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. » Altro su 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. » Altro su 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. » Altro su finanzen.net