Baader Helvea ups Rational on improved earnings prospects
10/10/2022 16:37
** Baader Helvea raises German kitchen appliance maker
Rational RAAG.DE to "add" from "reduce", citing improved sales
and earnings prospects after supply chain issues have been
overcome
** The broker sees potential for implementing higher product
prices and "the production output is now higher than ever,
resulting in a gradual normalization in delivery times"
** Baader Helvea expects the company to reach the "record"
2019 levels (EBIT 223.4 million euros) already in 2022, pointing
to revenue growth much stronger than previously expected
** It expects significant EBIT margin improvement to 23.9%
for FY 2023 and further to 24.9% for FY 2024
** Rational shares closed up 1.2% on Monday
(Reporting by Philipp Krach)
((Philipp.Krach@thomsonreuters.com))