Rosenbauer International (ROS) Q1 2026 earnings summary

Executive summary

• Revenues rose 15.3% year-over-year to €303.8 million in Q1 2026, driven by higher vehicle deliveries and growth in equipment, services, and preventive fire protection.

• EBIT improved to €14.4 million (EBIT margin 4.7%), and net profit reached €9.4 million after break-even in Q1 2025.

• Order intake remained strong at €342.9 million, exceeding quarterly sales and keeping the order backlog stable at €2,348.3 million.

• Equity ratio increased to 27.0%, and gearing ratio reduced to 80%.

Financial highlights

• EBITDA increased 37.7% year-over-year to €23.0 million.

• Gross profit margin improved to 21.6% from 19.0% year-over-year.

• Free cash flow was negative at -€53.9 million, reflecting higher investments and working capital.

• Net debt rose to €301.1 million, mainly due to higher trade working capital.

• Earnings per share improved from -0.1 to 0.9 year-over-year.

Outlook and guidance

• Targeting full-year 2026 revenues up to €1.6 billion and EBIT margin above 6.0%, assuming no further one-time effects.

• Market growth expected, but budget constraints, tariff uncertainties, and geopolitical risks may impact forecasts.

• Focus on efficient processes, delivery of order backlog, and customer-centric growth.

• Sector outlook remains stable with well-filled order books and stabilized supply chains.