Rational slides as it sticks to 'conservative' FY outlook after strong results
03/11/2022 08:55
** Shares in Rational RAAG.DE are down 8% after the German
cooking appliances producer reported strong nine-month figures
but left its FY guidance unchanged
** The company reports sales growth of 25% for the first
nine months of the year
** Rational had raised its full-year sales and profit
forecast in September
** Baader Helvea says that in the light of the strong
nine-month figures, the September guidance looks "quite
conservative"
** "As in times of rising interest rates excessive valuation
multiples like in 2021 are not in sight any more, we do not
expect to see RATIONAL share prices far above EUR 600 in the
near future," the broker adds
** The stock is on track for its worst day since August
(Reporting by Bartosz Dabrowski in Gdansk)
((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))