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RATIONAL AG — Earnings Release 2011
Aug 9, 2011
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Earnings Release
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News Details
Ad-hoc | 9 August 2011 10:00
RATIONAL AG: Continuing on a stable Growth Path – Successful first Half Year 2011
RATIONAL AG / Key word(s): Half Year Results
09.08.2011 10:00
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.
Report pursuant to § 15 WpHG
- Ad-hoc report -
RATIONAL AG
RATIONAL AG: Continuing on a stable Growth Path -
Successful first Half Year 2011
-
Sales up by 14 percent
-
25 percent EBIT-Margin
-
Outlook confirmed
Landsberg, August 09, 2011. RATIONAL was able to increase sales in the
first half year 2011 by 14 percent from 157.5 million euros in the
previous year to 180.2 million euros. Sales in the second quarter grew from
84.9 million euros to 92.2 million euros. This corresponds to a rise of
9 percent, adjusted for negative currency effects growth is 10 percent.
All regions around the world contributed to the growth. In Asia, sales
revenues were up 31 percent in the first six months, and in the Americas
15 percent, while Germany, along with the rest of Europe, posted an
increase of around 10 percent compared to the previous year.
25 percent EBIT-Margin
Earnings before interest and taxes (EBIT) improved in the first six months
by 2.3 million euros, or 5 percent, to 45.6 million euros (previous year
43.3 million euros). If the currency effect is eliminated, EBIT is up
14 percent in the first six months of 2011 in line with sales growth.
The EBIT margin in the first six months is 25 percent, compared to
27 percent in the previous year. In the second quarter, the EBIT margin
reached 27 percent, compared to 31 percent in the same quarter last year.
RATIONAL invests in the future
The planned expansion in sales capacities in order to consistently exploit
the global potential for growth is progressing on schedule. In the second
quarter, 42 additional highly-skilled jobs were created. As of June 30,
2011, the company employs 1,179 people - 87 more than at the start of the
year.
Growth forecast for 2011 confirmed
With product technology superior to that of competitors, the sizable
untapped market potential, maximum customer retention plus a highly
efficient sales and marketing network, supported by the outstanding
financial base, the prospects for RATIONAL to continue to successfully
develop its business are well-founded.
Against this backdrop and thanks to the trading climate in the first six
months, RATIONAL confirms the forecast for 2011 of sales growth of around
10 percent along with a positive development of the operating result.
Contact:
RATIONAL Aktiengesellschaft
Dr. Günter Blaschke
Tel. +49 (0)8191) 327-364
Fax +49 (0)8191) 327-272
E-Mail: [email protected]
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 more 1,100 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.
Q2 2011 Q2 2010 Change in %
Sales (in m EUR) 92.2 84.9 +9
EBIT (in m EUR) 25.3 26.5 -4
EBT (in m EUR) 25.4 26.4 -4
EPS (in EUR) 1.69 1.73 -3
HY 2011 HY 2010 Change in %
Sales (in m EUR) 180.2 157.5 +14
EBIT (in m EUR) 45.6 43.3 +5
EBT (in m EUR) 45.8 43.1 +6
EPS (in EUR) 3.03 2.83 +7
09.08.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: RATIONAL AG
Iglinger Straße 62
86899 Landsberg a. Lech
Germany
Phone: 0049 8191 327 364
Fax: 0049 8191 327 272
E-mail: [email protected]
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 Announcement DGAP News-Service