Rosenbauer International: Kicking off FY26 with double-digit growth - NuWays AG Research
Rosenbauer published its Q1 figures, marked by double-digit improvements in top-line and bottom-line slightly ahead our estimates.
ANNONS
FY26 guidance guidance confirmed and well achievable, in our view. Management expects to reach sales of € 1.6bn (eNuW: € 1.61bn) with an EBIT margin of >6% (eNuW: 6.7%). Mind you, Q1 is usually the weakest quarter of the year.
We confirm our BUY recommendation with a new € 68 PT (old: € 61) as we move from a blended FCFY FY26/27e to FCFY FY27e (supported by order book depth).
