ots Ad hoc-Service: Rational AG RATIONAL continues strong growth in the third quarter

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    Landsberg / Frankfurt (ots Ad hoc-Service) -      

    Sales and earnings well ahead of target - Notable sales successes in the US, Italy and Switzerland - Voted by "Forbes Global"

    RATIONAL AG's dynamic growth continued in the first nine months of 2000. Group sales rose sharply by around 20% to DM 207.7 (173.4) million, well in excess of the target of 15 per cent growth. The overall performance of the world market leader in high-tech equipment for the thermal preparation of food in fact increased by 24% to DM 211.9 (170.7) million. Business outside Germany was particularly gratifying, with the proportion of sales climbing to 78 (77)%. RATIONAL subsidiaries in the US, Italy and Switzerland also posted above-average growth.

    Despite extensive investment in expanding the international sales and marketing network, the operating result (EBIT) increased by an above-average 28% to DM 34.6 (27.0) million (excluding IPO costs). Rising prices for materials were more than offset by increased productivity and sound cost management. The 41.3% growth in earnings according to DVFA standards to DM 17.0 (12.0) million and DM 1.49 (1.06) per share is extremely positive. Cash flow according to DVFA also rose by 39.0% to DM 20.8 (14.9) million.

    The October edition of "Forbes Global" turned the spotlight on the world's 300 best small companies. Out of these, RATIONAL was named as one of the 20 "Star Companies" with the greatest future potential. This was based not only on the creation of a new international market thanks to the invention of combi- steamer technology, but also on the company's current innovation lead in the combi-steamer market of up to 7 years, its dominant 44% world market share, and in particular its Strong growth and high earning power in conjunction with enormous, as yet untapped international market potential. At the moment only 15% of the potential global sales of DM 35 billion has been exploited.


    Erich Baumgärtner Managing Board Tel:+498191/3270


    RATIONAL AG Iglinger Strasse 62 86899 Landsberg am Lech

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