EQS-News: Ringmetall expands earnings margins in the first quarter against the background of declining steel prices
However, this was offset by a noticeable decline in steel prices compared to the first quarter of 2023, resulting in an overall decline of revenue in the product area.
- However, this was offset by a noticeable decline in steel prices compared to the first quarter of 2023, resulting in an overall decline of revenue in the product area.
- Almost all sales markets in both Europe and North America were robust, with sales volumes remaining largely unchanged.
- Exceptions to this were the weak development of demand in the UK and the noticeable increase in demand in the core market of Germany.
- However, the comparative decline in demand should be seen in the context of above-average demand in the previous year’s quarter.