Rosenbauer International (ROS) Q4 2025 earnings summary

Executive summary

• Achieved record results in all categories for FY 2025, with revenues reaching €1,429.0 million, profit before taxes doubling to €54.7 million, and net debt halved, resulting in a record low ND/EBITDA of below 2.

• Order backlog reached a record high of €2,354.6 million, equivalent to 164-165% of turnover, and vehicle deliveries rose to 2,107 units, with 110 new jobs created in Austria.

• 92-92.6% of turnover was generated outside Austria, with 53-53.5% outside Europe, reflecting strong international presence.

• Fresh equity was raised, new core investors joined, and new management was appointed, strengthening capital structure and governance.

Financial highlights

• Revenues grew 9.4% year-over-year to €1,429.0 million; EBIT improved 30.2% to €84.5 million; EBT doubled to €54.7 million.

• Net profit for the period increased 82.2% to €54.3 million; earnings per share rose to €5.2 despite new share issuance.

• Net debt reduced by 37.7% to €244.5 million; ND/EBITDA improved from 4.04 to below 2; equity ratio strengthened from 16.6% to 27.8%.

• Cash flow from operating activities grew 6.0% to €87.1 million; free cash flow remained stable at about €47 million despite increased capacity investments.

Outlook and guidance

• Targeting an EBIT margin of over 6.0% and revenues up to €1.6 billion for FY 2026, assuming no further one-time effects.

• High order backlog provides a strong foundation for future growth, with focus on innovation, technology leadership, and expanding global service network.

• Budget restraints, tariff uncertainties, and geopolitical conflicts introduce forecast challenges.