Ad-hoc | 10 August 2010 07:46
RATIONAL AG / Half Year Results 10.08.2010 07:46 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- RATIONAL back on track for success - Sales growth of 7 percent - EBIT up by 23 percent - 44 new jobs created Landsberg, August 10, 2010. In the first six months sales of RATIONAL stood at 157.5 million euros (previous year 147.7 million euros). This is 9.8 million euros or 7 percent up on the first half of the last year. Virtually all markets have contributed to the growth. Even areas, such as Russia, Spain and the Americas, which were especially hit by the last financial crisis, are back on track again. In the second quarter the company increased sales compared to the same quarter of the previous year by 14 percent to 84.9 million euros (previous year 74.4 million euros). EBIT up by 23 percent Thanks to the good sales performance, coupled with professional cost management, earnings are up considerably on a year-on-year basis. In the first six months earnings before interest and taxes (EBIT) improved by 8.0 million euros or 23 percent to 43.3 million euros (previous year 35.3 million euros). The EBIT margin of 27 percent is beyond the previous year's figure of 24 percent. Earnings after taxes stand at 32.1 million euros (previous year 25.8 million euros), a rise of 24 percent compared to last year. In the second quarter an EBIT of 26.5 million euros (previous year 20.1 million euros) was posted. This equates to a 32 percent rise compared to the previous year and an EBIT margin of 31 percent. 44 new jobs created Encouraged by the sustained, positive business trends, RATIONAL started to make selective investments to increase sales capacities in markets with particularly high potential for growth. In addition to the focal points of China, India and South America, sales capacities for the VarioCooking Center will also be further expanded. On June 30, 2010 the company employed 1,037 people, which are 44 more employees than at the start of the year. Outlook for 2010 confirmed RATIONAL has everything in place for success. A superior product portfolio, large untapped market potential, very good customer loyalty and customer satisfaction, a global sales and marketing network and a proven business model based on excellent financials are a solid foundation for sustainable positive business development. Against the backdrop of the trends in the first six months the company's management confirms the expectations for 2010 as a whole to the effect that RATIONAL will be back on a stable growth path. Contact: RATIONAL Aktiengesellschaft Dr. Günter Blaschke Tel. +49 (0)8191 327-364 Fax +49 (0)8191 327-272 e-Mail: g.blaschke@rational-online.com www.rational-online.com 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 around 1,000 people, of which more than 600 are in Germany. Since the IPO in 2000 RATIONAL was floated in the Prime Standard on the German stock market and is currently listed on the MDAX. The company's principal objective is to offer customers maximum benefit. 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.Q2 2010 Q2 2009 Change in % Sales (in m EUR) 84.9 74.4 +14 EBIT (in m EUR) 26.5 20.1 +32 EBT (in m EUR) 26.4 20.0 +32 EPS (in EUR) 1.73 1.30 +34HY 2010 HY 2009 Change in % Sales (in m EUR) 157.5 147.7 +7 EBIT (in m EUR) 43.3 35.3 +23 EBT (in m EUR) 43.1 35.2 +22 EPS (in EUR) 2.83 2.27 +2410.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: RATIONAL AG Iglinger Straße 62 86899 Landsberg a. Lech Deutschland Phone: 0049 8191 327 364 Fax: 0049 8191 327 272 E-mail: i.klinckmann@rational-online.com Internet: www.rational-online.com ISIN: DE0007010803 WKN: 701080 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in München, Berlin, Düsseldorf, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------