Rational AG
RAA: XETR (DEU)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| P## | LOCK|vMdcc | LOCK|@$!B@#% |
Rational Earnings: Growth Trajectory Continues Backed by Record Order Intake; Shares Fairly Valued
Rational reported first-half earnings on Aug. 8, broadly in line with our expectations. Organic sales growth of 8% was accompanied by 26.5% EBIT margin, aided by tariff reimbursements. Management reiterated 2026 guidance of mid- to high-single-digit sales growth and EBIT margin between 25 and 26%.
