EQS-News: RATIONAL AG
/ Key word(s): Annual Report/Annual Results
Rational AG increases its sales revenues by 10 percent to 1.126 billion euros – the outlook is optimistic
Landsberg am Lech, 27 March 2024 “2023 was a very significant year for us. We celebrated the 50th anniversary of our great company, repeatedly achieved record financial results, and presented innovations that will once again revolutionise the catering sector,” reports the clearly proud Rational CEO Dr Peter Stadelmann. The company with its headquarters in Landsberg am Lech presented its annual report for 2023 on the morning on 27 March 2024. Sales revenues grow by more than 100 million euros to 1.126 billion euros From a regional perspective, North America confirmed its position as the biggest growth market. Business performance built on the successes of the previous years, and sales revenues increased by a further 18 percent. Growth in Asia was even higher at 24 percent. The positive development was mainly attributable to strong demand from China and Japan. Latin America grew by 18 percent thanks to good sales revenues in Brazil. Demand in the company’s home market, Germany, stabilised after the outstanding growth of the previous years and continued to be at a high level at minus 3 percent. Despite economic uncertainty, Europe (excluding Germany) exceeded the sales revenues of the previous year by 5 percent. With an increase of 13 percent, sales revenues in the iCombi product group exceeded the billion mark for the first time. At 8 percent, the iVario was down compared to the previous year, which was driven by exceptional growth in the previous year (+57 percent). Further improvement in the cost situation due to easing in the commodities market and international logistics In fiscal year 2023, the Rational Group generated an EBIT (earnings before financial result and taxes) of 277.0 million euros (2022: 237.5 million euros), which corresponds to an EBIT margin of 24.6 percent (2022: 23.2 percent). EBIT benefited from the positive development of gross profit in combination with operating costs that also rose slightly more slowly than sales revenues. Operating costs in 2023 stood at 358.9 million euros (2022: 328,3 million euros). “We have thus come close to our medium and long-term EBIT target of around 25 percent sooner than expected after the corona shock,” says Dr Peter Stadelmann. Dividend of 13.50 euros per share proposed Rational introduces new product category – presentation of the iHexagon Number of employees worldwide tops 2,500 for the first time MDAX membership Forecast 2024 “The fact that commodity and logistics costs returned to normal works very much in our favour. It means that we can continue to invest in strategic projects, drive forward the expansion of our sales structure, and do so with an EBIT margin close to that of the previous year,” promises CEO Stadelmann. Contact: Rational Aktiengesellschaft Stefan Arnold / Head of Investor Relations E-mail: ir@rational-online.com Editorial note: The Rational Group is the global market and technology leader for thermal preparation of food in professional kitchens. The company, founded in 1973, employs more than 2,500 people, around 1,450 of whom are in Germany. Rational was floated in the Prime Standard of the German stock market in 2000. The company’s principal objective is to offer maximum customer benefit at all times. Rational is committed to the principle of sustainability, which is expressed in its corporate policies on environmental protection, leadership, job security and social responsibility. Numerous international awards bear witness to the high quality of the work done by Rational’s employees year for year.
27.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | RATIONAL AG |
Siegfried-Meister-Straße 1 | |
86899 Landsberg am Lech | |
Germany | |
Phone: | 0049 8191 327 2209 |
Fax: | 0049 8191 327 722209 |
E-mail: | ir@rational-online.com |
Internet: | www.rational-online.com |
ISIN: | DE0007010803 |
WKN: | 701080 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1867697 |
End of News | EQS News Service |
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1867697 27.03.2024 CET/CEST
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