RATIONAL AG Begins 2024 with Strong First Quarter Performance

RATIONAL AG reported a successful start to the fiscal year 2024 with notable financial achievements in the first quarter. The company achieved sales revenues of 286 million euros, a slight increase from the previous year's same period. This growth was particularly strong in North America and Asia, with increases of 13% and 18% respectively in sales revenues. Europe saw mixed results, with a slight decline in regions excluding Germany.

The company's EBIT (Earnings Before Interest and Taxes) rose by 7% to 71.1 million euros, translating to an EBIT margin of 24.8%. This improvement was supported by decreased costs in commodities and logistics, enhancing the gross margin to 58.5%. The growth in the iVario and iCombi product groups also contributed to this positive outcome.

For the upcoming fiscal year, RATIONAL AG confirmed its forecast, expecting sales revenue growth in the mid to high single-digit percentage range and an EBIT margin near the previous year's. The focus remains on strategic projects and expanding the global sales team to ensure customer proximity and enhance operational performance.

At the end of March 2024, the company reported a workforce of 2,630 employees globally, marking growth in staffing to support its expansion and operations. Despite market challenges, RATIONAL AG maintains a robust financial position, reinforcing its commitment to sustainable growth and shareholder returns. The proposed dividend stands at 13.50 euros per share, indicating a yield of 1.9% based on end-of-year share prices.