EQS-News  133  0 Kommentare RATIONAL AG starts fiscal year 2024 with a successful first quarter

• 286 million euros sales revenues
• North America and Asia regions continue to expand
• EBIT up 7 percent, outpacing sales revenue growth – EBIT margin at 24.8 percent
• Forecast for 2024 confirmed: sales revenue growth expected in medium to high single-digit percentage range and EBIT margin close to previous year

Landsberg am Lech, 2 May 2024 “After the successes of the previous year, the first three months of 2024 continue to give us a positive outlook. Financially, we are performing as expected. However, we are particularly pleased with the more intense direct contact with our customers,” says Rational’s CEO Dr Peter Stadelmann. On the morning of 2 May 2024, the company, headquartered in Landsberg am Lech, provided insights into the first quarter of 2024.

Sales revenues of 286 million euros
At 286.4 million euros (2023: 282.4 million euros), sales revenues in the first quarter were 1 percent higher than in the prior-year quarter. “Sales revenues had risen by 25 percent in the first quarter of 2023, boosted by the successful reduction of the exceptionally high orders on hand by around 45 million euros. This shows that year-on-year comparisons of sales revenues and new orders should be interpreted with caution due to the follow-on effects of the supply crisis. Against this background, and based on high demand, we evaluate the sales revenue performance as positive,” explains Rational’s CFO Jörg Walter. Orders on hand have stabilised at around 120 million euros.

Growth in Rational’s high-potential overseas markets of North America and Asia continues to outperform the average. Sales revenues in the North America region were up by 13 percent in the first quarter of 2024, while sales revenues in Asia increased by 18 percent during the same period. The major individual markets in these regions, namely the United States, China, and Japan, were responsible for the growth. The situation in Europe (excluding Germany) was mixed. In established markets, such as Italy, France, and Spain, Rational could not reach the peak values of the previous year’s quarter. Rational’s growth in Eastern and Southeastern Europe was all the more encouraging. Moreover, the United Kingdom made an important contribution to growth. In total, sales revenues in Europe (excluding Germany) were close to the previous year’s level, declining slightly by 3 percent. Sales revenues in Germany in the first quarter of 2024 were down significantly, by 17 percent, on the prior-year figure. Jörg Walter identified rapid growth during the period from 2021 until the first quarter of 2023 as the main reason for the decline. However, the long-term growth rate in the company’s home market remains within expectations.

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