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27.06.2016 13:41:36
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DGAP-News: Ringmetall Aktiengesellschaft
DGAP-News: Ringmetall clearly increases revenues and earnings after acquisition
27.06.2016 / 13:41 The issuer is solely responsible for the content of this announcement.
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- New revenues and earnings dimension following first-time consolidation of Self Industries
- Ingo Middelmenne launches Investor Relations department for Ringmetall
- Attractive market conditions for further acquisitions
Munich, 27 June 2016 - Ringmetall AG (ISIN: DE0006001902), an internationally leading specialist in the packaging industry, today for the first time announced revenues and earnings figures about the business development in the first quarter 2016 on the basis of the new corporate structure. Against the background of the acquisition of the US-based company Self Industries, which was successfully conducted late 2015, Ringmetall Group grew decisively in revenues and earnings in the first quarter of 2016.
Therefore revenues increased 35.9 percent to EUR 22.4 million (Q1 2015: EUR 16.5 million). The gross margin improved from 48.5 percent to 51.5 percent. Accordingly earnings before interest, taxes, depreciation and amortization (EBIDTA) rose disproportionately stronger by 76.9 percent to more than EUR 3.0 million (Q1 2015: EUR 1.7 million), as well as the earnings before interest and taxes (EBIT), which accelerated by 114.7 percent to EUR 1.9 million (Q1 2015: EUR 0.9 million).
'With the first-time consolidation of our US-subsidiary Self Industries, Ringmetall Group grew into a whole new dimension', Christoph Petri, spokesperson of the Managing Board of Ringmetall Group, emphasizes. 'Furthermore despite decreasing steel prices, we managed to increase our revenues in our existing business in comparison to previous year's quarter.'
The most relevant key figures regarding the business development in the first quarter of 2016 are as follows:
in TEUR Q1 2016 Q1 2015 change Revenues 22,369 16,456 35.9% Gross profit 11,510 7,979 44.3% EBITDA 3,008 1,700 76.9% EBIT 1,879 875 114.7%
In the Industrial Packaging business segment, which was directly affected by the acquisition of Self Industries due to the integration into Berger Group, revenues increased by 50.9 percent compared to the previous year to EUR 18.4 million (Q1 2015: EUR 12.2 million). The EBITDA of the segment rose by 72.2 percent to EUR 3.2 million (Q1 2015: EUR 1.8 million).
The revenues of the Industrial Handling business segment amounted to EUR 3.9 million and thus 7.3 percent below previous year's level (Q1 2015: EUR 4.2 million). Due to a higher gross margin and cost savings, the EBITDA amounting to EUR 0.25 million was 11.2 percent above previous year (Q1 2015: EUR 0.22 million).
Against the background of increased interest of capital market participants in Ringmetall Group, the company will now professionalize its communication with investors and build-up an internal Investor Relations department. The company assigned experienced interim manager Ingo Middelmenne, MD of the management consultancy Middelmenne & Cie., to initially set-up the department. 'Ringmetall will continue to grow. A regular and transparent communication with our investors is thus very important to us', spokesperson Petri underlines. 'With Mr. Middelmenne, an experienced manager joins our team, who will position our company even better in the markets. In his position as Head of Investor Relations he will support us in building up the necessary internal and external structures and accompany us on our path into the regulated market of Deutsche Börse, which is planned mid-term.'
Furthermore the Managing Board see positive effects of the current market environment on further acquisitions of smaller scale. 'We will continue to use our predominant market position in the area of clamping rings production and the stable and sustained cash flows resulting from this, to strengthen our group's product pipeline with attractive acquisitions', Konstantin Winterstein, Chief Officer Operations & Technology, explains. 'We are currently in advanced discussions with a couple of interesting companies and are evaluating the economic and technologic attractivity of further M&A deals.'
Further information about Ringmetall Group and its affiliated companies can be found at www.ringmetall.de.
About Ringmetall Group
Ringmetall is an internationally leading specialist in the packaging industry. The Industrial Packaging business segment offers highly secure gasket and locking systems for the chemical, the petrochemical and the pharmaceutical industry as well as the food industry. The Industrial Handling business segment develops application-optimized vehicle accessory parts for the handling and transport of packaging units. Besides its headquarters in Munich, Ringmetall has worldwide production and sales subsidiaries in Germany, Great Britain, Spain, Italy, Slovakia, Turkey, the Netherlands, as well as in China and the USA. On a global scale, Ringmetall generates revenues of more than EUR 90 million per year.
Further information is available at www.ringmetall.de.
Contact: Ingo Middelmenne Head of Investor Relations Ringmetall AG +49 89 45 22 098 - 12 middelmenne@ringmetall.de
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27.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: Ringmetall Aktiengesellschaft Mannhardtstr. 6 80538 München Germany Phone: 089 / 45 22 098 - 0 Fax: 089 / 45 22 098 - 22 E-mail: info@ringmetall.de Internet: www.ringmetall.de ISIN: DE0006001902 WKN: 600190 Listed: Regulated Unofficial Market in Berlin; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service ---------------------------------------------------------------------------
474659 27.06.2016
DGAP-News: Ringmetall Aktiengesellschaft / Key word(s): Quarter Results Ringmetall clearly increases revenues and earnings after acquisition
27.06.2016 / 13:41 The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- New revenues and earnings dimension following first-time consolidation of Self Industries
- Ingo Middelmenne launches Investor Relations department for Ringmetall
- Attractive market conditions for further acquisitions
Munich, 27 June 2016 - Ringmetall AG (ISIN: DE0006001902), an internationally leading specialist in the packaging industry, today for the first time announced revenues and earnings figures about the business development in the first quarter 2016 on the basis of the new corporate structure. Against the background of the acquisition of the US-based company Self Industries, which was successfully conducted late 2015, Ringmetall Group grew decisively in revenues and earnings in the first quarter of 2016.
Therefore revenues increased 35.9 percent to EUR 22.4 million (Q1 2015: EUR 16.5 million). The gross margin improved from 48.5 percent to 51.5 percent. Accordingly earnings before interest, taxes, depreciation and amortization (EBIDTA) rose disproportionately stronger by 76.9 percent to more than EUR 3.0 million (Q1 2015: EUR 1.7 million), as well as the earnings before interest and taxes (EBIT), which accelerated by 114.7 percent to EUR 1.9 million (Q1 2015: EUR 0.9 million).
'With the first-time consolidation of our US-subsidiary Self Industries, Ringmetall Group grew into a whole new dimension', Christoph Petri, spokesperson of the Managing Board of Ringmetall Group, emphasizes. 'Furthermore despite decreasing steel prices, we managed to increase our revenues in our existing business in comparison to previous year's quarter.'
The most relevant key figures regarding the business development in the first quarter of 2016 are as follows:
in TEUR Q1 2016 Q1 2015 change Revenues 22,369 16,456 35.9% Gross profit 11,510 7,979 44.3% EBITDA 3,008 1,700 76.9% EBIT 1,879 875 114.7%
In the Industrial Packaging business segment, which was directly affected by the acquisition of Self Industries due to the integration into Berger Group, revenues increased by 50.9 percent compared to the previous year to EUR 18.4 million (Q1 2015: EUR 12.2 million). The EBITDA of the segment rose by 72.2 percent to EUR 3.2 million (Q1 2015: EUR 1.8 million).
The revenues of the Industrial Handling business segment amounted to EUR 3.9 million and thus 7.3 percent below previous year's level (Q1 2015: EUR 4.2 million). Due to a higher gross margin and cost savings, the EBITDA amounting to EUR 0.25 million was 11.2 percent above previous year (Q1 2015: EUR 0.22 million).
Against the background of increased interest of capital market participants in Ringmetall Group, the company will now professionalize its communication with investors and build-up an internal Investor Relations department. The company assigned experienced interim manager Ingo Middelmenne, MD of the management consultancy Middelmenne & Cie., to initially set-up the department. 'Ringmetall will continue to grow. A regular and transparent communication with our investors is thus very important to us', spokesperson Petri underlines. 'With Mr. Middelmenne, an experienced manager joins our team, who will position our company even better in the markets. In his position as Head of Investor Relations he will support us in building up the necessary internal and external structures and accompany us on our path into the regulated market of Deutsche Börse, which is planned mid-term.'
Furthermore the Managing Board see positive effects of the current market environment on further acquisitions of smaller scale. 'We will continue to use our predominant market position in the area of clamping rings production and the stable and sustained cash flows resulting from this, to strengthen our group's product pipeline with attractive acquisitions', Konstantin Winterstein, Chief Officer Operations & Technology, explains. 'We are currently in advanced discussions with a couple of interesting companies and are evaluating the economic and technologic attractivity of further M&A deals.'
Further information about Ringmetall Group and its affiliated companies can be found at www.ringmetall.de.
About Ringmetall Group
Ringmetall is an internationally leading specialist in the packaging industry. The Industrial Packaging business segment offers highly secure gasket and locking systems for the chemical, the petrochemical and the pharmaceutical industry as well as the food industry. The Industrial Handling business segment develops application-optimized vehicle accessory parts for the handling and transport of packaging units. Besides its headquarters in Munich, Ringmetall has worldwide production and sales subsidiaries in Germany, Great Britain, Spain, Italy, Slovakia, Turkey, the Netherlands, as well as in China and the USA. On a global scale, Ringmetall generates revenues of more than EUR 90 million per year.
Further information is available at www.ringmetall.de.
Contact: Ingo Middelmenne Head of Investor Relations Ringmetall AG +49 89 45 22 098 - 12 middelmenne@ringmetall.de
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27.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Ringmetall Aktiengesellschaft Mannhardtstr. 6 80538 München Germany Phone: 089 / 45 22 098 - 0 Fax: 089 / 45 22 098 - 22 E-mail: info@ringmetall.de Internet: www.ringmetall.de ISIN: DE0006001902 WKN: 600190 Listed: Regulated Unofficial Market in Berlin; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service ---------------------------------------------------------------------------
474659 27.06.2016
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