Rational AG

Latest Results (19.12.2024):

Sales Revenue Growth

Rational AG reported a 5% increase in sales revenues, reaching 875 million euros for the first nine months of 2024. The third quarter alone saw an 8% rise compared to the same period in the previous year. The Americas, particularly the United States, were significant contributors to this growth, with North and South America showing strong sales revenue increases of 8% and 10%, respectively.

iVario Product Performance

The iVario product group outperformed the overall company growth, with sales revenues increasing by 12% in the first nine months of 2024, reaching 97.7 million euros. This growth was driven by strong demand for iVario cooking systems, highlighting the continued attractiveness of Rational AG's innovative cooking solutions despite economic uncertainties.

Improved Gross Margin

Rational AG achieved a gross margin of 58.9% in the first nine months of 2024, an improvement of 2.4 percentage points from the previous year. This increase was primarily due to the stabilization of cost levels, which were lower than anticipated. The cost of sales slightly decreased to 359.5 million euros, contributing to the higher gross margin.

EBIT and EBIT Margin

The company's EBIT for the first nine months of 2024 was 226.6 million euros, marking a 12% increase from the previous year. The EBIT margin improved to 25.9%, up from 24.2% in 2023. This growth was supported by a positive increase in gross profit, although operating costs rose by 7%, slightly outpacing sales revenue growth.

Operating Cash Flow

Rational AG generated 207 million euros in operating cash flow during the first nine months of 2024, up from 197.4 million euros in the previous year. The increase was mainly attributed to higher profits after taxes. Investments in property, plant, and equipment, as well as intangible assets, amounted to 22.1 million euros, focusing on expanding and maintaining key locations and facilities.