Rational grows sales to £160m in first half

Rational has set its sights on growing its business by 10% this year after revealing that first-half sales came in €24m (£19m) above the previous year.

The Germany-based combi oven manufacturer netted revenues of €204m (£160m) for the opening six months of 2012, a 13% improvement on the previous year and 11% up after exchange rate adjustments.

Sales from the Americas and Asia stole the headlines after enjoying growth of more than 30%, while a similar performance from the company’s Frima subsidiary also made a “significant contribution” to the top line.

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“A big advantage, especially in economically challenging times, is the savings effect of our products at our customer from the first day on,” said Dr. Gunter Blaschke, CEO of Rational. “In addition, due to the broad regional diversification of our sales, we are less dependent on developments in individual regions.”

Rational reported that EBIT climbed 18% to €54m (£42m) during the period despite a 10% rise in operating costs.

Blaschke added: “Given the stable growth forecasts for 2012 and the good business development in the first six months, but also with an eye to the existing uncertainties regarding future trends in the global economy, we are confirming our forecast for 2012 as a whole of around 10% growth in sales and earnings.”

Rational employs more than 1,200 people, of which more than 700 are in Germany.

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