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RATIONAL AG — Earnings Release 2012
Aug 7, 2012
345_rns_2012-08-07_95268041-1067-47a8-a130-7456d0615b9d.html
Earnings Release
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News Details
Corporate | 7 August 2012 07:00
RATIONAL AG: Success story continues
RATIONAL AG / Key word(s): Half Year Results
07.08.2012 / 07:00
Press Release
RATIONAL AG: Success story continues
– Sales up 13 percent after six months
– EBIT 18 percent up
– Numerous international awards
Landsberg, August 7, 2012. In spite of the international debt crisis RATIONAL managed to continue dynamic growth in the first half of 2012. "A big advantage, especially in economically challenging times, is the savings effect of our products at our customer from the first day on. In addition, due to the broad regional diversification of our sales, we are less dependent on developments in individual regions", explains Dr. Günter Blaschke, CEO of RATIONAL AG.
Sales up 13 percent after six months
Sales rose by 13 percent compared to the previous year, from 180.2 million euros to 204.4 million euros. After exchange rate adjustments, the increase is 11 percent. The growth rates of about 30 percent in the Americas and Asia are overproportionally high. "Our subsidiary FRIMA, too, which has invented and now markets the VarioCookingCenter MULTIFICIENCY(R) under its own brand, is making a significant contribution to group growth thanks to an above-average rise in sales of 30 percent in the first six months", Dr. Blaschke sets out.
EBIT 18 percent up
The operating costs for research and development, sales and service, as well as for general administration rose by 10 percent in the first six months compared to the previous year to 69.0 million euros (2011: 63.0 million euros). Because of the underproportional cost increase, earnings before interest and taxes (EBIT) stand at 53.7 million euros after six months, 18 percent above the previous year (2011: 45.6 million euros). The EBIT margin improved to 26 percent (2011: 25 percent).
Numerous international awards
In May 2012, RATIONAL received the Kitchen Innovations Award 2012 and the Corporate Excellence Award 2012 for the high quality of its products, services and of the company as a whole. In addition, at the 'Industriepreis 2012' the Landsberg-based company was awarded the prestigious title 'Best of 2012' in the 'Production Engineering & Mechanical Engineering' category.
For artistic creativity, technical quality, trustworthiness and, above all, the way that target groups are addressed the SelfCookingCenter (R) whitefficiency (R) product film was presented with the intermedia-globe SILVER award at the WorldMediaFestival in Hamburg and the 'Grand Prix Victoria' in silver in the 'Marketing, Product and Process Information' category at the 25th International Business Film Festival in Vienna.
Outlook for 2012 confirmed
"Given the stable growth forecasts for 2012 and the good business development in the first six months, but also with an eye to the existing uncertainties regarding future trends in the global economy, we are confirming our forecast for 2012 as a whole of around 10 percent growth in sales and earnings", Dr. Blaschke says.
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 over 1,200 people, of which more than 700 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, occupational safety and social responsibility. Numerous international awards bear witness year on year to the high quality of RATIONAL's work.
| Q2 2012 | Q2 2011 | Change in % | |
| Sales (in m EUR) | 107.5 | 92.2 | +17 |
| EBIT (in m EUR) | 30.8 | 25.3 | +22 |
| EBT (in m EUR) | 30.7 | 25.4 | +21 |
| EPS (in EUR) | 2.08 | 1.69 | +23 |
| HY 2012 | HY 2011 | Change in % | |
| Sales (in m EUR) | 204.4 | 180.2 | +13 |
| EBIT (in m EUR) | 53.7 | 45.6 | +18 |
| EBT (in m EUR) | 53.7 | 45.8 | +17 |
| EPS (in EUR) | 3.60 | 3.03 | +19 |
End of Corporate News
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| Language: | English |
| Company: | RATIONAL AG |
| Iglinger Straße 62 | |
| 86899 Landsberg a. Lech | |
| Germany | |
| Phone: | 0049 8191 327 2209 |
| Fax: | 0049 8191 327 722209 |
| 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 News | DGAP News-Service |
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