DGAP-News

Ringmetall starts the year with substantial growth in sales and earnings

DGAP-News: Ringmetall Aktiengesellschaft / Key word(s): Quarter Results Ringmetall starts the year with substantial growth in sales and earnings 05.05.2017 / 07:00 The issuer is solely responsible for the content of this announcement. - Good order situation and a rise in the steel price lead to a significant increase in sales volumes   - Sales revenues in the first quarter rose significantly by 19.2 percent to 26.7 million euros   - EBITDA increases by 7.9 percent to EUR 3.2 million - In-house developments increase demand in the Industrial Handling division

Munich, 5 May 2017 - Ringmetall AG (ISIN: DE0006001902), a leading global specialist in the packaging industry, posted significant sales and earnings growth in the first quarter. In addition to increased demand for the company's products, the sharp rise in the steel price in particular had a positive effect on the company's sales performance.

According to the figures published today on the business developmet in the first quarter of 2017, consolidated sales rose significantly by 19.2 percent to EUR 26.7 million (Q1 2016: EUR 22.4 million). Gross profit increased by 13.6 percent to EUR 11.8 million (Q1 2016: EUR 10.4 million), although the gross profit margin of 44.3 percent was lower than in the previous year (Q1 2016: 46.5 percent). This correspondingly affected all other profit margins. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 3.2 million, an increase of 7.9 percent compared to the previous year (Q1 2016: EUR 3.0 million), whereas earnings before interest and taxes (EBIT) of EUR 2.1 million rose slightly stronger by 9.6 percent compared to the previous year (Q1 2016: EUR 1.9 million).

'The first quarter was very successful for us', says Christoph Petri, Spokesman of the Management Board of the Ringmetall Group. 'The rise in sales was largely due to the rise in steel prices. Nevertheless, we have been able to significantly improve our earnings. This is not least a sign that we can raise more and more synergies within the Group.'