Original-Research: Rosenbauer International AG (von NuWays AG): BUY
Source: EQSClassification of
Company
Reason for the research: Update
Recommendation: BUY
from:
Target price: 54.00
Target price on sight of: 12 Monaten
Last rating change:
Analyst:
Shaping the future of firefighting
Topic: Rosenbauer offers a broad range of groundbreaking products and is actively shaping the firefighting market of tomorrow to make the future world of firefighting safer, climate-friendly and more efficient. These technologies range from electric vehicles to drones and satellite images.
Digital solutions make daily tasks easier. With the RDS Connected Command software, firefighters can access operationally relevant information such as maps, alarm data and potential hazardous chemicals on their mobile phone or tablet computers. Further, Rosenbauer has been cooperating with the German aerotech start-up OroraTech since the start of 2022 to detect wildfires early using satellite systems. The aim of the strategic partnership is to provide current and historical satellite data to emergency services on the ground via the RDS Connected Command software. Digital Solutions are part of Rosenbauer’s Customer Service segment, which has been in FY23e responsible for c. 10% of total revenue (eNuW). Going forward, we expect this business unit to grow by 7.0% in FY24e (eNuW).
The future is electric. Rosenbauer is clearly a pioneer in the
electrification of firefighting with its electric models RT (Revolutionary
Technology) and the PANTHER electric. As more cities start to forbid
vehicles with combustion engines, the demand for electric alternatives will
rise in the firefighting market. In
While those trends should have a positive impact on the P&L during the
mid-term, further, the € 1.79bn preliminary FY23 order backlog (FY22: €
1.47bn) should fuel revenue growth in FY24e as the supply chain situation
keeps improving (eNuW: + 8.6% yoy in sales). Chassis lead times for MAN,
You can download the research here:
http://www.more-ir.de/d/29085.pdf
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www.nuways-ag.com/research.
Contact for questions
Die Analyse oder weiterführende Informationen zu dieser können Sie hier downloaden
www.nuways-ag.com/research.
Kontakt für Rückfragen
Web: www.nuways-ag.com
Email: research@nuways-ag.com
LinkedIn: https://www.linkedin.com/company/nuwaysag
Adresse: Mittelweg 16-17, 20148
-------------------transmitted by EQS Group AG.-------------------
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.