RATIONAL (RAA) Q4 2023 earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2023 earnings summary
19 Oct, 2026Executive summary
FY 2023 revenue rose 10% to €1,126m; EBIT increased 17% to €277m, with EBIT margin up 1.4 percentage points to 24.6%.
Strong sales and favorable cost development supported higher profitability; commodity and logistics costs eased noticeably.
Financial highlights
Gross profit rose 13% to €639m; gross margin increased to 56.7% from 55.3%.
Operating expenses increased 9% to €359m; sales and service costs rose 8%, R&D 18%, and administration 11%.
Q4 2023 EBIT margin reached 26%.
Outlook and guidance
FY 2024 sales growth expected in the mid- to high-single-digit percentage range.
Gross profit expected to benefit from improved costs; operating costs forecast to rise slightly faster than revenue, with EBIT margin near the prior-year level.
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