RATIONAL AG : Q3 2024 results better than expected – FY guidance fine-tuned
>Q3 results better than expected: EBIT at € 77.6m (margin: 26.4%, +110bp) vs € 75.4m est. (25.5%e). - RATIONAL just released its Q3/9M 2024 results, which were slightly higher than expectations (+3% higher than expectations at the EBIT level), marked by: 1/ Q3 revenue of € 294.2m (ODDO BHF: € 295.5m; Css: € 297m), up 8% y-o-y, after an increase of 4% in H1 2024 (o/w +6% in Q2). 9M 2024 consolidated revenue came in at € 875.5m, +5% y-o-y. By country (in 9M), sales...Rational is a producer and supplier of equipment for industrial and commercial kitchens. Co. is engaged in providing units for heating and cooking all types of food. Co.'s products include the SelfCooking Center®, a cooking appliance with intelligent cooking processes for roasting and pan-frying, poultry, fish, vegetables and other side dishes, potato dishes, egg dishes, desserts and bakery products; and the VarioCooking Center®, used for cooking in liquid or in direct contact with heat; and the CombiMaster®, a combi-steamer. Co.'s customers include restaurants, hotels, company canteens, hospitals, schools, universities, miliatry facilities, prisons and retirement homes.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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