RATIONAL AG : Positive outlook for 2024 but the share is correctly valued
>Final FY 2023 results in line with preliminary figures - Rational has just published its final FY 2023 results which came in line with preliminary figures with, in detail: 1/ FY 2023 sales up 10% y-o-y to € 1125.8m (vs initial guidance of growth in the high single digits) benefiting from positive effects of the price increases made in 2022. Q4 sales came to € 293m +1% y-o-y and +7.7% q-o-q (vs guidance of a decline in Q4 sales vs Q3 2023). These good results can be ...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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