Rosenbauer International AG's Strong Performance and Positive Outlook

Rosenbauer International AG has reported robust preliminary results for Q4 2024 and provided an optimistic outlook for 2025. The company achieved a 23% year-on-year increase in preliminary FY24 sales, reaching €1,307 million, surpassing both their previous estimates and guidance. This growth was supported by a 10% increase in vehicle deliveries, which significantly boosted the topline.

The demand for Rosenbauer's firefighting technologies remained high, with Q4 order intake up 11.4% year-on-year, setting a new record high order backlog of €2.28 billion. Furthermore, EBIT for FY24 rose by 74% to €65.2 million, with a 1.5 percentage point margin improvement to 5.0%.

Looking ahead to FY25, Rosenbauer's management expects sales of approximately €1.50 billion, with an EBIT margin exceeding 6%. Expected price increases contribute significantly to this positive forecast. Consequently, NuWays AG has reiterated its BUY rating with an upgraded price target of €55.