DGAP-News: RATIONAL AG: Fiscal year 2011 - 12 percent sales growth
(firmenpresse) - DGAP-News: RATIONAL AG / Key word(s): Final Results
RATIONAL AG: Fiscal year 2011 - 12 percent sales growth
27.03.2012 / 09:00
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Press release
RATIONAL AG: Fiscal year 2011 - 12 percent sales growth
- 26 percent EBIT margin
- 132 new jobs created
- Technological leadership further expanded
Landsberg, March 27, 2012. RATIONAL group posted sales of 392 million euros
in fiscal year 2011. This equates to a growth of 12 percent compared to the
previous year (350 million euros). All regions around the world contributed
to this positive development.
Considerable one-off burdens as future investments
In the seasonally-strong months in the fourth quarter, the 100 percent
conversion of the product portfolio to the new model ranges, the
SelfCookingCenter(R) whitefficiency(R) and the VarioCookingCenter
MULTIFICIENCY(R), took place. Due to this and the extensive launch
activities, in particular also in the emerging markets in Asia and Latin
America, considerable one-off burdens of approximately 8 million euros
arose and negatively affected 2011 results.
26 percent EBIT margin
In line with sales trends and taking into account the one-off burdens,
earnings before interest and taxes (EBIT) stand at 102 million euros
(previous year 106 million euros). This equates to an EBIT margin of 26
percent (previous year 30 percent). Adjusted for the one-off effects of the
product launch, amounting to around 8 million euros, the EBIT margin would
be around 28 percent', explains Dr. Blaschke, CEO of RATIONAL AG.
120 million euros liquid funds - 73 percent equity ratio
The company has a very sound financing structure and its liquid funds
amounted to over 120 million euros on Dec. 31, 2011. On the balance sheet
date, the equity ratio stood at 73 percent (previous year 73 percent).
5.50 euros dividend proposed
Supervisory Board and Executive Board have decided, to propose an increased
dividend payout of 5.50 euros per share (previous year 5.00 euros).
For shareholders, this gives a dividend yield of 3.3 percent in relation to
the 2011 year-end price. Despite the planned distribution of about 62
million euros, the company's available liquid funds continue to be at a
very high level and so guarantee flexibility and security, despite the
remaining risks related to the further development of the global economy.
132 new jobs created
In fiscal year 2011, RATIONAL invested future-oriented in the company
development and, on a global basis, created 132 new, highly-qualified jobs,
thereof more than 70 in Germany. Due to the large worldwide potential for
growth in all regions of the world, efforts were made to further expand
sales capacities, in particular. As at December 31, 2011 the company
employed 1,224 people.
More customer benefit due to resource efficiency
'Thanks to our trendsetting innovations, the SelfCookingCenter(R)
whitefficiency(R) und the VarioCookingCenter MULTIFICIENCY(R), we were able
to further extend our technological lead in 2011. Therewith, we set
completely new standards in regards to cooking perfection,
user-friendliness, sustainability and efficiency', says Dr. Blaschke
The reaction from customers is extremely positive. At Milan's HOST catering
trade fair in October 2011, the SelfCookingCenter(R) whitefficiency(R) was
voted the most innovative product (Gold Innovation) and also the product
with the best figures in terms of sustainability and efficiency (Green
Excellence). At the INTERGASTRA trade fair in Stuttgart, in February 2012,
RATIONAL was granted the 'Grünes Band 2011', an award for sustainability in
the out-of-home market, by 'GV-kompakt', a German trade magazine.
RATIONAL is 'Best of Market 2012'
At the international trade fair Internorga in Hamburg, in March 2012, the
trade magazines 'GVmanager', '24 Stunden Gastlichkeit' and 'FIRST CLASS'
awarded the 'BEST of Market 2012' award. This is based on the results of a
representative market research study about the market and buying behavior
in the out-of-home market in 2012. A jury of 2,381 decision makers out of
gastronomy, hotel industry and community catering voted RATIONAL highest in
the category cooking technology, regarding the categories of
price-performance-ratio, quality and service.
Entering 2012 with confidence
RATIONAL is ideally placed to continue on its successful path in 2012. The
company has products, which are superior to those of competitors, a large
untapped market potential, excellent customer loyalty, a sound business
model and an extremely solid financial base.
'The market launch of the new products has also improved our competitive
position. Therefore, we enter the new year with confidence. For 2012 and
2013, we expect, despite all the existing economic risks, moderate growth
regarding sales and operating results', says Dr. Blaschke.
Contact:
RATIONAL Aktiengesellschaft
Dr. Günter Blaschke
Tel. +49 (0)8191) 327-364
Fax +49 (0)8191) 327-272
E-Mail: g.blaschke(at)rational-online.com
www.rational-online.com
Information for editors:
RATIONAL is the world market and technology leader for the thermal
preparation of food in professional kitchens. The company, founded in 1973,
employs over 1,200 people, of which more than 700 are in Germany. Since the
IPO in 2000 RATIONAL was floated in the Prime Standard on the German stock
market and is currently listed on the MDAX.
The company's principal objective is to offer customers maximum benefit.
Internally RATIONAL is committed to the principle of sustainability,
expressed in its policies on environmental protection, leadership,
occupational safety and social responsibility. Numerous international
awards bear witness year on year to the high level of RATIONAL's work.
2011 2010 Change in %End of Corporate News
Sales (in m EUR) 391.7 350.1 +12
EBIT (in m EUR) 102.2 105.8 -3
EBT (in m EUR) 102.5 105.6 -3
EPS (in EUR) 6.93 7.02 -1
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27.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: RATIONAL AG
Iglinger Straße 62
86899 Landsberg a. Lech
Germany
Phone: 0049 8191 327 2209
Fax: 0049 8191 327 722209
E-mail: s.arnold(at)rational-online.com
Internet: www.rational-online.com
ISIN: DE0007010803
WKN: 701080
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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161155 27.03.2012
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Datum: 27.03.2012 - 09:00 Uhr
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