Ringmetall SE

HP3A

Equity

ISIN DE000A3E5E55 / Valor 113013007

Xetra (2024-12-23)

EUR 3.41+3.33%

Ringmetall SE
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About company

Ringmetall SE is a global leader in the packaging industry, specializing in Industrial Packaging Rings and Industrial Packaging Liners for various sectors including chemical, petrochemical, pharmaceutical, food, and logistics. With 17 production sites across seven countries and three continents, the company develops, produces, and markets product solutions. Ringmetall is recognized as the world market leader for drum clamping rings, boasting a market share of over 50 percent. The company, with over 800 employees, generates annual sales of nearly EUR 214 million through its subsidiaries, which operate independently under the Ringmetall Group umbrella. The holding structure, based in Munich, is focused on profitable growth and strategic orientation.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

Ringmetall SE reported a 15.0 percent decline in Group revenue for the financial year 2023, amounting to EUR 181.6 million. This decrease was influenced by subdued demand from key customer industries and a double-digit percentage fall in steel prices.

EBITDA Performance

For the financial year 2023, Ringmetall SE's earnings before interest, taxes, depreciation, and amortization (EBITDA) were EUR 19.2 million, representing a 32.3 percent decrease from the previous year. The EBITDA margin stood at 10.6 percent in relation to total operating performance.

Impact of Subsidiary Sale

The sale of Ringmetall SE's Group subsidiary HSM as of June 30, 2023, which included the Industrial Handling business division, contributed to a lower revenue base in the second half of the year. Adjusted for HSM's share of revenue, the decline in revenue was 12.1 percent.

Profitability and Workforce

Despite a noticeable reduction in production capacity utilization, Ringmetall SE decided not to cut back on its core workforce due to the shortage of skilled workers. This strategic decision aims to ensure the company can quickly ramp up production when the economic environment improves.

Outlook for 2024

Ringmetall SE's outlook for the financial year 2024 includes an expected Group revenue range of EUR 170 million to EUR 195 million and an EBITDA range of EUR 20 million to EUR 27 million. The company plans to make these forecasts more specific as the year progresses.

Summarized from source with an LLMView Source

Key figures

10.7%1Y

-26.0%3Y

22.7%5Y

Performance

46.6%1Y

47.2%3Y

45.7%5Y

Volatility