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Rába to Achieve Goals for 2014, Presents Excellent Cash Flow Generation, and Low Net Loan Rate
Consolidated, group level sales of the company reached nearly HUF 34 billion in the first nine months of 2014, registering a 2.4 percent decrease compared to the base period of 2013. Last year's outstanding cash flow generation have seamlessly continued, and the value of Rába Group's EBITDA exceeded HUF 2.1 billion in the third quarter of 2014.
Rába: Significantly Growing Vehicle and Components Sales, Net Loan Holds at Low Rate
The company closed the first half of 2014 with consolidated, group level sales of HUF 26.9 billion, registering a 13.3 percent growth. The Components and the Vehicle Units contributed to the surge in sales figures with a marked increase of 22 and 330 percent respectively. The EBITDA level result of Rába Group exceeded HUF 2 billion, and having continued last year’s outstanding cash-flow generation, Rába generated HUF 1.6 billion cash in the first six months of 2014.
Volvo Group Governmental Sales (VGGS) signed an assembly agreement with Raba, for fire trucks
Volvo Group Governmental Sales (VGGS) signed an assembly agreement with Raba, for fire trucks
On Monday 28 July, Stefano Chmielewski, Chairman of Renault Trucks Defense (RTD), signed a contract in Versailles with Mr. Istvan Pinter, Chairman of Raba (Hungary), to assemble fire trucks for over a three-year period in the plants in Györ, the manufacturer's historical site.
Rába received a new order for hybrid buses
Rába Vehicle Ltd. signed an agreement about the delivery of 28 diesel-electric hybrid buses equipped with the most modern vehicle technology. The recently ordered bus fleet will be used in the public transport system of Budapest, which means that an already proven, sustainable, clean and green technology will appear on the roads of the Hungarian capital, bringing reduced noise levels.
Rába: Outstanding Cash-flow Generation Continues; Net Loan Reaches Record Low in Ten Years
Consolidated, group level sales of Rába Group reached HUF 11.8 billion in the first three months of 2014, registering a 3.5 percent increase compared to the base period of 2013. The company wrapped up the first quarter with an EBITDA exceeding HUF 1 billion and HUF 444 million worth of operating profit. Last year’s outstanding cash-flow generation continued this year with HUF 2 222 million, with net loan dropping to HUF 6.8 billion, a record low for the past ten years.
Rába’s AGM Acclaims Year 2013 That Brought Outstanding Results
The Annual General Meeting of Rába Plc. approved the management’s report on the year 2013 operation of the company. Rába concluded an outstanding business year in 2013, which was characterized by impressive financial results, a total comprehensive income amounting to HUF 2.69 billion and consolidated total assets of HUF 33 billion. The company’s two-figure revenue increase last year, considerably surpassing the average of the automotive industry, demonstrated that the customer-focused product development together with the stringent cost management laid a firm foundation for Rába’s sustainable growth.
New Orders from Europe
Rába Axle Ltd. has gained significant businesses on the European market. Starting in 2016, the company will supply new I-beam models to the continent’s leading truck manufacturers in an annual value of about EUR 18 million. The contracts strengthen Rába’s market positions in Europe and also contribute to the strong utilization of the refurbished manufacturing capacity.
Rába to Supply Chassis for Asphalt Pavers of the Market Leader German Manufacturer

Rába Vehicle Ltd. signed a supplier contract valid until the end of 2016 with Joseph Vögele AG, one of Europe’s leading construction vehicle manufacturers. Rába obtained the right to manufacture the chassis of the improved asphalt paver as a new supplier. The recently concluded agreement further strengthens the civil sales segment and provides an excellent reference for future market development of the Vehicle unit.

Components Business: Strengthening Positions on the European Car Market
The recently concluded agreement between Rába and German Kirchhoff Group carries a strategic significance for the Hungarian automotive company, whereby Rába supplies Western European passenger cars with 600 000 pieces of pressed components. The new contract generates annual sales revenue of HUF 500 million for the company’s Components Business Unit based in Mór, Hungary.
Renault Trucks Defense – Rába Vehicle Ltd. Memorandum of Understanding on Joint Production of Firefighting Vehicle Chassis
Volvo Group member Renault Trucks Defense and Rába Vehicle Ltd. signed a Memorandum of Understanding on joint development and production of firefighting vehicle chassis. The cooperation aimed at tapping into the opportunities provided by the Hungarian market is based on Renault’s state-of-the-art technology and Rába’s special competences, development and manufacturing capacities.