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RATIONAL AG — Earnings Release 2006
Aug 8, 2006
345_rns_2006-08-08_74c0ddda-c887-4a9c-80d4-55bdf6839947.html
Earnings Release
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News Details
Ad-hoc | 8 August 2006 08:01
Rational AG: Disproportional growth in the first half of 2006
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— +17% in sales +28% in EBIT Landsberg, August 08, 2006. RATIONAL AG, world market leader in cooking technology for professional kitchens, has continued its international growth and once again posted record sales in the first half year of 2006. At 130.2 million euros compared to last year’s figure of 111.7 million euros, they were up by 18.5 million euros or 17 percent. Particularly gratifying in this respect is the situation in the foreign subsidiaries, whose sales rose by 20 percent. Group sales in the second quarter of 2006 stand at 67.4 million euros, compared to 58.3 million euros in the same period last year. This represents an increase of 9.1 million euros or 16 percent. Earnings rise disproportionately Earnings before interest and taxes (EBIT) rose at a disproportionate rate in the first half of 2006, by 7.4 million euros or 28 percent to 33.6 million euros. Despite higher raw material prices, cost of sales exhibited a structural improvement, increase rate in sales and marketing costs was lower than increase rate in sales revenues, expenses on research and development and on administration were kept at the previous year’s levels. Thanks to the further improvement in the cost structure, EBIT stands at 18.9 million euros in the second quarter of 2006, what is 33 percent or 4.7 million euros up on last year’s figure of 14.2 million euros. This underlines the sustainable high earning power of Rational AG. Business development in line with expectations Based on the success in the first half of 2006, the management of RATIONAL AG is confident to achieve a sales growth for the whole year of 15 percent to 283 million euros alongside with a simultaneous above-average rise in earnings (EBIT) of 17 percent to 78 million euros. Q2 2006 Q2 2005 HJ 2006 HJ 2005 Sales (million of euros) 67.4 58.3 130.2 111.7 EBIT (million of euros) 18.9 14.2 33.6 26.2 EBT (million of euros) 19.1 14.4 33.8 26.5 EPS (euros) 1.08 0.77 1.91 1.42 Contact: RATIONAL Aktiengesellschaft Dr. Günter Blaschke Tel. +49(0) 8191 327-364 Fax +49(0)8191 327-272 e-Mail: [email protected] www.rational-ag.com ————————————————————————— Information and Explaination of the Issuer to this News: 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 more than 800 people, 500 of whom are in Germany. Since the IPO in 2000 RATIONAL was floated in the Prime Standard on the German stock market and is currently represented in the SDAX. The Price of RATIONAL shares has duplicated several times since the IPO. The company’s principal objective is to offer customers maximum benefit at all times. 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. (c)DGAP 08.08.2006 ————————————————————————— Language: English Issuer: Rational AG Iglinger Straße 62 86899 Landsberg a. Lech Deutschland Phone: +49 (0)8191 327-283 Fax: +49 (0)8191 327-533 E-mail: [email protected] WWW: www.rational-online.de ISIN: DE0007010803 WKN: 701080 Indices: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, München, Stuttgart End of News DGAP News-Service —————————————————————————