Rational Aktiengesellschaft · XETR:RAA
Rational Aktiengesellschaft — Rational — Q1 2026 Earnings Presentation
16 slides from Rational Aktiengesellschaft's earnings presentation, May 6, 2026
Slide 1: Earnings Call Q1 2026
50 years of combi ovens 50 years of global market leadership for professional cooking systems. Earnings Call Q1 2026 Landsberg am Lech, 6 May 2026 1
Slide 2: Coastal Orange Beach – Reference story, USA
Coastal Orange Beach Reference story, USA COASTAL Orange Beach is an expansive outdoor dining venue designed to accommodate up to 1,200 guests at a time. During peak season, they handle between 4,000 and 7,000 à la carte covers daily, which is a huge challenge and requires careful planning. The main
Slide 3: Coastal Orange Beach – Watch movie
Coastal Orange Beach Reference story, USA Watch movie
Slide 4: Adding more salespeople as major driver for sales growth
Salespeople Adding more salespeople as major driver for sales growth 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Sales Employees Unit Sales 06.05.2026 | RATIONAL AG | Earnings Call Q1 2026 4
Slide 5: Update on uncertainties due to US import tariffs and Iran war
New geopolitical risks Update on uncertainties due to US import tariffs and Iran war US tariffs Iran war - US Supreme Court declares IEEPA tariffs - NME sales app. 3% of total sales (2025) unlawful - Currently no interruption of supplier - Customs refund amounting to around logistics 14 million USD
Slide 6: Good results. Numbers. Data. Facts. Q1 2026
Good results. Numbers. Data. Facts. Q1 2026
Slide 7: Sales revenues up 8% - +11% currency-neutral growth
Sales revenue development Sales revenues up 8% - +11% currency-neutral growth +8% +3% +25% +1% 318 295 +34% 282 286 -7% 225 181 168 2020 2021 2022 2023 2024 2025 2026 Sales revenues in million euros | Revenue growth compared to the previous year. | RATIONAL AG | Earnings Call Q1 2026 06.05.2026 7
Slide 8: Q1 2026 – Sales revenues reach another Q1 all-time high
Sales revenues by quarter Q1 2026 – Sales revenues reach another Q1 all-time high +8% 341 318 311 312 295 2025 2026 2025 2025 2025 2025 2025 2025 Q1 Q2 Q3 Q4 Sales revenues in million euros | Revenue growth compared to the previous year. | RATIONAL AG | Earnings Call Q1 2026 06.05.2026 8
Slide 9: Americas and Europe as growth drivers
Sales revenues by region Americas and Europe as growth drivers North America +11% Germany Asia 77 69 +11% -3% 30 34 34 33 2025 2026 2025 2026 2025 2026 Europe +8% 139 129 Latin America Rest of the World +23% -9% 15 18 18 16 2025 2026 2025 2026 2025 2026 Sales revenues in million euros | Revenue grow
Slide 10: Solid growth in both product groups
Sales revenues by product group Solid growth in both product groups iCombi +6% 278 262 iVario +18% 34 40 2025 2026 2025 2026 Sales revenues in million euros | Revenue growth compared to the previous year. | RATIONAL AG | Earnings Call Q1 2026 06.05.2026 10
Slide 11: EBIT slightly below previous year – higher costs for US tariffs
EBIT EBIT slightly below previous year – higher costs for US tariffs 24.8% 24.4% 23.5% 23.9% 21.2% 19.2% +5% 14.3% +7% +1% +39% 76 71 72 +48% 66 +24% 48 32 26 Q1 2020 Q1 2021 Q1 2022 Q1 2023 Q1 2024 Q1 2025 Q1 2026 EBIT in million euros | EBIT growth compared to the previous year. EBIT margin | RATI
Slide 12: High profitability in Q1 2026
High profitability in Q1 2026 Healthy sales revenue performance and favourable COGS Q1 Q1 Q1 2025 vs. Q1 2026 in m EUR 2025 2026 Change Margin Impact Sales revenues 295.3 317.6 +8% --- + Sales revenues growth in COGS -120.6 -134.6 +12% -155 bps line with expectations Gross Profit 174.7 183.1 +5% ---
Slide 13: High equity ratio and liquidity
Balance sheet High equity ratio and liquidity in m EUR 31. 03.2025 31.12.2025 31.03.2026 Balance sheet at a glance: Non-current assets 287 289 291 – 10% growth in total assets Inventories 114 124 134 – 45% Liquidity ratio1 Trade receivables 186 200 209 – 51 DSO (days) Other assets 384 383 388 Liquid
Slide 14: Forecast unchanged after Q1 2026
Sales revenue and earnings forecast for 2026 Forecast unchanged after Q1 2026 Sales revenue growth Gross profit margin Operating costs EBIT margin in the mid to high single- on a slightly lower level than are rising slightly faster than between 25% and 26%. digit percentage range. in the previous ye
Slide 15: RATIONAL
RATIONAL
Slide 16: Disclaimer
Disclaimer This presentation serves the single purpose of introducing the RATIONAL Group and providing a brief overview. The information contained is not intended to be exhaustive and does not provide a basis for corporate decisions or serve as investment advice. We assume no warranty, guarantee or