16.01.2017
RATIONAL AG DE0007010803
DGAP-News: Rational AG: Preliminary figures for the 2016 fiscal year
DGAP-News: RATIONAL AG / Key word(s): Preliminary Results
Rational AG: Preliminary figures for the 2016 fiscal year
16.01.2017 / 18:30
The issuer is solely responsible for the content of this announcement.
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Press release
Rational AG: Preliminary figures for the 2016 fiscal year
- Sales revenues up by 9 percent
- Technology leadership successfully expanded
- 27 percent EBIT margin
Landsberg, 16 January 2017 According to preliminary calculations, Rational
posted sales revenues of around 613 million euros in the 2016 fiscal year.
This equates to growth of 9 percent compared to the previous year (564
million euros). All regions around the world contributed to this positive
development. Frima grew considerably faster with an increase in sales
revenues of 22 percent, thus making a significant contribution to the
success.
Investments in the future
The rollout of new products in the SelfCookingCenter(R) area and the new
VarioCooking Center(R) 112L incurred costs of around 5 million euros, which
had a negative impact on earnings for 2016. "Our new generation of
appliances was showcased at a total of 50 launch events worldwide to around
5,000 enthusiastic dealers, planners, customers and representatives of the
press. The entire brand image and all product documents were redesigned and
translated into around 40 languages", said Dr Stadelmann, CEO of the
Rational Group.
27 percent EBIT margin expected
In line with sales revenue performance and taking into account the one-off
costs, Rational expects earnings before interest and taxes (EBIT) of around
166-167 million euros (previous year: 160 million euros). This equates to
an EBIT margin of 27 percent (previous year: 28 percent).
Negative currency effects
The weakness of foreign currencies that are important for Rational in
relation to the euro - in particular the British pound - had a negative
impact on sales revenues and earnings performance, as already reported
during 2016. After exchange rate adjustments, sales revenues were around
10 percent above the previous year, and the EBIT margin reached around 28
percent.
More than 180 new jobs created
In the year under review, Rational also invested in the forward-looking
development of the company and created more than 180 new jobs worldwide,
with more than half of them in Germany.
Further information on Group earnings with the final figures, a look at
expected business performance and a dividend proposal will be announced by
the company on 23 March 2017.
Contact person:
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]
www.rational-online.com
Editorial note:
The Rational Group is the global market and technology leader for thermal
preparation of food in professional kitchens. The company, founded in 1973,
employs over 1,700 people, more than 900 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 the work done by
Rational's employees year for year.
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16.01.2017 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.
Archive at www.dgap.de
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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