DGAP-News: RATIONAL AG: Good performance in the first quarter of 2013
(firmenpresse) - DGAP-News: RATIONAL AG / Key word(s): Quarter Results
RATIONAL AG: Good performance in the first quarter of 2013
08.05.2013 / 10:30
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Press Release
RATIONAL AG: Good performance in the first quarter of 2013
- 7 percent sales growth
- 24 percent EBIT margin
Landsberg, May 8, 2013 RATIONAL continued to grow in the first quarter of
2013. Sales rose 7 percent compared to the previous year, from 96.9 million
euros to 104.0 million euros. Adjusted for the currency effect, sales
growth stands at 8 percent. The performance of the business varied
considerably, with sales at the previous year's level in Europe (including
Germany) and growth rates of 6 percent in the Americas and 21 percent in
Asia.
The restrained start in Europe can be traced back to two essential factors.
'Firstly, due to macroeconomic uncertainties we have been very cautious
about expanding our sales capacities here since 2010, and our growth has
predominantly stemmed from efficiency increases. In addition, the market
situation in the crisis-ridden countries of southern Europe remains tense',
explains Dr. Günter Blaschke, CEO of RATIONAL AG.
24 percent EBIT margin
EBIT stood at 24.7 million euros (2012: 22.9 million euros), giving an EBIT
margin in the first quarter of 24 percent (2012: 24 percent) and EBIT
growth of 8 percent compared to the previous year. Currency-adjusted EBIT
rose by 10 percent. Earnings after tax improved by 9 percent from 17.2
million euros to 18.7 million euros compared to the previous year. This
equates to earnings per share of 1.64 euros (2012: 1.51 euros).
Targeted expansion of sales capacities
In the first quarter of 2013, RATIONAL created 39 new jobs across the
Group. The emphasis was on strengthening sales capacities, with the aim of
selectively exploiting the untapped market potential.
Growth expected to continue
In recent years the Landsberg-based company has focused its investment
activities on setting up and expanding the sales organisations in major
emerging countries such as China, India and Latin America.
'Because current forecasts assume that Europe as a whole will emerge from
recession this year, we have increasingly started to expand our capacities
here, too. Against the backdrop of current business trends and the economic
environment we are assuming a high single-digit growth rate for fiscal year
2013, regarding both sales and earnings', explains 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 around 1,300 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.
Q1 2013 Q1 2012 Change in percentEnd of Corporate News
Sales (in m EUR) 104.0 96.9 +7
EBIT (in m EUR) 24.7 22.9 +8
EBT (in m EUR) 24.6 22.9 +7
EPS (in EUR) 1.64 1.51 +9
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08.05.2013 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,
Financial/Corporate News and Press Releases.
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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209801 08.05.2013
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Datum: 08.05.2013 - 10:30 Uhr
Sprache: Deutsch
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