Rosenbauer International (ROS) Q2 2026 earnings summary

Executive summary

• Revenues increased by 3.5% year-over-year to €625.9 million in H1 2026, driven by higher vehicle deliveries and growth in Preventive Fire Protection, with three out of five business areas exceeding prior-year revenue.

• EBIT nearly tripled to €20.4 million (EBIT margin 3.3%), and net profit turned positive at €3.3 million, a significant improvement from H1 2025.

• Order intake remained strong at €717.8 million, with order backlog reaching €2,434.4 million, providing a solid foundation for future growth.

• Gross profit margin improved to 20.6% from 16.7% year-over-year.

• Operational challenges included delivery delays due to geopolitical tensions and the SAP S/4HANA rollout.

Financial highlights

• EBITDA increased 37.6% year-over-year to €38.8 million.

• Net profit for the period was €3.3 million, a turnaround from a €-18.7 million loss in H1 2025.

• Equity ratio strengthened to 26.3%, while net debt rose to €328.5 million.

• Free cash flow declined further to -€80.3 million due to higher working capital and investments.

• Investments increased to €25.4 million, supporting ongoing projects and IT modernization.

Outlook and guidance

• 2026 guidance targets up to €1.6 billion in revenue and EBIT margin above 6.0%.

• Management expects further increases in sales and earnings for 2026, with positive cash flow from operating activities anticipated for the full year.

• Macroeconomic uncertainty (budgets, tariffs, geopolitics) limits forecast visibility, but focus remains on efficient execution and backlog delivery.

• Order intake and backlog remain strong, supporting future growth.