RINGMETALL GROUP


Associated tags: Industrial, EUR, ISIN, EBITDA, Tax, Environment, Depreciation, Saskatchewan River Sturgeon Management Board

Locations: INGOLSTADT, DEUTSCHLAND, USA, GERMANY, ITALY, NETHERLANDS, TURKEY, FRANCE, CHINA, SPAIN

EQS-News: Ringmetall more confident about 2024 after a challenging 2023

Retrieved on: 
Tuesday, February 6, 2024

Based on preliminary business figures, Group revenue in 2023 amounts to EUR 181.4 million, which corresponds to a year-on-year decline of 15.0 percent (2022: EUR 213.5 million).

Key Points: 
  • Based on preliminary business figures, Group revenue in 2023 amounts to EUR 181.4 million, which corresponds to a year-on-year decline of 15.0 percent (2022: EUR 213.5 million).
  • Adjusted for HSM's share of revenue in the 2022 and 2023 financial years, the year-on-year decline in revenue amounted to -12.2 percent.
  • "In 2023, we further strengthened and internationalized Ringmetall through successful acquisitions," emphasizes Christoph Petri.
  • Further information on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de.

EQS-News: Ringmetall continues to perform well in increasingly recessionary environment

Retrieved on: 
Tuesday, November 7, 2023

"Due to the early cyclical nature of our clamping ring business, we have been preparing for a broader economic downturn since the beginning of the year.

Key Points: 
  • "Due to the early cyclical nature of our clamping ring business, we have been preparing for a broader economic downturn since the beginning of the year.
  • Therefore, overall we are coping well with the new environment.
  • "The stabilization of revenue in the third quarter at least gives us some hope that a large part of the downturn may already be behind us.
  • So the difficult economic environment is likely to keep us on our toes for a while yet."

EQS-News: Ringmetall braces itself against broader economic slowdown by optimizing production processes

Retrieved on: 
Saturday, September 16, 2023

However, by taking timely countermeasures since the beginning of the year, the Company has managed to master the current difficult business environment relatively well.

Key Points: 
  • However, by taking timely countermeasures since the beginning of the year, the Company has managed to master the current difficult business environment relatively well.
  • "We have been noticing the effects of the changed demand situation in the chemical industry since the end of 2022 in the form of declining order intake.
  • "However, we have adapted to this scenario as well as possible at an early stage, shedding temporary staff and optimizing our production capacity utilization as best we can.
  • The Company therefore assesses the overall development of the Group in the first half of the year as correspondingly satisfactory.

EQS-News: Ringmetall SE raises dividend again after another record year

Retrieved on: 
Tuesday, June 20, 2023

Munich, 20 June 2023 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialist supplier in the packaging industry, held its 26th Annual General Meeting in Munich today.

Key Points: 
  • Munich, 20 June 2023 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialist supplier in the packaging industry, held its 26th Annual General Meeting in Munich today.
  • At the time of voting, 67.3 percent of the company's share capital of EUR 29,069,040.00 was represented (AGM 2022: 77.4 percent).
  • "Despite numerous external imponderables of a macroeconomic and political nature, 2022 was once again a very successful business year for the Ringmetall Group.
  • We were able to further increase both revenue and EBITDA and close the year at record levels," underlines Christoph Petri, Spokesman of the Management Board of Ringmetall SE.

EQS-News: Ringmetall strengthens inliner product area through further acquisition in Germany

Retrieved on: 
Thursday, June 15, 2023

Acquisition of die Liner Factory GmbH & Co. KG based in Ahaus, Germany

Key Points: 
  • Acquisition of die Liner Factory GmbH & Co. KG based in Ahaus, Germany
    Munich, 15 June 2023 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialty supplier in the packaging industry, is strengthening its inliner product area with a further acquisition.
  • In addition to expanding its product range with further specialty inliners, Ringmetall is further consolidating the market for beer tank inliners via the acquisition, in which the company is already the world's largest supplier.
  • As part of the acquisition, effective 1 June 2023, Ringmetall Group will acquire Liner Factory GmbH & Co. KG based in Ahaus, Germany.
  • The expected annualized revenue growth from the acquisition amounts to around EUR 6 million with an EBITDA margin that is currently still slightly below average.

EQS-News: Ringmetall can only partially compensate for declining demand for clamping rings in the first quarter of 2023 via other product areas

Retrieved on: 
Thursday, May 4, 2023

This has a direct impact on the demand for industrial packaging and thus also on the demand for clamping rings," explains Christoph Petri, CEO of Ringmetall SE.

Key Points: 
  • This has a direct impact on the demand for industrial packaging and thus also on the demand for clamping rings," explains Christoph Petri, CEO of Ringmetall SE.
  • "Even though the decline in revenue in the first quarter is significant, we anticipated such a development as part of our forecast.
  • The decline in revenue in the Rings product area was more pronounced than in the segment as a whole.
  • In the Inliners product area, demand continued to rise, above all for packaging for the beverage and food industries.

EQS-News: Ringmetall closes record year 2022 solidly and confirms annual outlook 2023

Retrieved on: 
Friday, April 28, 2023

The Industrial Packaging segment increased its revenue by 23.4 percent to EUR 197.2 million (2021: EUR 159.7 million).

Key Points: 
  • The Industrial Packaging segment increased its revenue by 23.4 percent to EUR 197.2 million (2021: EUR 159.7 million).
  • Segment EBITDA increased by 2.4 percent to EUR 30.3 million (2021: EUR 29.6 million).
  • This led to an overall decline in volumes in the Rings product area.
  • Segment revenue increased by 30.1 percent to EUR 16.3 million (2021: EUR 12.6 million).

EQS-News: Ringmetall sees signs of economic slowdown in final quarter of record year 2022

Retrieved on: 
Monday, February 13, 2023

Preliminary Group revenues in 2022 amounted to EUR 213.3 million, which corresponds to a year-on-year increase of 23.8 percent (2021: EUR 172.3 million).

Key Points: 
  • Preliminary Group revenues in 2022 amounted to EUR 213.3 million, which corresponds to a year-on-year increase of 23.8 percent (2021: EUR 172.3 million).
  • This proves once again how diversified Ringmetall is today," explains Christoph Petri, CEO of Ringmetall SE.
  • Overall, we can nevertheless look back on a very successful fiscal year 2022, in which Ringmetall grew once again."
  • So, with average organic growth in 2023, we will have to stretch ourselves quite a bit to match 2022.

EQS-News: Ringmetall expands into the US market for inliners through acquisition of Protective Lining Corporation

Retrieved on: 
Sunday, January 22, 2023

In the course of an asset deal, the business operations of Protective Lining Corporation, based in New York, NY (USA), were acquired as of 6 January 2023.

Key Points: 
  • In the course of an asset deal, the business operations of Protective Lining Corporation, based in New York, NY (USA), were acquired as of 6 January 2023.
  • Nevertheless, Protective Lining has an optimal market positioning to further advance the expansion of the Ringmetall Group on the North American market.
  • "The opportunity for this acquisition arose against the background of an unresolved succession situation," confirms Christoph Petri, Spokesman of the Management Board of Ringmetall SE.
  • "Protective Lining has the ideal company size and market positioning for us to be able to grow quickly and profitably into the market for inliners in the USA via the acquisition and to drive the further consolidation of the market."

EQS-News: Ringmetall marks further revenue and earnings record despite generally difficult environment

Retrieved on: 
Thursday, November 3, 2022

- Generally difficult environment noticeable, but still manageable; outlook confirmed

Key Points: 
  • - Generally difficult environment noticeable, but still manageable; outlook confirmed
    Munich, 2 November 2022 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialist supplier in the packaging industry, continues to come through the generally difficult economic environment very well overall.
  • Although the course of business in individual regions was certainly marked by noticeable headwinds, the company also achieved new record figures in revenue and earnings in the first nine months of the year.
  • Group revenue increased by 34.7 percent to EUR 170.3 million in the first nine months (9M 2021: EUR 126.4 million).
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) recorded an increase of 24.9 percent to EUR 24.2 million (9M 2021: EUR 19.4 million).