Rational surges as higher orders boost Q1 sales
11/05/2022 07:49
** Shares in Rational RAAG.DE are up 4.8% in early
Frankfurt trade after the German kitchen appliance maker posts
better-than-expected Q1 figures, citing higher orders thanks to
catch-up effects, government support programmes, long delivery
times and announcement of price increases urn:newsml:reuters.com:*:nASM000B6K
** A local trader says Q1 revenues and EBIT are
significantly ahead of consensus estimates, 10% and 25% above
respectively
** Q1 sales revenue increases by 34% yoy to 225.3 million
euros ($237.58 million), while EBIT by 48% at 47.8 million
euros, the company said in a statement
** Stock seen at top of German midcap index .MDAXI
($1 = 0.9483 euros)
(Reporting by Linda Pasquini)
((Linda.pasquini@thomsonreuters.com))