EQS-News: Acquisitions remain key growth driver for Ringmetall in 2024

Acquisitions remain key growth driver for Ringmetall in 2024

• Preliminary Group revenue for 2024 up 0.9 percent on the previous year at EUR 174.9 million on a comparable basis, mainly due to significantly lower raw material prices
• Preliminary EBITDA increases by 1.7 percent to EUR 23.7 million on a comparable basis
• Guidance for full year 2024 met in terms of revenue and earnings despite recessionary environment

Munich, 6 February 2025 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialist supplier in the packaging industry, closed the year 2024 in line with expectations based on preliminary business figures. Against the backdrop of an overall recessionary environment, successful company acquisitions once again contributed to the overall positive business performance.

At EUR 174.9 million, preliminary Group revenue in 2024 was 0.9 percent above the previous year's level (2023, adjusted for HSM's contribution to revenue: EUR 173.3 million). A significant decline in raw material prices over the course of the year, particularly for steel, had a noticeably weakening effect on revenue development. The generally weak economic environment, particularly in the core markets of Europe, also led to a slight organic decline in business development. On the other hand, company acquisitions once again had a noticeably positive effect on Group revenue.

From a regional perspective, business development in the USA in particular was consistently good. Demand on the Chinese market can also be described as good overall. While individual markets in Southern Europe developed satisfactorily, the situation in the other European markets was rather gloomy and characterized by recessionary trends, particularly on the German market. Demand from the chemical industry continued to weaken across all product groups, while the pharmaceutical and food-producing sectors reported a stable order situation overall. Accordingly, liquid and large container liners also tended to show a noticeable increase in demand compared to the previous year.

At EUR 23.7 million, preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) were up 1.7 percent on the previous year (2023, adjusted for the one-off effect from the sale of HSM: EUR 23.3 million). In addition to consistent cost management, a positive one-off effect in the form of a bargain purchase in the amount of EUR 1.3 million from the acquisition of FIB Beer Systems in November 2024 also contributed to the positive earnings trend.

“Even though our organic business development is understandably characterized by the generally stagnating to recessive economic environment, it is once again evident that Ringmetall regularly succeeds in achieving veritable inorganic growth through intelligent acquisitions,” emphasizes Christoph Petri, Spokesman of the Management Board of Ringmetall SE. “The synergies we leverage in the course of integrating these acquisitions enable us to grow faster than our underlying markets in the medium term and achieve sustainably attractive profit margins.”

Compared to the guidance for the full year 2024, which assumed consolidated revenue in the range of EUR 170 to 185 million and EBITDA in the range of EUR 22 to 27 million, the Company closed the year as a whole at the lower end of the guidance range. In view of the economic and political uncertainties, the Management Board is forecasting Group revenue in the range of EUR 180 to 200 million and EBITDA in the range of EUR 21 to 28 million for the current financial year 2025. The guidance is based on unchanged raw material prices and exchange rates compared to 31 December 2024. It does not include the effects of acquisitions intended in the further course in the year, including the related transaction costs.

Further information on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de.

Contact:
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 specialist supplier of industrial packaging. The company produces high-security closure systems and inner liners for industrial drums for the chemical, pharmaceutical and food processing industries. Ringmetall also offers innovative packaging solutions for the beverage industry. With products that are highly recyclable, the company contributes to strengthening the circular economy and the sustainability of its end customers. In addition to its headquarters in Munich, the Group is represented by global production and sales offices in Germany, Finland, France, the UK, Italy, the Netherlands, Poland, Spain, Turkey, China and the USA.