RATIONAL AG / Quarter Results
12.05.2010 07:46
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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RATIONAL AG: Business development stabilised, growth expectations confirmed
Landsberg, May 12, 2010. In the first quarter RATIONAL posted sales of
72.6 million euros, and thus reached the previous year's level (73.3
million euros). This development reflects a further stabilisation in our
customers' investment activities. A seasonally unusual concentration of
large orders in the first quarter of 2009 must be taken into account in
comparison with the previous year. If the effect of this is eliminated,
RATIONAL would already have grown significantly in the first quarter.
Europe and the Americas are on course for success
One welcome sign is the improving trend in Europe and the Americas. In
Europe, excluding Germany, sales revenues were up by 4 percent. In the
Americas, sales grew by no less than 12 percent. In Germany, the biggest
individual market, business has stabilised at the previous year's level,
while in Asia, as a result of the special seasonal factor in the first
quarter of 2009, RATIONAL was faced with a 23 percent fall.
Earnings up by 12 percent
In the first quarter of 2010, the gross profit was 42.8 million euros and
reached a margin of 59 percent, comparable to the previous year's figure
(43.2 million euros). Thanks to the cost reductions in 2009 and further
increases in efficiency, EBIT rose by 1.6 million euros or 11 percent to
16.8 million euros compared to last year's figure of 15.2 million euros.
The EBIT margin of 23.2 percent is well above the previous year's figure of
20.7 percent. Earnings after taxes quoted at 12.4 million euros, likewise
12 percent up on the previous year (11.1 million euros).
Growth expectations confirmed for 2010
RATIONAL has put everything in place for success in 2010. The Company has
superior products, very good customer loyalty, a sound business model, and
an excellent underlying financial position. Nevertheless, risks remain in
regards to the further development of the global financial sector in
particular.
Against this backdrop and the business development up to now, the
management expects a modest growth in sales for the whole year 2010.
Contact:
RATIONAL Aktiengesellschaft
Dr. Günter Blaschke
Tel. +49 (0)8191 327-364
Fax +49 (0)8191 327-272
e-Mail: g.blaschke@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 1,000 people, of which more than 600 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 and
social responsibility. Numerous international awards bear witness year on
year to the high level of RATIONAL's work.
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Q1/2010 Q1/2009 Change in %
Sales (in m EUR) 72.6 73.3 -1
EBIT (in m EUR) 16.8 15.2 +11
EBT (in m EUR) 16.6 15.2 +9
EPS (in EUR) 1.09 0.98 +12
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12.05.2010 07:46 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: RATIONAL AG
Iglinger StraÃe 62
86899 Landsberg a. Lech
Deutschland
Phone: 0049 8191 327 364
Fax: 0049 8191 327 272
E-mail: i.klinckmann@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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DGAP-Adhoc: RATIONAL AG: Business development stabilised, growth expectations confirmed
| Source: EQS Group AG