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Austrian Rosenbauer reports increase in net profit, decline in op profit in Q1 2011.

(ADPnews) - May 24, 2011 - Austrian fire fighting vehicle maker Rosenbauer (WBAG:ROS) said today its net profit advanced by 15% on the year to EUR 5.3 million (USD 7.5m) in the first quarter of 2011.

Earnings before interest and tax (EBIT), on the other hand, fell by 15% in annual terms to EUR 6.9 million.

EBIT-margin decreased to 6.5% from 7.1% a year earlier.

With a delay, the global economic and financial crisis has affected also the fire services industry, Rosenbauer said.

The company's first-quarter revenue went down to EUR 107.3 million from EUR 114.2 million booked in the first three months of 2010.

Following the company's strong performance in the previous year, in 2011 Rosenbauer expects a consolidation of revenue and earnings over the average level recorded in the last two years.

(EUR 1.0 = USD 1.407)
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Publication:ADP News Austria
Article Type:Financial report
Date:May 24, 2011
Words:146
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