Revenue rises 22.7 percent amid higher global vehicle deliveries

Rosenbauer has reported that its 2024 revenue increased by 22.7 percent year-on-year to €1,305.9 million, supported by growth in vehicle sales, equipment, components and service divisions.

The Group’s earnings before interest and taxes (EBIT) rose to €64.9 million, up from €37.5 million in 2023.

Earnings before taxes (EBT) reached €26.3 million, nearly four times the previous year’s result of €7.0 million.

According to Rosenbauer, all major sales regions – Europe, the Americas, and Middle East & Africa – contributed to the revenue increase.

The company attributed the improved results to process optimisation and cost reduction initiatives started in previous years.

CEO and CFO comment on recovery, refinancing, and capital increase

Sebastian Wolf, CEO of Rosenbauer International AG, said: “The results of the 2024 fiscal year mark some absolute highs in the history of the Rosenbauer Group, and they clearly show that we have achieved the turnaround.”

He added: “The capital increase in February 2025 has boosted our equity ratio to 26% based on the annual financial statements and we have regained full maneuverability to master the current geopolitical challenges and take advantage of future growth opportunities.”

CFO Markus Richter added: “The successful implementation of the capital increase strengthened the capital market’s confidence in Rosenbauer and enabled us to conclude a new refinancing of €330 million with our core banks.”

He said: “With this syndicated loan with a basic term of three years and extension options, the Multilateral Refinancing Agreement concluded in March 2024 was quickly replaced.”

Record order intake and backlog boost long-term production outlook

Order intake for 2024 reached a record high of €1,705.2 million.

By the end of the year, the Group’s order backlog stood at €2,279.8 million, which exceeded its annual revenue and is expected to ensure production capacity until at least 2026.

In the Europe, Middle East & Africa region, and the Americas, orders increased significantly.

Among the key contracts, Rosenbauer Deutschland secured a framework agreement with the German Bundeswehr to deliver up to 60 PANTHER ARFF vehicles, with 35 due by 2029.

Net debt reduced and operating cash flow returns to positive

Despite revenue growth, Rosenbauer reduced its trade working capital by 10.2 percent, mainly due to shorter throughput times, increased inventory turnover, and higher customer prepayments.

Net debt decreased from €428.2 million in 2023 to €392.5 million in 2024.

Following the capital increase, net debt dropped below €300 million by March 2025.

Cash flow from operating activities returned to positive at €82.0 million, up from a negative €82.8 million the year before.

Rosenbauer achieves €1.3 billion revenue and reduces net debt in 2024: Summary

Rosenbauer reported a 22.7 percent increase in annual revenue in 2024, reaching €1,305.9 million.

Vehicle sales, service, equipment and components all contributed to growth.

EBIT increased by 73.1 percent to €64.9 million.

EBT rose to €26.3 million.

Net income was €29.8 million.

Order intake reached €1,705.2 million.

Order backlog grew to €2,279.8 million.

Gross profit rose to €222.0 million.

Operating cash flow improved to €82.0 million.

Net debt fell to €392.5 million.

Equity ratio increased to 26 percent following a capital increase in February 2025.

Rosenbauer expects 2025 revenue of around €1.5 billion and an EBIT margin above 6 percent.