Rational AG (RTLLF.PK), a German manufacturer/retailer of commercial and industrial kitchen equipment, said on Thursday that its earnings before financial results and taxes or EBIT came in at 314 million euros, up 13% from last year. This strengthened the company's EBIT margin to 26.3%.
For fiscal 2024, the company's sales revenues rose 6% to 1.19 billion euros from 1.17 billion euros, helped by strong performances in the European (excluding Germany) and North American regions. Both these markets added 7% to the sales revenues for the year.
While IVario sales revenues were up 16%, iCombi sales revenues climbed 5%.
In the fourth quarter, sales revenues rose by 9% to touch 318 million euros.
Commenting on the company's performance, Chief Financial Officer CFO Jörg Walter, said, "As in the previous quarters, our year-end is benefiting from a stable cost level in combination with encouraging sales revenue growth. Positive effects, especially on the procurement side, strengthened our EBIT margin."
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