Consolidated group level sales of Rába Group exceeded HUF 46 billion in 2015, with the company having announced several new, successful business developments. All three business units of the holding improved their profitability, owing to which - together with a record low level of loan - the company markedly increased its equity opening the way to the attainment of important developments.

Rába wrapped up a successful year in 2015: with a sales revenue comparable in magnitude to that of the base period, the company improved all its performance indicators, and increased the competitiveness of its products in the international markets full of challenges. The operating profit with a remarkable 16 percent hike compared to 2014 exceeded HUF 2 billion, all business units recording operating profits surpassing those of the previous year and improving their operating efficiency as well.
Along with an outstanding cash-flow generation exceeding HUF 5 billion the reduction of the net loan continued. By the end of 2015 the net borrowing decreased to HUF 3.4 billion, a record low level in the last decade, which is HUF 5.2 billion less than the HUF 8.6 billion in 2014 Q4.
Profitable and efficient operation helped the company to increase its equity by 13.5 percent in 2015, thus the value of equity per share exceeded HUF 1300.

'We are especially pleased that we were able to finalize the financial restructuring and thereby reduce our net loan to a level significantly lower than the industry average ahead of the 120th anniversary of our company. Rába had long not been in such a favourable situation as it was at the end of the last closed financial year: the company operated efficiently, generating a remarkable amount of cash-flow. Thanks to the technological modernisation carried out in previous years and our improving competitiveness we recorded an outstanding operating profit exceeding HUF 2 billion. By reducing our loan to a record low level we were able to get out of the debt trap paving the way for further modernisations and strategic investments, even acquisitions and supporting our presence in the international markets', emphasized István Pintér, Chairman-CEO of Rába Automotive Holding Plc.

RÁBA Jarmuipari Holding Nyrt. issued this content on 17 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 February 2016 16:25:15 UTC

Original Document: http://www.raba.hu/press/news_77.html