Rational AG Reports 10% Increase in Sales Revenues, EBIT Margin Rises

Rational AG announced a significant 10 percent growth in sales revenues for 2023, reaching 1.126 billion euros. This development showcased the company's strong performance in North America and Asia, contributing to the majority of the growth. Additionally, Rational AG's EBIT (earnings before financial result and taxes) margin witnessed an increase to 24.6 percent.

Despite varying global economic conditions, Rational's diverse geographic market performance illustrated resilience and potential growth areas. The company reported exceptional growth in regions like North America and Asia, with sales revenues surging by 18 and 24 percent respectively. Europe and Latin America also showed positive growth, while the company's home market of Germany experienced a slight decline.

Product-wise, the iCombi product group's sales exceeded the billion mark, reflecting a 13 percent growth. However, the iVario product group saw a decrease in growth, attributed to the previous year's exceptional performance. Rational also highlighted cost savings in essential materials, aiding the improved EBIT margin.

Looking ahead, Rational AG remains optimistic about 2024, expecting continued growth in line with its long-term objectives. The company anticipates organic growth in sales revenues in the mid to high single-digit percentage range and aims to maintain high profitability.