Rational’s turnover grows to £370m

Sales figures published by Rational this week have reaffirmed why the company remains the market’s largest supplier of combination ovens.

With the exception of its Frima multinfunction cooking unit, Rational only produces combis for commercial kitchens, but it still continues to find ways of growing the business.

Its latest results reveal that global revenues for 2012 grew 11% year-on-year to €435m (£370m).

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The MDAX-listed manufacturer said all regions around the world contributed to the growth, with the Americas (27%) and Asia (26%) recording the greatest improvements.

In Germany, which remains Rational’s single biggest market, more than 7,000 units were sold, setting a new record for the company.

Overall EBIT, meanwhile, climbed 20% to €123m (£105m), while EBIT margin rose 28%. Earnings after tax increased 18% to €93m (£79m).

Rational will now propose that shareholders receive a dividend of 5.70 a share when its General Meeting of Shareholders takes place on 8 May.

Guenter Blaschke, CEO of Rational, said he expects the growth to continue despite acknowledging that there were existing uncertainties and risks facing the global market place.

“Against this backdrop, and also in view of the very positive acceptance of our products and the large untapped global market potential, we believe we can continue our successful growth policy for sales and earnings in 2013,” he stated.

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