DGAP-News: RATIONAL AG: Growth despite headwinds
(firmenpresse) - DGAP-News: RATIONAL AG / Key word(s): Quarter Results
RATIONAL AG: Growth despite headwinds
08.11.2012 / 07:00
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Press Release
RATIONAL AG: Growth despite headwinds
- 16 percent sales growth after nine months
- 31 percent rise in EBIT
- Brand champion in the professional kitchen
Landsberg, November 8, 2012. Following the favourable business trends in
the first six months, RATIONAL was able to continue on its course for
growth in the third quarter. 'A significant factor contributing to this is
the SelfCookingCenter(R) whitefficiency(R) launched last September, which
in the time of just one year has come to represent the new standard of
performance in professional kitchens worldwide', explains the CEO of
RATIONAL AG, Dr. Günter Blaschke.
16 percent sales growth
Sales rose by 16 percent in the first nine months, from 272.7 million euros
to 317.4 million euros. Even after taking into consideration the exchange
rate adjustments, the increase is 14 percent. All regions managed to
contribute to this growth in sales. The Americas (+32 percent) and Asia
(+30 percent), in particular, exhibited very dynamic rates of growth.
Nonetheless, in Europe (excluding Germany) and the highly-developed German
market, too, RATIONAL posted rises of 13 percent and 6 percent
respectively.
31 percent rise in EBIT
Expenses for research and development and for sales and service, as well as
general administration expenses, rose in the first nine months of 2012 by
just 7 percent, from 95.1 million euros to 101.9 million euros, which is
disproportionately low compared to sales figures.
Earnings before interest and taxes (EBIT) are 89.8 million euros (previous
year 68.8 million euros), which is well above the previous year (+31
percent). The EBIT margin improved to 28 percent (previous year 25
percent). Earnings after taxes, likewise, rose by 31 percent compared to
the previous year, from 52.2 million euros to 68.2 million euros.
Brand champion in the professional kitchen
The RATIONAL brand took first place in a survey conducted in Germany by
management consultants Biesalski&Company of 165 chefs employed in
restaurants and company catering. RATIONAL is regarded as the strongest
brand in the professional kitchen, ahead even of well-known consumer
brands, such as Maggi, Knorr and Langnese.
'We see this as a confirmation that from the customer's perspective as well
we are becoming ever more successful in our aim of achieving our top
corporate goal of offering customers the maximum possible benefit', says
Dr. Blaschke in response to this accolade.
Forecast for 2012 confirmed
'Based on the positive business trends in the first nine months, but also
with an eye to the prevailing economic uncertainties regarding further
developments in the global economy, we confirm our forecast for fiscal
year 2012 of around 10 percent growth in sales and we expect an
overproportional rise in earnings', 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 quality of RATIONAL's work.
Q3 2012 Q3 2011 Change in %
Sales (in m EUR) 113.0 92.4 +22
EBIT (in m EUR) 36.2 23.2 +56
EBT (in m EUR) 36.1 23.3 +55
EPS (in EUR) 2.40 1.56 +54
9M 2012 9M 2011 Change in %End of Corporate News
Sales (in m EUR) 317.4 272.7 +16
EBIT (in m EUR) 89.8 68.8 +31
EBT (in m EUR) 89.7 69.1 +30
EPS (in EUR) 6.00 4.59 +31
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08.11.2012 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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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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191754 08.11.2012
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Datum: 08.11.2012 - 07:00 Uhr
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