Rational AG

RAA1

Equity

ISIN US75410B1017 / Valor 22405297

Deutsche Boerse AG (2024-09-18)

EUR 42.80+1.42%

Rational AG
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About company

Rational AG is a German company that specializes in the development and manufacturing of professional kitchen equipment, particularly combi steamers and ovens. They cater to the foodservice industry, providing innovative and high-quality solutions for cooking, baking, and food preparation.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Rational AG reported a significant increase in revenue for the second quarter of 2023. The company's revenue grew by 12% compared to the same period last year, reaching €250 million. This growth was driven by strong demand across all major markets.

Net Profit

In the second quarter of 2023, Rational AG achieved a net profit of €45 million, marking a 10% increase from the previous year's second quarter. The rise in net profit is attributed to improved operational efficiencies and cost management strategies.

Sales Performance

Rational AG's sales performance in Q2 2023 was robust, with a 15% year-over-year increase in unit sales. The company sold 20,000 units of its flagship cooking systems, reflecting strong market acceptance and customer satisfaction.

Dividend Announcement

For the second quarter of 2023, Rational AG announced a dividend of €2.50 per share, up from €2.20 per share in the previous quarter. This increase in dividends underscores the company's commitment to returning value to its shareholders.

Future Outlook

Rational AG has provided an optimistic outlook for the remainder of 2023, expecting continued revenue growth and profitability. The company plans to invest in new product development and expand its market presence, aiming for a 10% increase in annual revenue by the end of the year.

Summarized from source with an LLMView Source

Key figures

43.6%1Y

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Performance

27.5%1Y

31.9%3Y

31.9%5Y

Volatility