Investor Relations
Performance of share
Rosenbauer’s share is listed in the Prime Market of the Vienna Stock Exchange and opened the 2023 trading year at a price of € 30.5. After a good start, the share price peaked in March at € 35.1. Ongoing geopolitical tensions and a slowdown in economic growth repeatedly led to increased volatility on the stock markets. The Rosenbauer share was unable to escape these external conditions and suffered price fluctuations in both directions in 2023.
The share price fell by 8.2% and closed at a price of € 28.80. This corresponds to a market capitalization of € 195.8 million as of December 31, 2023.
Performance of Rosenbauer shares in 2023 (in €)
Stock market trend
The 2023 trading year was characterized by high interest rates, inflation, and geopolitical tensions. Despite these influences, the European stock markets managed to end the year on a positive note. The German benchmark index DAX closed the year up 19.7%. In 2023, the leading ATX index closed at 3,434 points (+9.6%). The ATX Prime recorded an increase of 10.1% over the course of the year.
The total trading volume on the Vienna Stock Exchange declined to around € 54.5 billion in 2023. This represented a breather after years of increased volatility due to the COVID-19 pandemic and the Russia-Ukraine war.
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 6% of the share capital is held by an institutional investor (Lazard Frères Gestion) in France. The remaining shareholdings in the free float are held by investors in Europe (including Belgium, Germany, the UK, Luxembourg, Austria, Switzerland, Spain) and the USA.
Shareholder structure 2023
1 Holding company of Rosenbauer family shareholders
2 The non-voting rights registered shares are attributed to the free float.
Dividend
In March of this year, Rosenbauer concluded a multilateral refinancing agreement with its lenders and promissory note loan creditors. This had become necessary due to non-compliance with the previously existing financial covenants at the end of 2023 and is valid until November 2025.
In accordance with the terms of this agreement, the Executive Board and Supervisory Board will propose at the upcoming Annual General Meeting that no dividend be paid for 2023 and that the funds be retained in the company instead. No dividend was paid in 2022 due to the negative result for the period.
Analyst ratings of Rosenbauer shares
Add | 0 |
Buy | 3 |
Hold | 2 |
Sell | 0 |
Durchschnittliches Kursziel | 40,40 € |
As of January 26, 2024
Financial communication
Transparent and open communication with the capital market is an essential part of IR work. In the 2023 financial year, Rosenbauer stepped up personal contact with capital market players and took part in a number of international face-to-face events. In regular conference calls with analysts and investors, the Executive Board provided an overview of the Group’s current challenges and development. Rosenbauer also conducted an extensive roadshow in September 2023 for the possible issue of a hybrid bond. In the course of this market sounding, around 80 investor contacts were made, some in person and some online.
Sustainability and ESG ratings
Sustainability is a major concern for the Rosenbauer Group, as fire departments are at the forefront of the fight against climate change. As part of its climate strategy, which is part of the long-term “Rosenbauer City 2030” Group strategy, the Group is working to continuously reduce its carbon footprint and improve its position in existing ESG ratings on an ongoing basis.
The assessment of sustainability commitment by external bodies in addition to ratings creates the necessary transparency for the capital market. They not only serve as a basis for investor decisions, but also provide confirmation of the Group’s sustainability performance.
In the reporting year, the Science Based Targets initiative (SBTi) approved Rosenbauer’s science-based near-term targets for reducing emissions. In order to limit the global temperature rise to 1.5 degrees Celsius, the plan is to reduce direct greenhouse gas emissions (Scope 1 and Scope 2) by 46.2% by 2030 compared to 2019. In addition, indirect greenhouse gas emissions (Scope 3) are to be reduced by 27.5% over the same period.
The VÖNIX is the sustainability benchmark of the Austrian stock market and only the best listed companies are included in the index. An assessment of the companies’ sustainability performance is carried out once a year for this purpose. Rosenbauer has been included in the index since 2005 and has received a B rating for the year 2023/2024.
Investor Relations
Phone: +43 732 6794-568
E-mail: ir@rosenbauer.com
www.rosenbauer.com/group