industry side, the factors are the in some instances massive financial aid packages, as in the U.S., for example, and the dealers' depleted inventories. Risks that remain are new virus mutations and further waves of the pandemic that could lead to renewed lockdowns. The company's management currently still expects growth in sales revenues in the medium single-digit range. "Based on the assumption that other markets will benefit sooner or more strongly from catch-up effects among restaurant and communal catering guests and our end customers, sales revenue growth for the fiscal year could turn out to be somewhat better than previously expected", said Peter Stadelmann. The risk of supply shortages for electronic components and production stoppages as a result still remains. There is also the risk of rising costs in material procurement. "There are already signs of price increases for some raw materials and especially electronic components, as well as rising transport and logistics costs. In addition, operating costs for trade fairs, customer visits and travel will rise again as things continue to get back to normal", notes Jörg Walter. If the positive trend in sales revenues and the favourable cost situation of the first quarter continue and the risks described do not materialise in full, then the EBIT margin will be higher than the previous year. Contact: Rational AG Stefan Arnold / Head of Investor Relations Tel. +49 (0)8191 327-2209 Fax +49 (0)8191 327-72 2209 E-Mail: ir@rational-online.com www.rational-online.com Editorial note: The Rational Group is the global market and technology leader for thermal preparation of food in professional kitchens. Founded in 1973, the company employs around 2,200 people, over 1,200 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. 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. Q1 2021 Q1 2020 Percentage change Sales revenues (m EUR) 167,7 181,3 -7 Gross profit (m EUR) 93,9 101,5 -7 Gross margin (percent) 56 56 - EBIT (m EUR) 32,2 26,0 +24 EBIT-margin (percent) 19,2 14,3 - Earnings after taxes (m EUR) 24,4 16,7 +46 EPS (EUR) 2,15 1,47 +46 -----------------------------------------------------------------------------------------------------------------------
2021-05-05 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 -----------------------------------------------------------------------------------------------------------------------
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: ir@rational-online.com 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: 1191871 End of News DGAP News Service =------------
1191871 2021-05-05
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(END) Dow Jones Newswires
May 05, 2021 01:01 ET (05:01 GMT)