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RATIONAL AG DE0007010803 : RATIONAL AG: 2007 fiscal year

sylvi470
10 sept. 200821:06

Sales up 19% to 336.6 million euros
Profits up 18% to 61.2 million euros
Dividend of 4.50 euros proposed



Landsberg, March 26, 2008. For RATIONAL AG, the worldwide market leader in the field of cooking technology for professional kitchens, 2007 was another record-breaking year. Sales grew by 19 percent or 52.9 million euros to 336.6 million euros (previous year: 283.7 million euros), and group profits were up by 18 percent or 9.4 million euros to 61.2 million euros (previous year: 51.8 million euros).



Worldwide growth

“It is particularly pleasing that practically all sales companies around the world contributed to the outstanding sales growth. This is a further testament to the solidity and performance of our global structures”, reports Dr. Günter Blaschke, CEO of RATIONAL AG. Partner business in the markets of the future, such as Eastern Europe, Asia and Latin America, also made an above-average contribution, recording a growth rate of 34 percent.



Dividend of 4.50 euros proposed

Thanks to the attractive dividend policy, RATIONAL AG shareholders have always benefited from the company’s very good earnings position. For the fiscal year 2007, the Executive and Supervisory Board will propose at the Shareholders’ Meeting that a dividend of 4.50 euros (previous year 3.75 euros) per share should be paid, this represents an increase of 20 percent.



107 new jobs in 2007

In 2007, 107 new, highly skilled and secure jobs were created in the RATIONAL group. With 1,008 employees worldwide, the 1,000 employee mark was passed for the first time. By continually improving productivity and efficiency in all corporate divisions, the company was also able to significantly enhance corporate quality in 2007. Sales per employee have been steadily rising for years and reached a new record of 349 thousand euros in 2007 (previous year 328 thousand euros).



Positive outlook for 2008

“The SelfCooking Center® and the VarioCooking Center® represent an innovative technology platform with an internationally unique selling proposition and high levels of customer acceptance. Against this background, and despite the increasing signs of an economic downturn in the US caused by the financial crisis and the imponderable nature of future trends in exchange rates, we expect sales growth of 15 percent to 387 million euros with a proportionate rise in EBIT of 15 percent to 106 million euros for 2008”, reports CEO Dr. Blaschke.

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