03.06.2022 RATIONAL AG  DE0007010803

DGAP-News: Rational to begin controlled exit from Russian market


DGAP-News: RATIONAL AG / Key word(s): Strategic Company Decision
Rational to begin controlled exit from Russian market

03.06.2022 / 13:35
The issuer is solely responsible for the content of this announcement.

Rational to begin controlled exit from Russian market

On June 1, 2022, the Supervisory Board and the Executive Board of Rational AG voted unanimously to suspend business operations in Russia and to close its distribution company, based in Moscow, by the end of 2022. Rational has made this decision in response to the economic and political developments resulting from the Russian war in Ukraine. The company's withdrawal will be gradual and controlled so that it can continue to meet existing customer and employee obligations. Rational will also uphold its responsibilities toward affected employees in Ukraine, some of whom face existential threats as a result of the war.

At the beginning of March 2022, Rational acted of its own volition to suspend the delivery of cooking systems to Russia. In April 2022, a fifth round of government sanctions was passed that prohibited such deliveries going forward. Rational is, of course, complying fully with these trade bans and expects these sanctions to remain in place over the longer term.

Rational CEO Dr Peter Stadelmann announced that "Our withdrawal from the Russian market will happen gradually and in an orderly manner, so that we can meet our existing obligations to our local customers and partners as effectively as possible." Such obligations include, for example, supplying any required spare parts and cleaning agents, upholding warranty and service obligations, and terminating ongoing contractual relationships by mutual agreement. The necessary steps are currently being planned and should be completed by the end of 2022.

Rational’s release of the affected employees in Russia will be organized in a responsible manner. “Parting ways with our Russian colleagues is a difficult step,” stated Dr. Stadelmann. “They have been reliable, passionate and valuable team members for years.”

After the war began, Rational established a crisis management team for staff members in Ukraine and their families, and has been taking comprehensive measures to ensure their safety and provide for them in any way possible.

In terms of financial implications, Rational is confident that losing the Russian market will not have a significant impact on business results.

Rational Aktiengesellschaft
Stefan Arnold / Head of Investor Relations
Tel. +49 (0)8191 327-2209
Fax +49 (0)8191 327-72 2209
E-mail: [email protected]

The Rational Group is the global market and technology leader for thermal preparation of food in professional kitchens. Founded in 1973, the company employs around 2,300 people, over 1,300 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 primary objective of the company is to always offer its customers maximum benefits. Internally, RATIONAL is committed to the principle of sustainability, expressed in its policies on environmental protection, leadership and social responsibility. Year after year, numerous international awards testify to the exceptional quality of RATIONAL's work.

03.06.2022 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.

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Language: English
Siegfried-Meister-Straße 1
86899 Landsberg am Lech
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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1367615

End of News DGAP News Service

1367615  03.06.2022 


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 702,10 777,86 843,63 649,59 779,73 1.022,35 1.125,84
EBITDA1,2 199,40 218,99 248,36 136,08 190,45 268,42 309,62
EBITDA-Marge3 28,40 28,15 29,44 20,95 24,43 26,26
EBIT1,4 187,57 205,01 223,38 106,81 160,13 237,51 277,00
EBIT-Marge5 26,72 26,36 26,48 16,44 20,54 23,23 24,60
Jahresüberschuss1 143,00 157,31 171,50 80,10 123,66 185,72 215,76
Netto-Marge6 20,37 20,22 20,33 12,33 15,86 18,17 19,16
Cashflow1,7 145,94 144,33 198,64 92,69 171,71 160,62 258,35
Ergebnis je Aktie8 12,58 13,84 15,09 7,04 10,88 16,33 18,98
Dividende8 11,00 9,50 5,70 4,80 10,00 13,50 10,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

WKN Kurs in € Einschätzung Börsenwert in Mio. €
701080 793,500 Halten 9.022,10
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
36,07 39,38 0,92 58,35
15,42 34,92 8,01 27,86
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
13,50 13,50 1,70 08.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
02.05.2024 06.08.2024 07.11.2024 27.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,69% 15,54% 13,44% 25,06%
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Spezialmaschinenbau , 701080 , RAA , XETR:RAA