DGAP-News: RATIONAL AG: Successful start into 2012
(firmenpresse) - DGAP-News: RATIONAL AG / Key word(s): Quarter Results
RATIONAL AG: Successful start into 2012
10.05.2012 / 07:00
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Press release
RATIONAL AG: Successful start into 2012
- Sales up 10 percent year-on-year
- 13 percent EBIT-increase
Landsberg, May 10, 2012. RATIONAL had a good start into 2012. Due to the
successful global launch of the new generations of products, positive
feedback from dealers, customers and the trade press, as well as, the
overall stable global economy, RATIONAL was able to sustain its
double-digit growth path.
Sales up 10 percent year-on-year
In the first quarter of 2012 sales rose 10 percent to 96.9 million euros
(previous year 88.0 million euros). 'It's especially pleasing, that the
growth takes place in all important markets of the world. This reinforces
the stability of our global growth trend. Our subsidiary FRIMA, too, which
produces and markets the VarioCookingCenter MULTIFICIENCY(R), made a
significant contribution to group growth thanks to an above average
increase in sales of 38 percent in the first quarter', Dr. Günter Blaschke,
CEO of RATIONAL, explains.
13 percent EBIT-increase
Operating costs, consisting of research and development, sales and service
as well as general administration, rose considerably below average in the
first quarter by 6 percent compared to the previous year to 34.5 million
euros (previous year 32.5 million euros). As a consequence, earnings before
interest and taxes (EBIT) after three months stand at 22.9 million euros
and, hence, are 13 percent up on the previous year (20.3 million euros).
The EBIT margin improved to 24 percent (previous year 23 percent).
77 percent equity ratio
As at March 31, 2012, the equity ratio is 77 percent (Previous year 79
percent). Liquid funds amount to 131.9 million euros and, thus, represent
45 percent of the balance sheet total. Even after the distribution of
dividends proposed by the Executive Board and Supervisory Board amounting
to 62.5 million euros (5.50 euros per share) in May this year, both the
equity ratio and cash funds will still be at a high level. Thus, the
company has sufficient liquidity to fund future growth and has reserves
available for unexpected economic developments.
RATIONAL wins the European Business Award 'Ruban D'Honneur'
'At the European Business Awards we have been awarded the prestigious
'Ruban D'Honneur 2011'. We won against stiff competition in the category
'Company of the year with a turnover over 150 million euros' thanks to the
notable innovation strategy, the sound growth and the leading market
position', Dr. Blaschke describes.
Optimistic for 2012
'As a result of our large global market potential, the successful rollout
of our two new, innovative generations of products, the stable economic
forecast for 2012 and not least, the positive business development in the
first quarter, we are expecting 10 percent growth in sales and profits for
fiscal 2012', Dr. Blaschke explains.
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 theIPO 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 quality of RATIONAL's work.
Q1 2012 Q1 2011 Change in %End of Corporate News
Sales (in m EUR) 96.9 88.0 +10
EBIT (in m EUR) 22.9 20.3 +13
EBT (in m EUR) 22.9 20.4 +13
EPS (in EUR) 1.51 1.35 +13
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10.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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168980 10.05.2012
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Datum: 10.05.2012 - 07:00 Uhr
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News-ID 144796
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