Rational stock trades at EUR 570.25 with minus 0.61 percent

Rational stock was trading at EUR 570.25 at Lang & Schwarz on September 30, 2026, at 2:00 p.m. CEST, down EUR 3.50 or minus 0.61 percent versus the prior close of EUR 573.75 on September 29, 2026. The commercial kitchen specialist delivered EUR 642 million in first-half 2026 revenue, with organic growth of 6 percent after currency effects, according to Yahoo Finance.

H1 revenue reaches EUR 642 million

Rational's second-quarter revenue increased 4 percent to EUR 324 million, while first-half EBIT rose 11 percent year over year to EUR 170 million. The EBIT margin reached 26.5 percent, helped by a EUR 14 million tariff refund linked to the US business, and stood at 24.3 percent excluding that refund, according to Yahoo Finance.

The figures show why margin quality matters alongside sales growth. Management kept its full-year outlook and expects the EBIT margin near the upper end of the 25 percent to 26 percent corridor, while full-year tariff costs are expected at EUR 28 million to EUR 29 million.

China sales fall 25 percent

Regional performance remains uneven. First-half North American revenue increased 4 percent to EUR 150 million, or 10 percent before currency effects, while China revenue fell 25 percent year over year, according to the Q2 earnings call.

Rational's product mix offers a counterweight to the China weakness: iCombi revenue rose 5 percent to EUR 562 million, while iVario revenue increased 14 percent to EUR 79 million. The company also reported that its first-half order backlog was EUR 10 million to EUR 15 million higher than at previous quarter ends.

UBS target remains EUR 805.00

On September 14, 2026, UBS kept its Buy rating and EUR 805.00 price target after discussions with Rational management. MarketScreener reported that the analyst highlighted North American growth potential and positive conditions in Europe.

Rational's market capitalization was EUR 6.5 billion on September 30, 2026. The Lang & Schwarz price was EUR 206.25 below the 52-week high of EUR 776.50, putting the focus on execution in North America and the recovery path in China.

Rational stock stays below its yearly high

Rational stock was trading at EUR 570.25 at Lang & Schwarz on September 30, 2026, at 2:00 p.m. CEST, with minus 0.61 percent versus the prior close of EUR 573.75. The company is scheduled to join the International Investment Forum on October 7, 2026, according to TradingView. Its next quarterly report is scheduled for November 5, 2026.

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