DGAP-News: Rational AG records second highest quarterly sales revenues in the company’s history in first quarter of 2022
Landsberg am Lech, 11 May 2022 Strong demand continues unabated in the first quarter of 2022.
DGAP-News: RATIONAL AG / Key word(s): Quarter Results/Quarterly / Interim Statement Rational AG records second highest quarterly sales revenues in the company’s history in first quarter of 2022 11.05.2022 / 07:00 The issuer is solely responsible for the content of this announcement. Press release - New orders again at record high – around 300 million euros of new orders taken in the first quarter of 2022 - Further rise in orders on hand since the end of the year - Sales revenues up 34 percent on previous year in the first quarter of 2022 - 21 percent EBIT margin in the first quarter of 2022 Landsberg am Lech, 11 May 2022 “Strong demand continues unabated in the first quarter of 2022. At around 300 million euros, we even achieved another new order record. This represents year-on-year growth of 70 percent”, explains Jörg Walter, CFO of Rational AG. The company has identified catch-up effects, government support programmes, long delivery times and the announcement of price increases as reasons for the high order levels in recent months. Sales revenues of 225 million euros in the first quarter of 2022 – second best quarterly sales revenue figure in Rational’s history iCombi and iVario – the new standards in cooking technology 54.5 percent gross margin in the first quarter of 2022 21.2 percent EBIT margin after three months While sales revenues rose by 34 percent year-on-year, operating costs were only 20 percent up on the prior-year level. Total operating costs amounted to 76.3 million euros in the first quarter of 2022 (2021: 63.6 million euros). Adjusted for currency effects, the EBIT margin after three months of 2022 was 19.7 percent. Outlook Up to now, the company has always been able to keep the effects of these bottlenecks to a minimum. “We will only be able to fully assess the further consequences of the Ukraine crisis and the new lockdowns in China in the course of the year.”, adds Stadelmann. For 2022, the company nevertheless still anticipates sales revenue growth of 10 to 15 percent compared with the previous year and an EBIT margin slightly up on the previous year. If the risks referred to materialise to a greater extent than has so far become apparent in the first four months, Rational expects sales revenues to increase more slowly and the EBIT margin to come in below the level recorded in the previous year. Editorial note: The company’s principal objective is to offer maximum customer benefit at all times. Rational is committed to the principle of sustainability, which is expressed in its corporate 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.
11.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | RATIONAL AG |
Siegfried-Meister-Straße 1 | |
86899 Landsberg am 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 |
EQS News ID: | 1348707 |
End of News | DGAP News Service |
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1348707 11.05.2022