The annual general meeting of Rába Holding Plc. approved the management’s report on the year 2015 operation of the company. Rába Group concluded the business year 2015 with a total comprehensive income amounting to nearly HUF 2 billion and consolidated total assets of HUF 34.5 billion. The AGM gave its consent to the company’s high-value investment program aiming at the improvement of the Axle Unit’s competitiveness ending in 2019.
Consolidated group level sales of Rába Group exceeded HUF 46 billion in 2015, with the company having announced several new, successful business developments. All three business units of the holding improved their profitability, owing to which – together with a record low level of loan – the company markedly increased its equity opening the way to the attainment of important developments.
Rába Group wrapped up 2015 Q3 with nearly HUF 33 billion consolidated sales. Outstanding cash-flow generation have continued this year, and the net loan that stabilized on a level significantly lower than those of the previous years has had a positive effect on the company’s finances, and by supporting Rába’s future plans also opens up new growth potentials.
Consolidated group level sales of Rába Group reached HUF 24.5 billion in the first half of 2015. The EBITDA, rising by almost 14 per cent and showing the efficiency of cash-flow generation, surpassed the figures of the base period in terms of sales efficiency and volume, and Rába’s all other performance indicators also signal a profitable financial management in the first half of this year.
In line with the company’s goals set for 2014 the consolidated, group level reached almost HUF 48 billion. The EBITDA, which shows the efficiency of cash-flow generation, substantially exceeded the result of the base period in the last quarter.
The recently concluded agreement between Rába and German Kirchhoff Group carries a strategic significance for the Hungarian automotive company, whereby Rába supplies Western European passenger cars with 600 000 pieces of pressed components. The new contract generates annual sales revenue of HUF 500 million for the company’s Components Business Unit based in
The companies of Raba Group will be officially closed during the winter shutdown period as follows:
Raba Plc. (central office - Holding): 20 December, 2013 - 5 January, 2014
Raba Axle Ltd.: 20 December, 2013 - 5 January, 2014
Raba Vehicle Ltd.: 21 December, 2013 - 5 January, 2014
Raba Automotive Components Ltd.
- Mór 23 December, 2013 - 1 January, 2014
- Sárvár 21 December, 2013 - 5 January, 2014