DGAP-News: Ringmetall SE / Key word(s): Annual Results/Annual Report
Ringmetall closes record year 2021 with double-digit percentage organic growth and plans significant dividend increase
28.04.2022 / 07:00
The issuer is solely responsible for the content of this announcement.
Ringmetall closes record year 2021 with double-digit percentage organic growth and plans significant dividend increase
- Group revenues increase significantly by 46.1 percent to EUR 172.3 million
- Organic revenue growth of 10.5 percent overall in double digits for the first time
- Group EBITDA more than doubles year-on-year to EUR 26.6 million
- Dividend planned to rise by 50.0 percent to 9 cents per share
Munich, 28 April 2022 - Ringmetall SE (ISIN: DE0006001902), a leading international specialist supplier in the packaging industry, can look back in 2021 on the most successful year in its company history to date despite COVID-19, significant price increases for steel and other raw materials, and regionally partly limited availability of production-relevant raw materials. At EUR 172.3 million, Group revenues were up 46.1 percent on the previous year (2020: EUR 118.0 million), while EBITDA more than doubled to EUR 26.6 million (2020: EUR 12.2 million). Accordingly, the EBITDA margin in relation to total output increased significantly to 15.4 percent, compared to 10.4 percent in the previous year.
"In recent years, we have consistently geared the companies of the Ringmetall Group to quickly cope with changing market situations," explains Christoph Petri, Spokesman of the Management Board of Ringmetall SE. "Today, we are therefore reacting faster than ever to opportunities and risks in our daily business and have installed suitable systems to be prepared for changes at an early stage. Despite the numerous economic and political imponderables, our processes from purchasing to production and sales are functioning ever more efficiently. We are therefore optimistic that the successful development in 2021 will continue in the current fiscal year."
