The Rába Group closed the business year 2016, which proved to be a milestone for the company, with consolidated sales of HUF 42.6 billion. The extremely low level of net borrowing, supporting the group’s financial basis, helped launch investments of strategic importance last year.
Rába has opened a new chapter in its history. Profitable operations and an active loan reduction paved the way for the development and implementation of an investment program that will shape the company’s future. Through the Hungarian Government’s Large Enterprise Investment Support Program the company utilizes additional funds to finance development.
The Rába Group closed the first nine months of 2016 with consolidated revenues of nearly HUF 29 million. The company’s outstanding cash-flow generation and the net loan well below the usual industry level help achieve the goals of the new strategic period.
Consolidated group level sales of the Rába Group reached HUF 20.5 billion in the first half of 2016. The company maintains its solid profitability this year thanks to its strategy facing the challenges of market volatility by diversification and its business relations. Rába has commenced a modernization investment in axle manufacturing based on a financial basis accumulated in the previous years, aiming at further growth potential in the company’s key markets.
Rába has strengthened its supplier position in Japan’s commercial vehicle market by signing a 5 year Agreement with Sojitz Corporation to continue to supply axle modules and main axle components for the Japanese OEM market.
The Rába Group wrapped up 2016 Q1 with more than HUF 9.5 billion consolidated sales. In the first three months of this year the company improved the competitiveness of its products and relying on its outstanding financial performance took the first steps to achieve its new strategic goals.
With an operating profit of nearly HUF 2.2 billion in 2015 Rába Automotive Holding Plc. has reached its second best performance of the past decade. Meanwhile, the company managed to decrease its debt by more than 80% reaching a record low level. This does not only expand opportunities for strategic investments, but also gives way to developments striving to the international market.
The 2015 development version of the S91 midibus, produced in an integrated cooperation of Hungarian and international companies headed by Rába and already tried and tested in a number of European countries, is soon to set out on a European presentation tour. The bus, equipped with a Euro 6 type engine, conforms to most stringent EU directives on emissions.
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.