DGAP-News: RATIONAL AG continues to grow successfully

DGAP-News: RATIONAL AG / Key word(s): Annual Results/Forecast

RATIONAL AG continues to grow successfully

14.03.2019 / 07:00

The issuer is solely responsible for the content of this announcement.

Press release

RATIONAL continues to grow successfully

- Sales revenues up by around 11 percent - by 13 percent after currency adjustments

- EBlT margin over 26 percent

- Tenth consecutive dividend increase to 9.50 euros per share proposed

- Company remains well-positioned for the future

Landsberg, 14 March 2019     In the 2018 fiscal year, Rational increased its sales revenues by        11 percent or 76 million euros to 778 million euros (previous year: 702 million euros) and thus meets the Company's growth outlook, which was increased from 10 to 12 percent in the course of the year. North America, which saw a rise of 26 percent, was a key growth driver, while China also made an above-average contribution to continued expansion. The other regions also contributed to this positive performance. The weakness of some foreign currencies, particularly the US Dollar and emerging market currencies, had a negative impact on sales revenue performance. Growth after adjustment for exchange rate movements was just under 13 percent.

Rational brand merger successfully completed

The Rational brand wrote a special success story in the last few decades and played a major role in shaping the combi-steamer market. The more recently launched VarioCookingCenter(R) also has an expanding group of enthusiastic customers, especially in Europe. The integration of the two product groups in sales therefore continued successfully in the past fiscal year. To take even greater advantage of the worldwide trust in the Rational brand and synergies, the VarioCookingCenter(R) will be distributed exclusively under the strong Rational brand and through Rational sales companies starting in 2019. The VarioCookingCenter(R) grew somewhat faster than the Group as a whole, with an increase in sales revenues of 14 percent, making a significant and ever-growing contribution to earnings.
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