The success of the company’s focused and consistent growth strategy is proven by the fact that Rába achieved one of the best business results of the past period in 2012. The group’s consolidated sales revenues increased by 7.5% compared to the base period and amounted to HUF 42 billion. The driving force of the growth once again was the excellent performance of the Axle Business Unit. The Rába Group wrapped up 2012 with a total aggregate income of HUF 1.35 billion.

A significant, 17.9 percent increase brought HUF 31.1 billion in revenues for Rába in the first nine months of 2012. The Axle Business Unit continues to be the flagship business of the Group, attaining a 24.5 percent growth compared to the base period of 2011. The financial results of both the Components and the Vehicle Units also improved. The 38 percent growth in EBITDA signals that Rába Group is on the right track to meet its targets for 2012.

Please be informed that the central office of Raba Plc. and Raba Axle Ltd. will be officially closed during the following working days: 29-31 October, 2012.

 

The Board of Directors of Rába Plc. has reviewed the medium term strategy of the corporate group and the business units and confirmed the strategic directions for 2011-2015. Axle business unit remains the core business of the group. As regards the Vehicle business unit, the Board considers the possible extension of the strategic product portfolio.

The companies of Raba Group will be officially closed during the summer shutdown period as follows: 

Raba Plc. (central office - Holding):     13-20 August, 2012 

Raba Axle Ltd.:                                          13-20 August, 2012

Raba Vehicle Ltd.:                                     6-20 August, 2012

Raba Automotive Components Ltd.
- Mór                                                            16-26 August, 2012

- Sárvár, Esztergom                                 13-26 August, 2012

In Q1 of 2012, the Company at group level registered sales of nearly HUF 10 billion, which is an increase of more than 6 per cent compared to the same period of 2011. All of Rába’s business registered a positive operating result, exceeding last year’s level. EBITDA increased by an outstanding 70 per cent amounting to HUF 648 million. The Rába group generated a positive net profit during Q1 of 2012.

In 2011 the company at group level registered sales in the amount of HUF 39.3 billion, with a growth of 9.9 per cent, against HUF 35.8 billion in 2010.  Such increase is a tribute to the nearly 15% increase of the Axle business and to the 11 per cent increase in the Component business and to the decline by 11% in the performance of the Vehicle business. The operating profit nearly doubled in 2011, and amounted to a profit of HUF 1,640 million through an increase by HUF 781 million. All of Rába’s business registered a positive operating result, the profitability of the Axle and the Component businesses increased compared to the previous year. EBITDA increased by 23.4%, amounting to HUF 3,846 million. The profit after taxation was HUF 465 million in 2011.

The companies of Raba Group will be officially closed during the winter shutdown period as follows: 

Raba Plc. (central office - Holding):      27 December, 2011 - 1 January, 2012 

Raba Vehicle Ltd.:                                     19 December, 2011 - 1 January, 2012

Raba Axle Ltd.:                                          27 December, 2011 - 1 January, 2012

Raba Automotive Components Ltd.
- Mór                                                            19 December, 2011 - 1 January, 2012

- Sárvár                                                      27 December, 2011 - 1 January, 2012 

The companies of Raba Group (central office of Raba Plc., Raba Axle Ltd., Raba Automotive Components Ltd., Mór) will be officially closed during 8-21 August, 2011.

As a further result of its comprehensive innovation programme Raba Plc. opened its new Technology Centre. The 4400 sqm test and technological demonstration centre equipped with the most advanced technology was inaugurated by Dr. Csaba Hende, Minister of Defense of Hungary. The R&D centre will provide experimental background primarily for the intensive product development focusing on the strategic segments in the axle business unit. In its visitor centre the company exhibits the most significant products of its past 115 years.