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.