Rational shares rise on 'huge surprise' outlook hike

Rational AG

29/09/2022 07:11

** Shares in Rational AG  RAAG.DE  jump 10.4% in pre-market
trade after the German kitchen appliance maker hiked FY22
outlook
    ** The Landsberg am Lech-based firm now expects 23%-28%
growth in sales revenues, boosted by price increases coming into
effect and currency impacts, and an EBIT margin between 21.5%
and 22.5% for FY22
    ** "Huge surprise to us! Especially the raise in margin
should give shares a boost today" a local trader says
    ** Stock is seen at the top of the German mid-cap index
 .MDAXI 
    ($1 = 1.0351 euros)
 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))