RATIONAL AG (FRA:RAA) RATIONAL AG: Success continues into the third quarter

Directive transparence : information réglementée

29/10/2014 07:00
DGAP-News: RATIONAL AG / Key word(s): Quarter Results RATIONAL AG: Success continues into the third quarter 29.10.2014 / 07:00 --------------------------------------------------------------------- Press release RATIONAL AG: Success continues into the third quarter - Sales up by 7 percent and EBIT up by 15 percent in the first nine months of 2014 - 15 percent growth in Europe - Forecast confirmed Landsberg, 29 October 2014 Professional-kitchen specialist RATIONAL continued its growth trend in the third quarter, generating an increase of 10 percent to 129.5 million euros (previous year: 117.9 million euros). Sales for the nine-month period are up 7 percent year-on-year to 352.7 million euros (previous year: 328.7 million euros). 15 percent growth in Europe Even in the well-developed German market we have experienced a 8 percent growth over the past nine month. Business performance was particularly successful in the rest of Europe, where a growth rate of 15 percent resulted in sales of 189.2 million euros (previous year: 164.8 million euros). The UK market's performance was especially positive. "Both regional and project business are doing very well here. Project business benefited from a law passed in February this year, which guarantees all pupils in reception (years 1 and 2) a free school lunch. This prompted many schools to equip their kitchens and choose our appliances to do so", says Dr Stadelmann, CEO of RATIONAL AG. After nine months, sales in the Americas and Asia regions were down 8 and 10 percent respectively year-on-year. Sales in the Americas in the first nine months were 53.7 million euros (previous year: 58.2 million euros) and in Asia 40.7 million euros (2013: 45.4 million euros). Whereas regional business handled through our own sales people performed well in both regions, partner and chain customer business were down on the previous year in these regions. In addition, negative currency effects impacted on sales growth in these regions. After exchange rate adjustments, sales were down 4 and 7 percent respectively on the previous year. FRIMA achieved an increase of 19 percent in the first nine months, thus continuing on its sustained growth course. 28 percent EBIT margin Operating costs rose to 120.0 million euros in the first nine months (previous year: 108.3 million euros). RATIONAL concentrated its investments here in the fields of sales and marketing, along with research and development, with increases of 11 and 12 percent respectively. Under other operating income and expenses, the company achieved a positive balance from the valuation of foreign currency receivables and liabilities in an amount of 6.0 million euros (previous year: negative effect of 2.4 million euros). As a result, the company's earnings before interest and taxes (EBIT) increased by 15 percent year-on-year, to 99.2 million euros (previous year: 86.5 million euros). The EBIT margin was 28 percent (previous year: 26 percent), however after exchange rate adjustments it was similar to the previous year. German Global Excellence in Operations Award In the "Factory of the Year/GEO" contest, which is organised annually by business magazine "Produktion" and management consultancy A.T. Kearney, RATIONAL won the "German Global Excellence in Operations Award". The jury was particularly impressed by the process organisation, efficient production processes and significant increases in productivity. Forecast confirmed "Due to the positive company's development in the first nine months, we confirm our previous forecast of continued positive sales and earnings performance for the full fiscal year 2014", says Dr Stadelmann. Contact person: RATIONAL Aktiengesellschaft Dr Peter Stadelmann Tel. +49 (0)8191 327-3309 Fax +49 (0)8191 327-272 E-mail: p.stadelmann@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 1,400 people, over 800 of whom are in Germany. Rational was floated in the Prime Standard of the German stock market in 2000 and is currently represented in the SDAX. The company's principal objective is to offer maximum customer benefit at all times. Internally RATIONAL is committed to the principle of sustainability, which is expressed in its policies on environmental protection, leadership, job security and social responsibility. Numerous international awards bear witness to the high quality of RATIONAL's work, year on year.

                             Q3 2014       Q3 2013       Percentage change
Sales (in million EUR)         129.5         117.9                     +10
EBIT  (in million EUR)          43.4          35.9                     +21
EBT   (in million EUR)          43.4          35.8                     +21
EPS   (in EUR)                  2.91          2.41                     +21

                             9M 2014       9M 2013       Percentage change
Sales (in million EUR)         352.7         328.7                      +7
EBIT  (in million EUR)          99.2          86.5                     +15
EBT   (in million EUR)          98.9          86.1                     +15
EPS   (in EUR)                  6.63          5.78                     +15

--------------------------------------------------------------------- 29.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: RATIONAL AG Iglinger Straße 62 86899 Landsberg a. Lech Germany Phone: 0049 8191 327 2209 Fax: 0049 8191 327 722209 E-mail: s.arnold@rational-online.com Internet: www.rational-online.com ISIN: DE0007010803 WKN: 701080 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 293731 29.10.2014