Rába Automotive Holding Plc.'s taxable profit rose to HUF 6.346 billion in the first nine months of this year from HUF 31.730 million in the previous year, while sales revenue increased by 5.7% to HUF 40.660 billion in the same period , the Győr-based vehicle manufacturer announced on Wednesday on the website of the Budapest Stock Exchange (BSE)
According to the report, the company's sales revenue in the third quarter was HUF 11.837 billion, which represents an annual increase of 0.9%, while its after-tax profit jumped nearly eightfold, from HUF 480.065 million last year to HUF 4.210 billion. During the reporting period, other income also included revenue from the sale of two significant properties, which had a combined impact on earnings of HUF 7.932 billion.
EBITDA (earnings before interest, taxes, depreciation, and amortization) was HUF 9.639 billion in the first three quarters, compared to HUF 3.267 billion in the same period last year. EBITDA rose from HUF 1.444 billion in the third quarter of last year to HUF 5.455 billion.
The company's operating profit changed by 423.4% to HUF 7.317 billion in the first three quarters, while in the third quarter it increased by 452.2% to HUF 4.620 billion.
According to the information provided, the group's operating profit, adjusted for the effects of real estate sales, showed a loss of HUF 615 million.
The business portfolio of Rába Automotive Holding Plc. consists of four independent, interrelated business lines: axles, components, vehicles and powertrains.
The two largest subsidiaries contributed to the group-level sales result with a decline in turnover: Rába Axle Co. Ltd.'s sales revenue fell by 4.6% to HUF 26.67 billion, while Rába Automotive Components Ltd.'s turnover fell by 11.3% to HUF 10.6 billion. The turnover of Rekard Ltd. stagnated at HUF 1.719 billion, while the sales of Rába Vehicle Ltd. amounted to HUF 1.856 billion, which is a 15.9% increase compared to the same period of the previous year.
In the third quarter, Rába Axle Co. Ltd.'s sales revenue decreased by 1.8% to HUF 7.466 billion, while Rekard Kft.'s sales fell by 3.5% to HUF 409 million.
Rába Automotive Components Ltd. recorded sales of HUF 3.243 billion in the same period, representing an annual increase of 6.2%, while Rába Vehicle Ltd. saw its sales grow by 23.0% to HUF 759 million.
The report quotes Béla Hetzmann, Chairman and CEO of Rába Plc., who says that the steadily rising share price clearly reflects market confidence and confirms the steps taken in the recent period.
The arrival of a new investor, the continuous progress of the roof structure modernization under the Modernization Program, and the strategic steps that have been taken and are still ongoing are all factors that could open up a new growth path for the company, the Chairman and CEO pointed out.
According to the company, the medium-term effects of US customs regulations, the uncertainty surrounding the end of the Russian-Ukrainian war, and the high level of European manufacturing costs suggest that no significant positive shift is expected in the outlook for the European commercial vehicle market next year.
Rába Plc. shares are listed in the premium category of the Budapest Stock Exchange. The stock closed at HUF 3,840 on Wednesday. Over the past year, the highest price was HUF 4,700 and the lowest was HUF 1,215.












