Rosenbauer International AG : Order to supply airport rescue fire fighting vehicles to Brazil cancelled Outlook announced for 2012 (revenues >600 m€, EBIT margin >6 %) still valid
January 11, 2013 at 04:34 pm IST
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Order to supply airport rescue fire fighting vehicles to Brazil cancelled
Outlook announced for 2012 (revenues >600 m€, EBIT margin >6%) still valid
Leonding, January 11, 2013
Due to a differing interpretation of the environmental specifications, Infraero Aeroportos has cancelled the 33 m€ order it had placed with Rosenbauer America for the supply of 80 airport rescue fire fighting vehicles. Rosenbauer America has lodged an appeal against this cancellation with the responsible official body and is seeking further legal remedies.
This occurrence will adversely affect the Group's consolidated financial statements for 2012 due to provisions and to loss of profit totalling 3.1 m€.
For Financial 2012, Management is still expecting Group revenues of over 600 m€ and an EBIT margin of over 6%.
The Rosenbauer Group
The Rosenbauer Group is the world's leading manufacturer of fire fighting and disaster protection vehicles for airports and industry. Rosenbauer is a full-liner with mor than 2,500 employees and an extensive range of municipal fire fighting vehicles and aerials in line with both European and US standards, a comprehensive selection of airport and industrial vehicles, the latest extinguishing systems and special fire service equipment. In 2011, the Group, which is represented in over 100 countries, generated revenues of 542 m€.
Disclaimer
Some of the statements made in this Press Release are ones which refer to possible future developments. These statements are based upon the convictions and judgements of Rosenbauer Management, and are thus subject to risks and uncertainties which may significantly impair the results actually achieved. Except as may be required by law, Rosenbauer is under no obligation to update such forward-looking statements.
Rosenbauer International AG is an Austria-based company engaged in the fire fighting sector. The Company specializes in manufacture, sale and distribution of fire fighting vehicles, installations and systems, and safety equipment. It is active in six business units: Vehicles, producing a range of fire fighting vehicles, such as municipal, aircraft rescue and industrial; Aerials, which provides turntable ladders and aerial rescue platforms; Fire fighting components, including portable fire pumps and electronic control systems; Fire and safety equipment, offering technical emergency and personal protective equipment (PPE); Business development, which provides fire fighting solutions mainly to telematics and industrial sector; and Consumer services, which offers maintenance, repairs, fleet management, and spare parts, among others. The Company operates worldwide through numerous subsidiaries, such as Rosenbauer Espanola SA, Metz Aerials GmbH & Co KG, Mi Star doo and Rosenbauer doo.
Rosenbauer International AG : Order to supply airport rescue fire fighting vehicles to Brazil cancelled Outlook announced for 2012 (revenues >600 m€, EBIT margin >6 %) still valid