RATIONAL

RATIONAL reports H1 2026 revenue of €642m with organic growth of 8% and EBIT of €170m (EBIT margin 26.5% including a €14m tariff refund). After-sales contributes 31% of revenue. iVario grows 14% and outpaces iCombi, while China poses the biggest risk due to customer shifts to local suppliers and cheaper competitors. Management expects H2 revenue growth in the mid- to high-single-digit range, slightly lower gross margins because of tariffs and costly electronic components, and plans no share buybacks — instead dividends and occasional special dividends are planned. » More on de.investing.com

Rational benefited in the second quarter from refunded tariffs: revenue rose 4 percent to just under €324 million, EBIT climbed 16 percent to €94 million and the operating margin increased to 29 percent. Net profit rose 15 percent to €73 million. CEO Peter Stadelmann confirmed the targets for 2026 and management still expects an operating margin of 25 to 26 percent for the full year. The share fell about 3 percent in trading and is nearly flat year to date. » More on finanzen.net

Bernstein Research confirms the rating for RATIONAL at 'Outperform' and the price target of €1,050 after the second-quarter results. Analyst Philippe Lorrain called the quarter solid; EBIT and net income exceeded consensus estimates by around four and three percent, respectively. » More on finanzen.net

RATIONAL reports Q2 2026 revenue up 4% to €323.9m, slightly below consensus. EBIT rose 16% to €94.0m and beat expectations thanks to a US customs refund of around €14m; the EBIT margin climbed to 29.0%. Profit after tax was €73.1m (up 15%) and earnings per share were €6.43; the full-year guidance with an EBIT margin of 25–26% was confirmed. » More on finanzen.net

RATIONAL is strengthening its market position in the combi-kitchen segment with core brands like iVario and iCombi and aims to win market share with the new IHexagon line tailored to fast food and canteens. The company is well positioned to benefit from an expected revival of investment in key markets such as the USA and, in particular, China. Analysts regard RATIONAL as one of the most attractive cyclical stories in the portfolio concept. » More on finanzen.net