For Rosenbauer, the 2025 financial year was a year of change and also a year of regained stability. After years of extensive restructuring, the emphasis in 2025 was on stabilization, focusing on our core business, and preparing for further profitable growth.

In the reporting year, sales increased by around 10% to €1,429 million, EBIT increased to €84.5 million, and the EBIT margin improved by 0.9 percentage points to 5.9%. The order intake was very satisfactory in the 2025 financial year and, together with the high order backlog, it secures capacity utilization beyond the 2026 financial year and provides an important basis for further growth. We have gradually increased our operating performance – visibly in terms of earnings, margins, and in the development of the share price, which is a reflection of the capital market’s trust.

A key milestone was the capital increase in February 2025, which enabled us to strengthen equity in the long term and significantly reduce net debt. Together with the €330 million syndicated refinancing deal concluded in March 2025, we have significantly stabilized our financing structure. Despite this, we have maintained strict financial discipline in order to regain a solid credit rating and be in a position to finance future growth opportunities ourselves. We achieved this goal with a net debt to EBITDA ratio of less than two at yearend.

Rosenbauer’s ownership structure has also changed radically. We are now supported by two new investors with a long-term focus: Robau Beteiligungsverwaltung, the new core shareholder holding approximately 55% of the shares, and Rosenbauer Beteiligungsverwaltung, a company founded by the family shareholders, which holds around 17%. As part of this restructuring, the Supervisory Board was also reorganized to reflect the changed ownership structure.

There were also personnel changes in the Executive Board. Sebastian Wolf and Markus Richter left during the year, while Thomas Biringer and I were appointed to the board. Jörg Schuschnig also joined the Executive Board on April 1, 2026. With Andreas Zeller, the Executive Board team is now set up in such a way that we can push ahead with the further development of the company together with clearly distributed responsibilities.

Strategically, we are focused on continuity. Our growth and innovation strategy is based on three central pillars: innovation and technology leadership, operational excellence, and consistent proximity to customers. We are continuing to develop our core business, organization, and product portfolio in line with these three pillars, thereby laying the foundation for sustainable, profitable growth.

In 2025, we aligned our research and development activities with the further development of our product portfolio and important future- oriented fields. As an innovation leader in the firefighting industry, we set benchmarks with practical and sustainable solutions and incorporate megatrends, market insights, customer requirements, and our employees’ ideas. One of our focal points in 2025 was vehicle technology, where we have further expanded our leadership role in electromobility. The launch of the PANTHER electric and extensive field tests in Europe and North America enabled us to further improve usability, range, and system performance.

We do not see sustainability as a trend but as a corporate responsibility and a long-term obligation. It is an integral part of our corporate strategy and for us it means combining economic success with environmental and social responsibility.

Overall, Rosenbauer is therefore well positioned organizationally,  financially, and technologically to take the next steps. We will continue to strengthen our core business, tap into new growth areas, and expand our position as the world’s leading systems provider for fire and disaster protection. Together with our owners, partners, and employees, we work to provide reliable solutions for emergency service teams.

I would like to take this opportunity to express my sincere thanks to our employees, who contributed to Rosenbauer’s success last year with great dedication and commitment. I would also like to thank you, our shareholders, for your continued support and trust, and I look forward to being able to build on this in the future.

Robert Ottel CEO, Rosenbauer International AG