Cautious outlook sends Rational shares down

Rational AG

28/03/2023 08:52

** Shares in Rational  RAAG.DE  were down 3.5% after it
released a "cautiously optimistic" outlook for 2023
    ** The German professional kitchen supplier sees this year's
EBIT margin slightly below the record 23.2% in 2022 due to
higher purchase prices and strategic investments  
    ** Last year, Rational's sales reached one billion euros for
the first time, driven by price increases, its after sales
business and positive currency effects 
    ** Firm's board also proposed annual dividend of 11 euros
per share, plus a special dividend of 2.5 euros per share 
    ** "Some arguments for the bulls and the bears…," a local
trader said 
    ** Stock among Germany's midcap index's  .MDAX  worst
performers this session
          

 (Reporting by Andrey Sychev)
 ((Andrey.Sychev2@thomsonreuters.com))