BRIEF

on Rosenbauer International AG (isin : AT0000922554)

Rosenbauer International AG: Positive Growth Indicators and Confident Outlook

NuWays AG provides an optimistic update on Rosenbauer International AG, maintaining a "Buy" recommendation with a target price of EUR 50.00, anticipating robust figures in the upcoming Q3 report. The company attributes this to a 13.6% expected year-on-year revenue increase, reaching EUR 271 million, due to restored supply chains and significant price increments.

Rosenbauer projects a healthy rise in EBIT margin to 5.2%, showcasing a favorable financial trajectory following a challenging FY22. The company expects long-term benefits from its strategic price adjustments reflected in the current orders, with the order book revealing a 20% higher average firetruck price in Q1'24.

Rosenbauer's strong market position is reinforced by continuing demand, linked to climate change impacts and fire truck electrification trends, coupled with a record order backlog of EUR 2.02 billion.

This positive sentiment is further bolstered by peer performance, with competitor Pierce indicating significant growth, enhancing confidence in Rosenbauer’s upcoming results.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Rosenbauer International AG news