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RATIONAL AG
🇩🇪 Germany · MDAX · Commercial Kitchen Systems

RATIONAL AG Global commercial cooking leader

The global market and technology leader for intelligent cooking systems in commercial food preparation with an estimated 50% share of a large addressable market and flagship products iCombi, iVario, and iHexagon serving restaurants, hotels, hospitals, canteens, retail, and industrial catering worldwide.

RAA
Ticker
MDAX
Index
Foodservice
Sector
DE 🇩🇪
HQ
1973
Founded
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RATIONAL AG Investor Relations Video Hub

All CEO & CFO video presentations from RATIONAL AG filter by format below to find what you need.

RATIONAL AG Elevator Pitch | Success, Challenges & Future Growth with CEO
Elevator Pitch

RATIONAL AG Elevator Pitch | Success, Challenges & Future Growth with CEO

Discover RATIONAL AG’s stock market success with CEO Dr. Peter Stadelmann as he reflects on 25 years of growth customer value and future potential in this exclusive interview.

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RATIONAL commercial cooking systems
🍳
iCombi Systems
Intelligent combi-steamer cookers
🥘
iVario Multi-Function
Pan · fryer · kettle in one appliance
🔬
iHexagon Innovation
New-generation multi-zone platform
🌍
~50% Global Share
Category-defining market leader
Headquarters
RATIONAL AG
Siemensstr. 5, 86899 Landsberg am Lech
Company overview

Global commercial cooking leader

RATIONAL AG is the global market and technology leader for innovative cooking systems in commercial food preparation. The customer base ranges from restaurants and hotels, company canteens, hospitals, schools, universities, the military, prisons, and retirement homes to fast-food outlets, party services, supermarkets, bakeries, snack bars, butchers, petrol stations, and delivery services including so-called ghost kitchens. That breadth gives RATIONAL an exceptionally diversified end-market mix within the foodservice equipment category and structural resilience through cycles.

Market Potential and Innovation

The Company estimates the global market potential for combi-steamers at approximately 4.8 million customers, around 75% of whom still use traditional cooking appliances. With the iCombi, the iVario, and the iHexagon intelligent cooking systems, all of these traditional appliances can be replaced. This allows customers to improve the quality of their food, reduce energy and labour costs, and simplify kitchen operations underpinning a multi-decade product-substitution runway.

Services and Recurring Value

In addition to its cooking systems, RATIONAL offers a wide range of services for customers, including accessories, care products, spare parts, training, and technical services. This recurring, post-sale revenue stream complements the equipment cycle, deepens customer relationships, and supports the Group's premium margin profile.

Market Leadership & Financial Strength

The results of RATIONAL's unique customer-benefit philosophy are market leadership, growth, profitability, and stability. On a 2024 basis, the Group reported an estimated 50% global market share, sales revenues of approximately EUR 1.19 billion, EBIT of EUR 314 million (EBIT margin of ~26%), an equity ratio of 77%, and a long-term average payout ratio of around 70% a combination of high-teens ROIC, defensible market share, and consistent capital return that is unusual within the German industrial mid-cap universe.

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