Ringmetall Ends 2023 on a High Note, Exceeding Preliminary Predictions

• Ringmetall SE, a specialist supplier in the packaging industry, performed slightly better than expected in 2023 based on preliminary figures.
• The company's group revenue was down by 15.0 percent to EUR 181.6 million.
• EBITDA decreased by 32.3 percent to EUR 19.2 million, partially due to one-off deconsolidation effects of EUR -4.6 million from the sale of HSM.
• Operating cash flow increased by 20.0 percent to EUR 22.1 million.
• The company expects continued stabilization of business development for 2024.
• The company's Industrial Packaging division saw a revenue decline of 12.1 percent to EUR 173.3 million, while the Industrial Handling business division's revenue remained unchanged at EUR 8.3 million due to the sale of the Group subsidiary HSM.

Ringmetall

+5,03 %

-11,34 %

-2,55 %

+17,81 %

-2,27 %

+14,67 %

0,00 %

+137,07 %

+190,98 %

ISIN:DE000A3E5E55WKN:A3E5E5

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