19.03.2015
RATIONAL AG DE0007010803
DGAP-News: RATIONAL AG continues to grow successfully
DGAP-News: RATIONAL AG / Key word(s): Final Results
RATIONAL AG continues to grow successfully
19.03.2015 / 09:30
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Press release
RATIONAL AG continues to grow successfully
- 8% sales growth - 29% EBIT margin
- Dividend of 6.80 euros proposed
- Growth expected to continue in 2015
Landsberg, 19 March 2015. RATIONAL AG posted consolidated sales of 496.7
million euros in 2014, an increase of 8% over the previous year (461.1
million euros) and so continued its growth of the past years.
Europe as the mainstay of growth
Europe was the main growth driver in 2014. Germany grew by 8%, whereas the
commercial kitchen supplier from Landsberg increased sales by 13% in the
rest of Europe. "Apart from the overall positive trend, we benefited for
example from a change in legislation in the UK, which pledges that every
schoolchild in the first and second form will be given a cooked luncheon.
That resulted in a positive special effect, since many school kitchens were
fitted out with RATIONAL equipment", states Dr Peter Stadelmann, Chief
Executive Officer of RATIONAL AG.
The Americas and Asia were 3% down on last year. However, these two
regions' figures reached the previous year's level when adjusted to reflect
negative currency effects. Field business through the company's own sales
function which is important to its sustained success developed well in both
regions. Sales in chain business, which fluctuates sharply, were down on
the previous year in each case.
EBIT margin of 29%
Gross profit rose to 304.0 million euros (previous year: 280.7 million
euros) and the gross margin was 61% (previous year: 61%). At 145.2 million
euros (previous year: 128.3 million euros), EBIT was 13% up on the previous
year. The EBIT margin of 29% was at a very high level. When adjusted to
reflect positive currency effects, it came to 28%, as in the previous year.
Group earnings were 110.1 million euros, outperforming the previous year's
figure by 13% (previous year: 97.2 million euros). This equates to a profit
per share of 9.68 euros (previous year: 8.55 euros).
Dividend of 6.80 euros proposed
In order for shareholders to share in the company's success adequately once
more, the Supervisory Board and Executive Board have decided to propose to
the General Meeting of Shareholders on 29 April 2015 to distribute a
dividend of 6.80 per share (previous year: 6.00 euros). This represents a
dividend payout ratio of 70% and a dividend yield of 2.6% relative to the
stock price at the end of 2014.
83 new jobs worldwide
The total number of employees in the Group rose in 2014 by 6% from 1,341 to
1,424. "Selective expansion of capacities in our global sales and marketing
organisations and in research and development means that we've further
improved our company's future prospects", said Dr Stadelmann.
Growth to date expected to continue
Given the forecasts for the global economy and based on the foundations
that have been created for the company's successful development, the
Executive Board of RATIONAL expects to continue its course of growth
regarding sales volume, revenue and EBIT in 2015.
Contact person:
RATIONAL Aktiengesellschaft
Dr Peter Stadelmann
Tel. +49 (0)8191 327-3309
Fax +49 (0)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 1,400 people, around 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.
2014 2013 Percentage change Sales (in million EUR) 496.7 461.1 +8 EBIT (in million euros) 145.2 128.3 +13 EBT (in million euros) 144.6 127.7 +13 EPS (in euros) 9.68 8.55 +13--------------------------------------------------------------------- 19.03.2015 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: [email protected] Internet: www.rational-online.com ISIN: DE0007010803 WKN: 701080 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 334315 19.03.2015
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