ISIN:DE000A3E5E55

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

Retrieved on: 
Tuesday, February 6, 2024
Chemical industry, Environment, HSM, Tax, Protection, Depreciation, Sale

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
HSM, Sale, Tax, Chemical industry, Industrial, ISIN, Hope, EBITDA, Saskatchewan River Sturgeon Management Board, Acquisition, Environment, Ring, Inline process refractometer, The, EUR, Depreciation

"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
Saskatchewan River Sturgeon Management Board, Tax, Consumer, HSM, Sale, EUR, EBITDA, Chemical industry, Growth, ISIN, SE, Depreciation, Industrial, Environment, Retail

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
Financial Oversight and Management Board for Puerto Rico, Protection, Annual, Supervisory board, AGM, Article, EUR, Acquisition, ISIN, Environment, Articles of association, Annual general meeting, Security (finance), Film industry, EBITDA

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
Radiation, PE, Oxygen, Beer, Nittel, Liners, EUR, EBITDA, Acquisition, UV, ISIN, Security (finance), Tire manufacturing

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.