RATIONAL Aktiengesellschaft (RAA) Earnings Call Transcripts

RATIONAL Aktiengesellschaft's Latest Earnings Call - March 31, 2026

RATIONAL Aktiengesellschaft reported its fiscal year 2025 results with sales revenues reaching EUR 1.26 billion, marking a 6% growth, or 8% when adjusted for negative FX effects. The EBIT margin slightly exceeded expectations at 26.4%, compared to the anticipated 26%. For fiscal year 2026, management maintains a sales growth guidance in the mid- to high single-digit range, despite anticipated FX headwinds, particularly in Q1. The company plans to continue expanding its sales force to drive growth, especially in high-potential markets like North America and China.

Reported metrics

Guidance from management

Management maintains a mid- to high single-digit sales growth guidance for 2026, with an EBIT margin expected between 25% and 26%. FX effects are anticipated to be a burden in Q1 but should lessen in later quarters.

What management said

So all over, I think 4%, 5% is not really a big price increase when we compare it to what competition did. So I think the feedback and also when we look into the first -- let's say, the first figures, I think the price level is well accepted, and there is no big discussion about this price... Olivier?

So the U.S. is in terms of share of gas units, really the biggest one. There is, I would say, every second kitchen, approximately 50% or so of our kitchens or of our units are running with gas and the rest with electricity. In other markets, it's way lower. I think in the European markets, we are below -- so we are on a level of 10%, 15% or so. I think the U.K. and Europe is a little bit higher, but the Americas are ...

What analysts pressed on

Analysts expressed concerns about the impact of tariffs and FX on margins, as well as the potential for material shortages due to geopolitical tensions. Questions also focused on the acceptance of price increases in the U.S. and the expansion strategy in China.

Main topics on the call

• Revenue Growth — Sales revenues amounted to EUR 1.26 billion in 2025, a 6% increase, with organic growth at 8% after adjusting for FX effects. North America and Europe were major growth drivers, with North America achieving 8% growth and...
• Regional Performance — North America and Europe showed strong growth, while Asia saw an 11% decrease due to large prior orders and FX impacts. However, the 'street business' in Asia grew by 6%.
• Product Performance — The iVario segment outperformed with a 10% growth rate, double that of the iCombi segment. Management expects iVario to continue growing at 10%+ in the midterm.
• Cost Management — Gross margin was slightly below the previous year but better than expected, aided by stabilizing costs for components and logistics, offsetting higher tariffs.

Read the full RATIONAL Aktiengesellschaft transcript (March 31, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 17 RATIONAL Aktiengesellschaft earnings call transcripts on record, spanning November 3, 2022 to August 6, 2026. Based on this history, RATIONAL Aktiengesellschaft reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

RAA

Exchange

XTRA

Country

DE

Sector

Industrials

Industry

Machinery

Calls on record

17

First call

November 3, 2022

Most recent

August 6, 2026

Reporting cadence

quarterly