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RATIONAL AG — Earnings Release 2011
May 11, 2011
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Earnings Release
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News Details
Ad-hoc | 11 May 2011 10:30
RATIONAL AG: Good start into 2011
RATIONAL AG / Key word(s): Quarter Results
11.05.2011 10:30
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: Good start into 2011
-
Sales up by 21 percent
-
EBIT-growth of 20 percent year-on-year
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Growth forecast for 2011 confirmed
Landsberg, May 11, 2011. In the first quarter 2011 RATIONAL was able to
continue last year's growth course. Sales grew by 21 percent compared to
previous year from 72.6 million euros to 88.0 million euros. One reason for
this, besides the company's good performance, was the base effect of last
year's comparatively weak equivalent quarter. It is especially gratifying
that this growth is taking place in all regions of the world. In Asia,
sales rose by 41 percent in the first quarter of 2011 compared to the
previous year, but other regions also made a major contribution to growth.
Germany is 17 percent up on the previous year, Europe excluding Germany is
up 18 percent and the Americas market grew by 10 percent. In the rest of
the world, sales grew by 47 percent.
EBIT growth of 20 percent
The good performance of the business led to a significant increase in the
operating result year on year. Earnings Before Interest and Taxes (EBIT)
improved by 3.5 million euros or 20 percent to 20.3 million euros. With
23 percent, the EBIT margin in the first quarter of 2011 reached the same
level compared to the last year's equivalent quarter. Earnings after taxes
are up by 2.9 million euros (23 percent) to 15.3 million euros.
RATIONAL hardly affected by the disaster in Japan
Fortunately none of RATIONAL's employees were affected and the company's
performance has also been positive in line with expectations. On the
supplier side RATIONAL does not expect any significant problems as a result
of the disaster as well.
Growth forecast for 2011 confirmed
With superior product technology, the sizable untapped market potential,
maximum customer retention, highly efficient sales and marketing network
plus an outstanding financial base, the prospects look set for RATIONAL to
continue the successful development of its business.
Against this backdrop and due to the business development in the first
quarter, RATIONAL confirms its sales growth forecast for 2011 of around 10
percent combined with continuing good earnings performance.
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 than 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.
Q1 2011 Q1 2010 Change in %
Sales (in m EUR) 88.0 72.6 +21
EBIT (in m EUR) 20.3 16.8 +20
EBT (in m EUR) 20.4 16.6 +22
EPS (in EUR) 1.35 1.09 +23
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Language: English
Company: RATIONAL AG
Iglinger Straße 62
86899 Landsberg a. Lech
Deutschland
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