Rational has maintained strong sales of combi ovens in 2015 after revealing that its first quarter sales climbed an impressive 24% year-on-year.
The catering equipment manufacturer banked revenues of €125m (£91m) during the opening three months of the year, compared with €101m (£73m) in the same period last year.
Dr. Peter Stadelmann, CEO of Rational, said the results put it on track to meet its full-year targets. “Given our business performance to date, we can confirm our forecast of a continued positive sales and earnings performance for the fiscal year 2015,” he stated.
The growth drivers of business in the year to date included the domestic market Germany (up 18%) and the rest of Europe (up 12%). Sales in the Americas were 63% higher year-on-year and rose sharply in Latin America in particular.
Asia also performed well compared to the previous year (up 37%), with all regions contributing with positive sales trends, according to the company.
Rational acknowledged that a weaker first quarter in 2014 had some bearing on the size of the growth, while currency effects also had a positive impact on sales. In particular, the US dollar and pound sterling were stronger against the euro. Without currency effects, sales grew 19%.
EBIT reached €35m (£25m) during the quarter, up 69% on the previous year.