Investor Relations
Performance of shares
Rosenbauer’s share is listed in the Prime Market of the Vienna Stock Exchange and opened the 2024 trading year at a price of €28.9. After a subdued start and a low point in April, the share price peaked at €43.8 at the end of August. Overall, European stock markets saw moderate gains in 2024, supported by interest rate cuts by central banks. Despite economic stagnation in Europe and growing geopolitical tension, the Rosenbauer share performed very positively.
The share price increased by 18.7% and closed at a price of €34.3. This corresponds to a market capitalization of €233.2 million as of December 31, 2024.
Performance of Rosenbauer shares in 2024 (in €)
Stock market trend
In Europe, 2024 was characterized by the Ukraine conflict, high energy prices, and weak export demand. In particular, industry in Austria and Germany was hit by a drop in orders. However, Austria’s benchmark index reached a new historic high in the reporting year.
The ATX index ended 2024 at 3,663 points (+7.4%). The ATX Prime recorded an increase of 6.5% to 1,826 points over the course of the year. Following a weak previous year, share turnover on the Vienna Stock Exchange jumped noticeably yet again in 2024 to €64 billion, up more than 17% from 2023.
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.
Dividend
In March 2025, Rosenbauer concluded a new refinancing agreement (Syndicated Loan II( with its major lenders and banks.
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 2024. The dividend was not paid in 2023 either.
Analyst ratings of Rosenbauer shares
| Add | 0 |
| Buy | 4 |
| Hold | 1 |
| Sell | 0 |
| Average price target | € 44.00 |
As of February 17, 2025
Financial communication
Transparent and open communication with the capital market is an essential part of IR work. In the 2024 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.
Following the resolution of the 32nd Annual General Meeting on May 14, 2024, to strengthen the equity of Rosenbauer International AG by way of authorized capital, the Executive Board, supported by M&A advice, conducted intensive discussions with potential investors. The procedure ended in June with an agreement between the majority shareholders BVG and Rosenbauer Beteiligungsverwaltung GmbH (Robau) to fully subscribe to the capital increase.
The capital market calendar and contact details of the Investor Relations team are available on the website www.rosenbauer.com/group and are published in this report.
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 investment decisions, but also provide confirmation of the Group’s sustainability performance.
In the 2023 reporting year, Rosenbauer had a science-based near-term emissions reduction target approved by the Science Based Targets initiative (SBTi). In order to contribute to limiting 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.
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 2024/25.