RATIONAL AG: Global sales exceed $1 billion for the first time in the company's history.
For the first time in its 50-year history, RATIONAL, whose U.S. headquarters is in Rolling Meadows, achieved a global turnover of just over $1 billion in the FY 2022 with its iVario and iCombi cooking system lines. This corresponds to an increase of 31 percent compared to the previous year ($780 million).
Both product groups contributed to the growth. In the iCombi product group, sales growth is expected to be 28 percent compared to the previous year, thanks to the improving parts availability in the second half of the 2022. Sales in the iVario product group grew particularly well, with growth amounting to 57 percent.
The American markets stood out in terms of sales development, with high growth rates. "The North American market is becoming a leader for the company, with significant growth in the United States, Canada, and Mexico," said Simon Lohse, EVP of North America. "There is so much potential here. We have just begun to get the word out about our products, especially the iVario - and the market is already responding."
Lohse added, "Our success does not materialize on its own. Our business partners and our RATIONAL team members are among the best in the industry. Together, we faced many challenges during 2022, but we have built strong relationships with our partners in each of the three markets, and all contributed to this success."