Ringmetall SE, DE000A3E5E55

Ringmetall SE, DE000A3E5E55

15.09.2022 - 07:23:24

Increased demand for inliners and in industrial handling brings Ringmetall further leap in growth in the second quarter

Revenues in the Industrial Packaging segment were again significantly impacted by the sharp rise in raw material prices, mainly steel and plastic granules.? On the other hand, the acquisitions HOSTO and Rhein-Plast also developed much better than expected. Overall, segment revenues increased by 48.7 percent to EUR 107.4 million (H1 2021: EUR 72.3 million). In the clamping rings product area, volumes in the European market decreased slightly, while they continued to increase in the North American market. Overall, sales volumes thus stagnated slightly above the level of the previous year following a significant increase in the previous quarters. There was a significant recovery in sales volumes in the inliner product area, which had recently seen rather subdued demand due to the pandemic. Here it was mainly beer tank inliners and bag-in-box systems where sales picked up noticeably. Segment EBITDA increased by 39.7 percent to EUR 18.0 million (H1 2021: EUR 12.9 million).

The Industrial Handling Segment recorded a significant surge in demand in the first half of the year. This shows that the segment can benefit from an emerging trend towards deglobalization, with large existing customers in particular placing additional orders with the business unit. Segment revenues consequently increased by 29.9 percent to EUR 7.8 million (H1 2021: EUR 6.0 million). While the surge in demand in the first quarter still led to an increase in scrap rates and thus a significant rise in costs due to a higher ratio of temporary workers, efficiency enhancement measures already resulted in a noticeably optimized cost situation in the second quarter. At EUR 0.7 million, EBITDA was correspondingly only 6.1 percent below the previous year (H1 2021: EUR 0.7 million) and is once again on a steady upward trend.

In detail, segment performance in the reporting period was as follows:

IFRS, in TEUR H1 2022 H1 2021 ? [abs.] ? [%] Industrial Packaging ? ? ? ? Revenues 107,432 72,271 35,161 48.7% Total output (GL) 109,057 73,009 36,048 49.4% EBITDA 17,956 12,854 5,102 39.7% EBITDA margin (on GL) 16.5% 17.6% ? ? Industrial Handling ? ? ? ? Revenues 7,819 6,018 1,801 29.9% Total output (GL) 8,471 6,061 2,410 39.8% EBITDA 702 748 -46 -6.1% EBITDA margin (on GL) 8.3% 12.3% ? ?

In the publication of 14 September, the company significantly raised its forecast for the development of revenues and earnings in the full year 2022. The Management Board of the Company came to this decision on the basis of the preliminary half-year figures, the preliminary business figures for the months of July and August, and the foreseeable business development in the month of September.

The adjusted forecast assumes consolidated revenues of between EUR 205 and 225 million (previously: EUR 180 to 200 million) and earnings before interest, taxes, depreciation and amortization (EBITDA) of between EUR 26 and 32 million (previously: EUR 22 to 27 million). In contrast to the original estimates for the development of the business area, the development of the clamping rings product area is only slightly weaker than the multi-year average. At the same time, however, the Inliner product area and the Industrial Handling business unit are developing much more dynamically than originally expected.

Details on the business development in the first half of 2022 will be discussed by the Management Board today at 4:00 p.m. CET in a conference call for analysts, institutional investors and journalists. To register for this, please contact Ms. Anja Brabec by e-mail (brabec@ringmetall.de).

For more information on the Ringmetall Group and its affiliated subsidiaries, please visit www.ringmetall.de.


Ingo Middelmenne Investor Relations Ringmetall SE Phone: +49 (0 )89 45 220 98 12 Mobile: +49 (0 )174 90 911 90 Email: middelmenne@ringmetall.de

About Ringmetall Group

Ringmetall is a leading international specialty supplier in the packaging industry. The Industrial Packaging business unit offers high-security closure systems and inner sleeves for industrial drums for the chemical, petrochemical, pharmaceutical, and food processing industries. The Industrial Handling Business Unit develops application-optimized vehicle attachments for handling and transporting packaging units. In addition to the Group headquarters in Munich, Ringmetall is represented by worldwide production and sales subsidiaries in Germany, France, Great Britain, Italy, the Netherlands, Spain, Turkey, as well as China and the USA. Worldwide, Ringmetall generates revenues of around EUR 220 million per year.

15.09.2022 CET/CEST 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 SE Innere Wiener Str. 9 81667 Munich

Germany Phone: 089 / 45 22 098 - 0 Fax: 089 / 45 22 098 - 22 E-mail: info@ringmetall.de Internet: www.ringmetall.de ISIN: DE000A3E5E55 WKN: A3E5E5 Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1442209 ? End of News DGAP News Service


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