Ringmetall Bounces Back: Optimistic Outlook for 2024 After Tough 2023

• Preliminary Group revenue for 2023 decreased by 15.0% to EUR 181.4 million.
• Preliminary EBITDA for 2023 decreased by 36.6% to EUR 17.9 million, partly due to the sale of a subsidiary.
• The weakened economic environment and subdued demand from key customer industries affected revenue.
• The company expects improved revenue and earnings performance in 2024 compared to 2023.
• The Executive Board's guidance for 2024 includes a revenue range of EUR 170 million to EUR 195 million and EBITDA range of EUR 20 million to EUR 27 million.
• The company remains confident in its financial position and sees opportunities for further acquisitions.

Ringmetall

-2,73 %

+0,57 %

-2,23 %

+10,38 %

-2,50 %

+21,03 %

-3,31 %

+124,04 %

+123,06 %

ISIN:DE000A3E5E55WKN:A3E5E5

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