RATIONAL AG / Half Year Results
10.08.2010 07:48
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 back on track for success
- Sales growth of 7 percent
- EBIT up by 23 percent
- 44 new jobs created
Landsberg, August 10, 2010. In the first six months sales of RATIONAL
stood at 157.5 million euros (previous year 147.7 million euros). This is
9.8 million euros or 7 percent up on the first half of the last year.
Virtually all markets have contributed to the growth. Even areas, such as
Russia, Spain and the Americas, which were especially hit by the last
financial crisis, are back on track again. In the second quarter the
company increased sales compared to the same quarter of the previous year
by 14 percent to 84.9 million euros (previous year 74.4 million euros).
EBIT up by 23 percent
Thanks to the good sales performance, coupled with professional cost
management, earnings are up considerably on a year-on-year basis. In the
first six months earnings before interest and taxes (EBIT) improved by 8.0
million euros or 23 percent to 43.3 million euros (previous year 35.3
million euros). The EBIT margin of 27 percent is beyond the previous year's
figure of 24 percent. Earnings after taxes stand at 32.1 million euros
(previous year 25.8 million euros), a rise of 24 percent compared to last
year.
In the second quarter an EBIT of 26.5 million euros (previous year 20.1
million euros) was posted. This equates to a 32 percent rise compared to
the previous year and an EBIT margin of 31 percent.
44 new jobs created
Encouraged by the sustained, positive business trends, RATIONAL started to
make selective investments to increase sales capacities in markets with
particularly high potential for growth. In addition to the focal points of
China, India and South America, sales capacities for the VarioCooking
Center will also be further expanded. On June 30, 2010 the company
employed 1,037 people, which are 44 more employees than at the start of the
year.
Outlook for 2010 confirmed
RATIONAL has everything in place for success. A superior product portfolio,
large untapped market potential, very good customer loyalty and customer
satisfaction, a global sales and marketing network and a proven business
model based on excellent financials are a solid foundation for sustainable
positive business development.
Against the backdrop of the trends in the first six months the company's
management confirms the expectations for 2010 as a whole to the effect that
RATIONAL will be back on a stable growth path.
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.
|[![CDATA[|[pre|]]]|]
Q2 2010 Q2 2009 Change in %
Sales (in m EUR) 84.9 74.4 +14
EBIT (in m EUR) 26.5 20.1 +32
EBT (in m EUR) 26.4 20.0 +32
EPS (in EUR) 1.73 1.30 +34
|[![CDATA[|[/pre|]]]|]
|[![CDATA[|[pre|]]]|]
HY 2010 HY 2009 Change in %
Sales (in m EUR) 157.5 147.7 +7
EBIT (in m EUR) 43.3 35.3 +23
EBT (in m EUR) 43.1 35.2 +22
EPS (in EUR) 2.83 2.27 +24
|[![CDATA[|[/pre|]]]|]
10.08.2010 07:48 Ad hoc announcement, Financial News and Press 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 München, Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: RATIONAL AG: RATIONAL back on track for success
| Source: EQS Group AG