up €12.6m from 3Q 2024). Profit margin: 4.2% (up from 0.6% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Sep 03
Now 21% undervalued Over the last 90 days, the stock has risen 7.8% to €44.20. The fair value is estimated to be €55.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 102%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 413% in the next 2 years. Reported Earnings • Aug 11
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €341.1m (up 10% from 2Q 2024). Net loss: €18.1m (down €21.0m from profit in 2Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Price Target Changed • Jun 27
Price target increased by 10% to €53.75 Up from €48.75, the current price target is an average from 4 analysts. New target price is 23% above last closing price of €43.70. The company is forecast to post earnings per share of €4.97 for next year compared to €3.96 last year. New Risk • Jun 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €0.015 (vs €1.37 loss in 1Q 2024) First quarter 2025 results: EPS: €0.015 (up from €1.37 loss in 1Q 2024). Revenue: €263.6m (up 17% from 1Q 2024). Net income: €100.0k (up €9.44m from 1Q 2024). Profit margin: 0% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 24
Price target increased by 8.3% to €48.75 Up from €45.00, the current price target is an average from 4 analysts. New target price is 26% above last closing price of €38.60. The company is forecast to post earnings per share of €4.66 for next year compared to €3.96 last year. Reported Earnings • Apr 13
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: €3.96 (up from €0.16 loss in FY 2023). Revenue: €1.31b (up 23% from FY 2023). Net income: €27.0m (up €28.0m from FY 2023). Profit margin: 2.1% (up from net loss in FY 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 56%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Announcement • Apr 02
Rosenbauer International AG Announces Board Changes The Supervisory Board of Rosenbauer International AG, Christian Reisinger was appointed as the new Chairman of the Supervisory Board. He succeeds Jörg Astalosch, who stepped down from his position at the last Extraordinary General Meeting and left the Supervisory Board. Former members Bernhard Matzner and Martin Zehnder are also leaving the Supervisory Board with him. At the Extraordinary General Meeting, Friedrich Roithner, Gernot Hofer and Florian Hutter were newly elected to the Supervisory Board. Gernot Hofer will act as Deputy Chairman of the Supervisory Board in future. Announcement • Jan 27
Rosenbauer International AG, Annual General Meeting, May 08, 2025 Rosenbauer International AG, Annual General Meeting, May 08, 2025. Major Estimate Revision • Nov 22
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €2.78 to €2.36 per share. Revenue forecast steady at €1.22b. Net income forecast to grow 137% next year vs 17% growth forecast for Machinery industry in Austria. Consensus price target of €45.00 unchanged from last update. Share price was steady at €35.80 over the past week. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: €1.14 (vs €0.10 loss in 3Q 2023) Third quarter 2024 results: EPS: €1.14 (up from €0.10 loss in 3Q 2023). Revenue: €306.7m (up 28% from 3Q 2023). Net income: €7.76m (up €8.47m from 3Q 2023). Profit margin: 2.5% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: €0.42 (vs €0.21 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.42 (up from €0.21 loss in 2Q 2023). Revenue: €309.0m (up 15% from 2Q 2023). Net income: €2.87m (up €4.31m from 2Q 2023). Profit margin: 0.9% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Aug 02
An Austrian consortium around Stefan Pierer agreed to acquire an unknown minority stake in Rosenbauer International AG (WBAG:ROS) from Rosenbauer Beteiligungsverwaltung GmbH. An Austrian consortium around Stefan Pierer entered into binding agreement to acquire an unknown minority stake in Rosenbauer International AG (WBAG:ROS) from Rosenbauer Beteiligungsverwaltung GmbH on August 1, 2024. After their implementation and before the implementation of the following mandatory offer, the shareholder structure of Rosenbauer will be as follows: Robau 50.10%, BVG 17.23% and free float 32.67% and the mandatory offer is expected to be triggered in the 4th quarter of 2024. Post completion of the acquisition, Robau will indirectly acquire a 25.15% Rosenbauer share package from BVG. The transaction is subject to mandatory regulatory conditions precedent. Price Target Changed • Jul 19
Price target increased by 9.0% to €42.50 Up from €39.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of €36.70. Stock is up 23% over the past year. The company is forecast to post earnings per share of €2.84 next year compared to a net loss per share of €0.16 last year. Buy Or Sell Opportunity • Jun 11
Now 21% undervalued Over the last 90 days, the stock has risen 21% to €34.60. The fair value is estimated to be €43.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 5,796% in the next 2 years. Reported Earnings • May 19
First quarter 2024 earnings released: €1.37 loss per share (vs €1.63 loss in 1Q 2023) First quarter 2024 results: €1.37 loss per share (improved from €1.63 loss in 1Q 2023). Revenue: €225.6m (up 18% from 1Q 2023). Net loss: €9.34m (loss narrowed 16% from 1Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 07
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: €0.16 loss per share (improved from €3.57 loss in FY 2022). Revenue: €1.06b (up 9.5% from FY 2022). Net loss: €1.08m (loss narrowed 96% from FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Feb 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Share price has been volatile over the past 3 months (4.3% average weekly change). Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: €0.11 (vs €1.47 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.11 (up from €1.47 loss in 3Q 2022). Revenue: €238.6m (up 7.7% from 3Q 2022). Net income: €581.0k (up €10.6m from 3Q 2022). Profit margin: 0.2% (up from net loss in 3Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 31
Price target decreased by 13% to €39.00 Down from €45.00, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €30.50. Stock is down 9.5% over the past year. The company is forecast to post earnings per share of €2.31 next year compared to a net loss per share of €3.57 last year. Announcement • Oct 22
Rosenbauer International AG Raises Financial Guidance for 2023 Rosenbauer International AG raised financial guidance for 2023. For the period, the company now expected revenues of EUR 1.1 billion in the current financial year (previously: over EUR 1 billion). Reported Earnings • Aug 13
Second quarter 2023 earnings released: €0.21 loss per share (vs €0.24 profit in 2Q 2022) Second quarter 2023 results: €0.21 loss per share (down from €0.24 profit in 2Q 2022). Revenue: €268.8m (up 6.2% from 2Q 2022). Net loss: €1.43m (down 187% from profit in 2Q 2022). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Price Target Changed • Jun 18
Price target decreased by 11% to €40.00 Down from €45.00, the current price target is an average from 2 analysts. New target price is 29% above last closing price of €31.00. Stock is down 12% over the past year. The company is forecast to post earnings per share of €3.77 next year compared to a net loss per share of €3.57 last year. Buying Opportunity • Jun 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €39.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 23
Full year 2022 earnings released: €3.57 loss per share (vs €2.27 profit in FY 2021) Full year 2022 results: €3.57 loss per share (down from €2.27 profit in FY 2021). Revenue: €972.2m (flat on FY 2021). Net loss: €24.3m (down 257% from profit in FY 2021). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Buying Opportunity • Jan 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.5%. The fair value is estimated to be €40.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 11
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €40.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Nov 25
Rosenbauer International Ag Announces Executive Changes The Supervisory Board of Rosenbauer International AG appointed Markus Richter, 60, as new Chief Financial Officer. Richter succeeds Sebastian Wolf in this function, who moved to the top of the Group as the new CEO in August and continued to manage the Finance Division on an interim basis. Richter will join Rosenbauer's Executive Board on December 1, 2022.Markus Richter graduated in business administration from the University of Cologne. His professional career initially took him to the German industry, where he held various management positions. In 2000, he moved to Austria as Head of Finance at RHI AG; further positions followed at Verbund, ÖBB Holding, Trenkwalder and Asamer. His most recent appointment was as commercial manager and Chief Financial Officer for the Upper Austrian Engel Holding and Engel Austria GmbH. Reported Earnings • Nov 17
Third quarter 2022 earnings released: €1.49 loss per share (vs €0.096 profit in 3Q 2021) Third quarter 2022 results: €1.49 loss per share (down from €0.096 profit in 3Q 2021). Revenue: €221.5m (up 8.3% from 3Q 2021). Net loss: €8.72m (down €9.37m from profit in 3Q 2021). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 12
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -€0.43 to -€0.17 per share. Revenue forecast steady at €989.5m. Machinery industry in Austria expected to see average net income growth of 13% next year. Consensus price target of €45.00 unchanged from last update. Share price fell 3.0% to €32.30 over the past week. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. Forecast loss of -€0.43 per share in 2022, versus previous forecasts of €1.03 per share. Revenue forecast unchanged from €989.8m at last update. Machinery industry in Austria expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at €45.00. Share price rose 4.6% to €36.50 over the past week. Reported Earnings • Aug 15
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: €0.24 (down from €0.32 in 2Q 2021). Revenue: €253.0m (up 3.2% from 2Q 2021). Net income: €1.66m (down 23% from 2Q 2021). Profit margin: 0.7% (down from 0.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 9.5%, compared to a 13% growth forecast for the Machinery industry in Austria. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 15
Price target decreased to €45.00 Down from €48.67, the current price target is an average from 3 analysts. New target price is 25% above last closing price of €36.00. Stock is down 31% over the past year. The company is forecast to post earnings per share of €1.03 for next year compared to €2.27 last year. Announcement • Jul 30
Rosenbauer Announces Chief Executive Officer Changes Rosenbauer announced resignation of Dieter Siegel as Chief Executive Officer. Sebastian Wolf, who has worked for the group since 2008 and will continue to hold the position of CFO, will become the new CEO on 1 August. Major Estimate Revision • Jul 06
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €1.43 to €1.03 per share. Revenue forecast steady at €989.8m. Net income forecast to grow 162% next year vs 13% growth forecast for Machinery industry in Austria. Consensus price target down from €48.67 to €45.33. Share price fell 14% to €30.30 over the past week. Price Target Changed • Jul 05
Price target decreased to €45.33 Down from €49.17, the current price target is an average from 3 analysts. New target price is 46% above last closing price of €31.00. Stock is down 41% over the past year. The company is forecast to post earnings per share of €1.43 for next year compared to €2.27 last year. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €31.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Machinery industry in Europe. Total loss to shareholders of 16% over the past three years. Major Estimate Revision • May 17
Consensus EPS estimates fall by 26% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €1.00b to €987.2m. EPS estimate also fell from €1.95 per share to €1.44 per share. Net income forecast to shrink 57% next year vs 16% growth forecast for Machinery industry in Austria . Consensus price target broadly unchanged at €49.17. Share price fell 2.9% to €37.30 over the past week. Upcoming Dividend • May 13
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Austrian dividend payers (4.5%). In line with average of industry peers (2.6%). Reported Earnings • May 12
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: €2.31 (up from €0.47 loss in 1Q 2021). Revenue: €176.7m (down 16% from 1Q 2021). Net income: €15.7m (up €18.9m from 1Q 2021). Profit margin: 8.9% (up from net loss in 1Q 2021). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 36%. Over the next year, revenue is forecast to grow 7.4%, compared to a 16% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Announcement • May 10
Rosenbauer International AG Revises Earnings Guidance for the Year 2022 Rosenbauer International AG revised earnings guidance for the year 2022. For the year, the company expects revenues to be approximately €1.0 billion (previously: above €1.0 billion), whereas EBIT margin should land in a range between 1% and 3% (previously: as in the previous year 2021: 3.6%). The reason for this adjustment is Russia'sinvasion of Ukraine, which has once again significantly increased the uncertainty surrounding the supply of truck chassis and made energy-intensive components more expensive. In addition, ongoing disruptions in supply chains and increasing raw material prices are increasingly affecting the Rosenbauer Group's North American plants. Price Target Changed • Apr 27
Price target decreased to €49.77 Down from €54.50, the current price target is an average from 3 analysts. New target price is 33% above last closing price of €37.50. Stock is down 35% over the past year. The company is forecast to post earnings per share of €1.95 for next year compared to €2.27 last year. Major Estimate Revision • Apr 15
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €1.08b to €1.00b. EPS estimate also fell from €2.94 per share to €1.95 per share. Net income forecast to shrink 14% next year vs 17% growth forecast for Machinery industry in Austria . Consensus price target down from €54.50 to €49.77. Share price fell 5.4% to €38.30 over the past week. Price Target Changed • Apr 12
Price target decreased to €50.50 Down from €54.83, the current price target is an average from 3 analysts. New target price is 21% above last closing price of €41.90. Stock is down 21% over the past year. The company is forecast to post earnings per share of €2.16 for next year compared to €2.27 last year. Reported Earnings • Apr 10
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €2.27 (down from €4.26 in FY 2020). Revenue: €975.1m (down 7.5% from FY 2020). Net income: €15.4m (down 47% from FY 2020). Profit margin: 1.6% (down from 2.7% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 154%. Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Major Estimate Revision • Feb 21
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €1.95 to €1.67. Revenue forecast unchanged from €980.0m at last update. Net income forecast to shrink 1.7% next year vs 20% growth forecast for Machinery industry in Austria . Consensus price target of €54.83 unchanged from last update. Share price fell 6.1% to €43.20 over the past week. Major Estimate Revision • Dec 18
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €1.03b to €987.4m. EPS estimate also fell from €3.14 per share to €2.20 per share. Net income forecast to grow 27% next year vs 20% growth forecast for Machinery industry in Austria. Consensus price target down from €56.17 to €54.83. Share price fell 5.6% to €45.80 over the past week. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS €1.15 (vs €1.79 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €194.6m (down 25% from 3Q 2020). Net income: €7.85m (down 36% from 3Q 2020). Profit margin: 4.0% (down from 4.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS €0.32 (vs €0.42 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €245.1m (up 7.1% from 2Q 2020). Net income: €2.16m (up €5.05m from 2Q 2020). Profit margin: 0.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 17
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €4.13 to €3.55. Revenue forecast unchanged from €1.05b at last update. Net income forecast to shrink 2.1% next year vs 27% growth forecast for Machinery industry in Austria . Consensus price target of €57.83 unchanged from last update. Share price was steady at €52.40 over the past week. Announcement • Aug 13
Rosenbauer International AG Retains Earnings Guidance for the Year 2021 Rosenbauer International AG retained earnings guidance for the year 2021. For the year, the company expects to retain stable revenues. Upcoming Dividend • May 26
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 04 June 2021. Trailing yield: 2.9%. Lower than top quartile of Austrian dividend payers (3.2%). Higher than average of industry peers (1.8%). Reported Earnings • May 22
First quarter 2021 earnings released: €0.47 loss per share (vs €0.094 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €209.8m (down 10% from 1Q 2020). Net loss: €3.20m (loss widened 401% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 18
Rosenbauer International Confirms Earnings Guidance for 2021 Rosenbauer International confirmed earnings guidance for 2021. The Executive Board is confident, that delays can be caught up in the course of the year and existing bottlenecks will be resolved, and it expects the company to achieve stable revenues and an EBIT margin of around 5% in 2021. Reported Earnings • Apr 12
Full year 2020 earnings released: EPS €4.26 (vs €3.74 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.05b (up 6.7% from FY 2019). Net income: €28.9m (up 14% from FY 2019). Profit margin: 2.7% (up from 2.6% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.