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EQS-News: RATIONAL AG
/ Key word(s): Quarterly / Interim Statement/9 Month figures
RATIONAL AG: Sales revenues up 14 percent after 9 months of 2023
Landsberg am Lech, 7 November 2023 “Rational is all about customer benefit. Therefore, I am particularly pleased to present three recent innovations during our 50th anniversary year. Our continuous strive for development is an important reason for our economic strength. This is because, when the customer is satisfied, our success as a company is ensured,” reports Rational CEO Dr Peter Stadelmann with reference to the figures for the first 9 months of 2023, which have been published today. Sales revenues up 14 percent after 9 months of 2023 In the first nine months of this year, the company’s sales revenues rose by 14 percent to 833.1 million euros (2022: 731.9 million euros). “Thanks to special factors from the reduction in orders on hand and price increases, year-on-year growth rates were particularly high, especially in the first six months of 2023. As expected, these effects diminished in the course of the year,” says CFO Jörg Walter. Adjusted for exchange rate movements, growth amounted to 16 percent compared with the previous year. From a regional perspective, the sales revenues generated in overseas markets were particularly impressive. Driven by good business with small and medium-sized customers in the United States, sales revenues in North America went up by 30 percent in the first nine months of 2023. In the same period, the Latin America and Asia regions recorded growth of 24 and 22 percent respectively. While sales revenues in Germany were at the high level of the previous year, they rose by 7 percent in Europe (excluding Germany). In the iCombi product group, sales revenues were up significantly, by 18 percent year-on-year, in the first nine months of 2023, at 745.8 million euros (2022: 634.0 million euros). The iVario product group generated sales revenues of 87.3 million euros (2022: 97.9 million euros). According to Rational, this decline was mainly due to the previous year’s high growth rates: in the first nine months of 2022, the company’s iVario sales revenues had climbed by 63 percent compared with the previous year. 56.5 percent gross margin after three quarters of 2023 Due to the slower increase in both material usage costs and operating expenses in comparison to sales revenues during the first nine months of 2023, the company ended this period with an EBIT margin of 24.2 percent (2022: 22.3 percent). As at September 2023, EBIT (earnings before financial result and taxes) therefore amounted to 201.9 million euros, around 24 percent higher than the previous year (2022: 163.4 million euros). Adjusted for exchange rate effects, the EBIT margin for the first 9 months of 2023 exceeded 25 percent. Number of employees worldwide tops 2,500 for the first time. New products and services confirm power to innovate Forecast confirmed “On the costs side, we are still planning to raise certain operating expenses specifically, especially in sales. In addition, there will be investments in our international locations. Due to delays, however, the costs are currently below our original expectations. Furthermore, movements in the relevant foreign currencies – particularly the US dollar – were less impactful than expected at the half-year mark,” says the CFO with reference to the current situation. Overall, Rational expects the EBIT margin to be similar to that of the previous year. “If the effects referred to above resulting from project delays and favourable exchange rates continue, the EBIT margin could even be slightly higher than that of the previous year,” adds Walter. Contact: E-Mail: Editorial note: 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.
07.11.2023 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: | |
| Internet: | -online.com |
| ISIN: | DE0007010803 |
| WKN: | 701080 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1766265 |
| End of News | EQS News Service |
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1766265 07.11.2023 CET/CEST
