Ad-hoc | 17 May 2006 11:00
RATIONAL AG: RATIONAL AG with a strong 1st quarter 2006
Ad hoc announcement 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 with a strong 1st quarter 2006
Sales: +18%
EBIT: +22%
– RATIONAL AG – the ‘European Champion’
Landsberg, May 17, 2006. In the 1st quarter of 2006 RATIONAL AG, world
market leader in cooking technology for professional kitchens, generated
sales revenues of 62.9 million euros, which is 9.5 million euros or 18
percent above last years figure of 53.4 million euros. Thus the impressive
worldwide success of the RATIONAL SelfCooking Center® has continued as well
in 2006. The growth has been aided by initial sales of the new VarioCooking
Center® in selected pilot markets.
RATIONAL market leader in the USA
In the US, the strategically most important market for the future, the
sustained breakthrough was achieved. This is impressively confirmed by the
61 percent growth of the US-subsidiary posted in the 1st quarter of 2006.
With a market share of more than 30 percent RATIONAL technology is now
market leader in the US too.
EBIT grows disproportionately
Further process optimizations in all parts of the company again made it
possible to increase EBIT (earnings before interest and taxes) at a
disproportional rate of 22 percent or 2.6 million euros up to 14.6 million
euros. EBIT-margin rose to 23.3 percent compared to 22.5 percent for the
same quarter last year.
RATIONAL AG is the ‘European Champion’: ‘Excellent’ in all categories
In Europe’s most demanding business competition ‘Best Factory
Award/Industrial Excellence Award 2006’, run by the famous Insead
Management School in Fontainebleau and the Scientific University for
Business Management in Vallendar, in conjunction with the business
magazines ‘Wirtschaftswoche’ and ‘L’Usine Nouvelle’, RATIONAL AG has left
all of Europe’s leading participating companies trailing in its wake and
taken first place.
The jury war particularly impressed by the management’s clear objectives,
the company-wide process organisation and the high level of motivation,
initiative and technical expertise exhibited by all employees. RATIONAL was
marked ‘excellent’ in all categories of the competition for example
operations strategy, product development and supply chain management.
Positive outlook for 2006
Based on the successful development in the 1st quarter 2006 and the
worldwide acceptance of RATIONAL’s technology the board of directors is
confident to achieve a 15 percent growth in sales revenues up to 283
million euros and at the same time a disproportional increase in EBIT of 17
percent up to 78 million euros.
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Information and Explaination of the Issuer to this News:
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 more than 800 people, 500 of whom are in Germany. Since the IPO in
2000 RATIONAL was floated in the Prime Standard on the German stock market
and is currently represented in the SDAX. The Price of RATIONAL shares has
duplicated several times since the IPO.
The company’s principal objective is to offer customers maximum benefit at
all times. 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.
In millions of euros Q1 2006 Q1 2005 Change
Sales 62.9 53.4 +18%
EBIT 14.6 12.0 +22%
EBT 14.7 12.0 +22%
EPS (undiluted) in euros 0.82 0.65 +26%
Contact:
RATIONAL Aktiengesellschaft
Dr. Günter Blaschke
Tel. +49(0)8191 327-364
Fax +49(0)8191 327-272
e-Mail: g.blaschke@rational-online.de
www.rational-ag.com
(c)DGAP 17.05.2006
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Language: English
Issuer: Rational AG
Iglinger Straße 62
86899 Landsberg a. Lech Deutschland
Phone: +49 (0)8191 327-283
Fax: +49 (0)8191 327-533
email: h.wiedemann@rational-online.de
WWW: www.rational-online.de
ISIN: DE0007010803
WKN: 701080
indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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