▸ Investor Releations

Investor Relations

PERFORMANCE OF SHARES

Rosenbauer’s share price is listed in the Prime Market of the Vienna Stock Exchange and stood at € 34.8 at the beginning of 2019. In the first three quarters, it developed above the level for the overall market and hit its high for the year in March at € 45.6. In the fourth quarter, Rosenbauer’s share price was overtaken by ATX Prime and, from then on, developed sideways.

The share price rose by approximately 16% of its value at the start of the year and closed at € 40.2 on December 30, 2019. Market capitalization was € 273.4 million as at December 31, 2019. ATX Prime moved up by 15% in the course of the year.

Performance of Rosenbauer shares in 2019 (in €)

STOCK MARKET TREND

The Vienna Stock Exchange achieved a significant share price rise in 2019 and the ATX benchmark share index moved up by approximately 16%. The high for the year had already been hit in April, which was followed by several months of price fluctuations that can be explained by the impact of trade conflicts and domestic political turbulence. Only in the fourth quarter was a significant upward trend again identified, which enabled the ATX to climb to 3,200 points by the end of the year.

Stock turnover on the Vienna Stock Exchange fell slightly in 2019. This could be seen as a consequence of the focus of international investors on strongly performing US stock markets.

SHAREHOLDER STRUCTURE

Rosenbauer’s shares are listed in the Prime Market of the Vienna Stock Exchange. Of these shares, 51% are held by Rosenbauer Beteiligungsverwaltung GmbH, a company founded by the family shareholders. Around 5% of the share capital is held by an institutional investor in France. The remaining shareholdings in the free float are held by investors in Europe (including Belgium, Germany, the UK, Italy, Luxembourg, Austria, Switzerland, Spain) and the USA. Despite the difficult market environment, Rosenbauer has been able to further consolidate its shareholder structure. This confirms the wisdom of the decision to maintain ongoing dialog with private and institutional investors.

Shareholder structure 2019

¹ Holdinggesellschaft der Rosenbauer Familiengesellschafter

DIVIDEND

Rosenbauer follows a growth-oriented and sustainable dividend policy that is consistent with the company’s performance. The goal is to distribute a secure dividend based on earnings and free cash flow. We are aiming for a distribution amount of between 30% and 40% of net profit on the stake held by the shareholders in the parent company, provided that there are no good reasons to the contrary. Furthermore, shareholders can participate in the company’s exceptionally positive development.

At the time of preparation of the financial statements the Executive Board had proposed a dividend of EUR 1.0 per share to the Supervisory Board. Against the backdrop of the current economic uncertainties caused by the COVID-19 pandemic, the Executive Board and the Supervisory Board reduced their dividend proposal to the Annual General Meeting to € 0.80 (2018: € 1.25) per share. Accordingly, the distribution volume for 6.8 million no-par-value shares will be € 5.4 million (2018: € 8.5 million). Based on the closing price of € 40.2, this corresponds to a dividend yield of 2.0% (2018: 3.8%).

Dividend per share

Analyst ratings of Rosenbauer shares

FINANCIAL COMMUNICATION

The open exchange of information with participants on the capital market is an essential part of IR work. In 2019, Rosenbauer Management took part in roadshows and capital market conferences at many European financial centers to inform institutional investors of the strategy and development of the Group. Rosenbauer also holds quarterly conference calls with analysts and investors. Half-year and annual results are presented to the public at press conferences.

Rosenbauer held a Shareholders’ Day for private investors at the Group’s head office in Leonding in November 2019.