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Rational adds 100 jobs in six months to fuel huge revenue growth

Rational combi ovens

Rational has vowed to carry on growing its global sales operations after adding almost 100 extra staff to its ranks during the first six months of the year.

The Germany-based combi oven manufacturer believes it is vital for the company to scale its resources to maintain its impressive sales growth.

The manufacturer racked up revenues of €399.4m (£369.9m) in the first half of the year, up 9% versus the same period a year ago, aided by favourable currency exchange rates.

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Dr Peter Stadelmann, CEO of Rational, confirmed the business now employs 2,200 people worldwide after creating 99 new roles since January, over half of them in Germany.

“The focus continues to be on expanding the global sales and service organisation. In addition, we have expanded our headcount in production and central support functions,” he explained.

In the UK, Rational employs 72 members of staff according to its latest accounts, although that figure is up to 31 December 2018, so it is conceivable that the number has increased slightly since then.

Rational said it had managed to increase sales in all regions of the world over the first six months of the year, including by 9% in Germany and 5% across the rest of Europe. North America and Asia rose 15% and 12% respectively, while Latin America led the way overall with 15% growth.

EBIT increased 8% to €98.2m (£90.9m) during the first half, while EBIT margin remained flat at 24.6%.

Rational’s executive board said revenue growth is likely to be in the region of “high single-digits” for the full year, with an anticipated EBIT margin of around 26%.

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Andrew Seymour

The author Andrew Seymour

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