NEWS
2017.11.15
Recovering markets – implementation of investment program in focus
The Rába Group closed 2017 Q3 with consolidated revenues of nearly HUF 31 billion, realizing a 6.4 percent increase in turnover. The continued excellent figures were supported by recovering key markets in the first nine months of this year.

All major market segments of Rába showed an increased activity. The European market, which remains in the focus of the company, performed solidly, and the overseas truck and the global agricultural axle segments showed signs of recovery, which Rába reacted to with a flexible and profitable operation.

Rába retained its outstanding productivity in 2017 Q3 – the group level operating profit amounted to more than HUF 1 billion, which corresponds to a 36.8 percent rise compared to last year. The continued excellent cash generating ability of the company is manifest in the fact that despite a price hike of raw materials Rába maintained the 8.3 percent efficiency on sales level of the base period. Owing to this the EBITDA profit reached HUF 2.5 billion exceeding last year’s result by HUF 160 million. All business units of the group contributed to the remarkable figures with positive EBITDA and operating profits.

The Rába Group’s financial situation in 2017 Q3 was characterised by a stable liquidity position. The net loan of the company remained below the average level of the automotive industry. As a result of the profitable and efficient operation, in 2017 Q3 the company’s shareholders’ equity increased by 7.4 per cent compared to the base period.


"The market changes and increasing activity affecting the automotive industry have demanded continuous and flexible responses on the part of Rába. Our solid financial results enable us to carry out our major investment program, started last year, in a timely manner, while concentrating on the areas that are decisive in the long run. Furthermore, we’ve managed to meet the appreciably growing market demands to a high standard, thanks to the already completed technology upgrades that have helped increase our productivity and efficiency", said István Pintér, Chairman-CEO of Rába Automotive Holding Plc.