20.03.2014
RATIONAL AG DE0007010803
DGAP-News: RATIONAL AG still on growth path in 2013
DGAP-News: RATIONAL AG / Key word(s): Final Results
RATIONAL AG still on growth path in 2013
20.03.2014 / 09:30
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Press release
RATIONAL AG still on growth path in 2013
- 6 percent sales growth (currency-adjusted 9 percent)
- 28 percent EBIT margin
- Dividend of 6.00 euros proposed
- Cautious optimism about 2014
Landsberg, 20 March 2014. With total sales of 461.1 million euros in 2013
(2012: 435.0 million), RATIONAL AG was able to report year-on-year growth
of 6 percent. "Although that means we've not been able to meet our original
growth forecast of around 10 percent, we nevertheless managed to exceed the
adjusted forecast of 5 percent issued during the year thanks to a strong
fourth quarter", says Dr Peter Stadelmann, Chief Executive Officer of
RATIONAL AG. Sales growth was negatively impacted by the relatively strong
development of the euro compared with the previous year. After adjustment
for these currency effects, organic growth was 9 percent.
Growth in Europe and America
The main growth drivers were Europe and America, with increases of 8 and 9
percent respectively (currency-adjusted +9 and +14). The company just
failed to match the figure for the previous year in Germany and sales also
declined slightly in Asia for currency-related reasons. However, Asia grew
by 6 percent after adjustment for exchange rate effects.
28 percent EBIT margin
Gross profit rose to 280.7 million euros (2012: 261.7 million euros). The
gross margin ended at 61 percent (2012: 60 percent). Negative
currency-related sales effects were more than compensated for by lower
commodity prices and thanks to procuring components in part in foreign
currency.
At 128.3 million euros (2012: 122.7 million euros), EBIT was 5 percent up
on the previous year. At 28 percent, the EBIT margin in 2013 reached the
same high level as the previous year. Group earnings were 97.2 million
euros, outperforming the previous year's figure by 4 percent (2012: 93.3
million euros). This equates to earnings per share of 8.55 euros (2012:
8.20 euros).
Dividend of 6.00 euros proposed
In order for shareholders to share in the company's success as appropriate,
the Supervisory Board and Executive Board have decided to propose to the
General Meeting of Shareholders on 30 April 2013 to distribute a dividend
of 6.00 per share (2012: 5.70 euros). This represents a dividend payout
ratio of 70 percent and a dividend yield of 2.5 percent relative to the
stock price at the end of 2013.
78 new jobs created
The total number of employees in the Group rose in 2013 from 1,263 to
1,341. "Selective expansion of capacities in our global sales and marketing
organisations and in research and development means in particular that
we've further improved our company's future prospects", said Dr Stadelmann.
Of the 78 new jobs, 16 were added in Germany.
Cautiously optimistic for 2014
Given the good forecasts for the world economy and RATIONAL's excellent
market position, as well as the expansion in its sales activities and the
anticipated positive boost from the newly launched table-top version of the
VarioCookingCenter MULTIFICIENCY(R), the Landsberg-based company expects to
be able to continue its successful growth in future. "We are cautiously
optimistic about being able to keep on growing both our sales and earnings
in fiscal 2014", added Dr Stadelmann.
Contact person:
RATIONAL Aktiengesellschaft
Dr Peter Stadelmann
Tel. +49 8191 327-3309
Fax +49 8191 327-272
E-mail: [email protected]
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 more than 1,300 people, over 700 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 MDAX.
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.
2013 2012 Percentage change Sales (in million EUR) 461.1 435.0 +6 EBIT (in million EUR) 128.3 122.7 +5 EBT (in million EUR) 127.7 122.4 +4 EPS (in EUR) 8.55 8.20 +4End of Corporate News --------------------------------------------------------------------- 20.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: [email protected] Internet: www.rational-online.com ISIN: DE0007010803 WKN: 701080 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 258414 20.03.2014
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