Investor Relations
PERFORMANCE OF SHARES
Rosenbauer’s share is listed in the Prime Market of the Vienna Stock Exchange and started 2021 at a price of € 36.3. Despite volatile capital markets, repeated lockdowns and an uncertain overall economic situation, the share price rose steadily, peaking at € 58.8 in April 2021. The following months were characterized by moderate price movements in both directions.
At the end of the reporting year, the share price rose by a pleasing 27.8% to close at € 46.4 on December 31, 2021. This corresponds to a market capitalization of € 315.5 million as of December 31, 2021.
Performance of Rosenbauer shares in 2021 (in €)
STOCK MARKET TREND
The Vienna Stock Exchange ended its 250th anniversary year with a significant gain, making it one of the top international trading venues. In 2021, the leading ATX index closed at 3,861 points (+ 39%), while the DAX, in comparison, achieved only a plus of 15.8%. The ATX Prime increased by 37.5% in the course of the year.
The Vienna Stock Exchange also benefited from the booming stock markets worldwide. This was reflected in particular in the continued high level of interest in Austrian shares among institutional investors, mainly from Europe and the USA. Austria is home to many hidden champions that rise to become market leaders – often even world market leaders – without any media coverage. If these arouse the interest of investors, then such effects occur.
The total trading volume on the Vienna Stock Exchange in 2021 was around € 73.4 billion, representing an increase of 6.5% compared with the previous year.
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 7% 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.
Shareholder structure 2021
1 Holding company of the Rosenbauer family shareholders
2 The non-voting registered shares are attributed to the free float
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.
In view of the decline in earnings, the Executive Board and Supervisory Board are proposing a dividend of € 0.90 (2020: € 1.50) per share for 2021 at the Annual General Meeting. Accordingly, the distribution volume for 6.8 million no-par-value shares will be € 6.1 million (2020: € 10.2 million). Based on the closing price of € 46.4, this corresponds to a dividend yield of 1.9% (2020: 4.1%).
Dividend per share
Analyst ratings of Rosenbauer shares
| Add | 1 |
| Buy | 1 |
| Hold | 2 |
| Sell | 0 |
| Average price target | € 54,3 |
FINANCIAL COMMUNICATION
The open exchange of information with participants on the capital market is an essential part of IR work. Rosenbauer has taken this as an opportunity to conduct an investor survey with an external consultant in June 2021. Rosenbauer has derived specific measures from the results of the extensive survey, which will be implemented in 2022 as part of its IR work. Above all, communication on ESG topics is to be expanded. Depending on the further development of the COVID-19 pandemic, the company also aims to intensify personal contact with capital market participants again.
In the reporting year, Rosenbauer took part in numerous virtual international roadshows and capital market conferences and exchanged views with analysts and investors on the Group’s strategy and development in regular conference calls.
INVESTOR RELATIONS
Phone: +43 732 6794-568
E-Mail: ir@rosenbauer.com
www.rosenbauer.com/group