Significant growth in the key segments

Rába group closed another successful business year in 2018: the group level sales revenue reached almost HUF 49 billion, evincing a 10.9 percent growth. Last year brought an enduring key market recovery, which contributed to the good results of all three business units.

Both the European and the overseas heavy truck and agricultural vehicle markets, which are of key importance to Rába, showed a considerable growth last year. The company met the increasing demand in those markets and in the Russian bus and heavy truck segments with a flexible manufacturing capacity.

All three business units of Rába contributed with positive figures to the HUF 1.75 billion operating profit at group level. Rába maintained the efficiency on sales level close to the industry’s average despite a drastic rise in the prices of raw materials and energy in 2018 Q1-Q4. The EBITDA profit amounted to almost HUF 3.8 billion last year.

Rába Group retained its solid liquidity position throughout 2018. As a result of the profitable and efficient operation, the company’s shareholders’ equity increased by 4.4 percent compared to the base period.

"Rába’s operation was supported by a significant market recovery in 2018, our company ended the last business year profitably with a revenue growth. However, we had to face the soaring costs of our manufacturing conditions, which were offset by flexible, efficient and customer driven production and stringent cost management." – said István Pintér, Chairman-CEO of Rába Automotive Holding Plc.