RATIONAL AG / Quarter Results
10.11.2009
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.
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RATIONAL AG: Sales in third quarter back at previous year's level
- 32 percent EBIT margin in the third quarter
- Stabilisation of business development
Landsberg, November 10, 2009. Following a 12 percent drop in sales in the
first half of 2009, revenues in the third quarter of 78.7 million euros
were only 3 percent below previous year's figure of 81.2 million euros. In
Asia as well as in the regions reported as 'Rest of the world', growth was
well into double digits. Even Germany, the most important individual sales
market, started growing again by 6 percent in the third quarter, and a
recovery was even noticeable in the Americas.
After nine months accumulated sales revenues stand at 226.4 million euros,
which is only 9 percent less than the previous year (249.7 million euros).
32 percent EBIT margin - well above previous year
Thanks to the well-targeted fall in operating costs plus lower raw material
prices it was possible to further improve the company's high earning
capacity. In the third quarter of 2009 an EBIT (earnings before interest
and taxes) of 25.4 million euros was achieved, representing a rise of 28
percent or 5.6 million euros compared to the previous year. This equates to
an EBIT margin of 32.3 percent (previous year 24.5 percent).
After nine months the EBIT margin stands at 26.8 percent and thus is
likewise better than in the previous year (25.0 percent). EBIT achieved
60.7 million euros (previous year 62.5 million euros).
Stabilisation of business development on the current trend
The prognoses for global economic trends have grown increasingly more
optimistic in recent months and give grounds for hope. Nevertheless, these
positive trends still go hand in hand with very many uncertainties and
imponderables.
The performance of the RATIONAL group in the first nine months however
gives confidence that both sales and profit development can be stabilised
for the year as a whole on the current trend.
Contact:
RATIONAL Aktiengesellschaft
Dr. Günter Blaschke
Tel. +49 (0)8191 327-364
Fax +49 (0)8191 327-272
e-Mail: g.blaschke@rational-online.com
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 around 1,000 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 Price of RATIONAL
shares has duplicated several times since the IPO.
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.
|[![CDATA[|[pre|]]]|]
Q3 2009 Q3 2008 Change in %
Sales (millions of euros) 78.7 81.2 -3%
EBIT (millions of euros) 25.4 19.9 +28%
EBT (millions of euros) 25.2 19.8 +28%
EPS (in euros) 1.65 1.29 +28%
|[![CDATA[|[/pre|]]]|]
|[![CDATA[|[pre|]]]|]
9M 2009 9M 2008 Change in %
Sales (millions of euros) 226.4 249.7 -9%
EBIT (millions of euros) 60.7 62.5 -3%
EBT (millions of euros) 60.4 62.9 -4%
EPS (in euros) 3.92 4.07 -4%
|[![CDATA[|[/pre|]]]|]
10.11.2009 Financial News distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: RATIONAL AG
Iglinger StraÃe 62
86899 Landsberg a. Lech
Deutschland
Phone: 0049 8191 327 364
Fax: 0049 8191 327 272
E-mail: i.klinckmann@rational-online.com
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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DGAP-Adhoc: RATIONAL AG: Sales in third quarter back at previous year's level
| Source: EQS Group AG