Audited annual financial statements 2016 confirm preliminary results

- Group sales increase by 41.5 percent to EUR 94.4 million
- EBITDA more than doubled to EUR 11.4 million
- Consolidated net income climbs to EUR 2.3 million compared to EUR -0.6 million in the previous year

Munich, 30 May 2017 - Ringmetall AG (ISIN: DE0006001902), an internationally leading specialist in the packaging industry, confirms the provisional figures on the business development presented on 20 March with the testified annual financial statements 2016 published today. As previously reported, group sales rose by 41.5 percent to EUR 94.4 million (2015: EUR 66.7 million) while earnings before interest, taxes, depreciation and amortization (EBITDA) more than doubled to EUR 11.4 million compared to the previous year (2015: EUR 5.5 million). Consolidated net income rose to EUR 2.3 million in contrast to a loss of EUR 0.6 million in the previous year.

As a result, group sales were at the upper end of the expectations range published for 2016 of EUR 90.0 to 95.0 million, while EBITDA was in the middle of the published expectations range of EUR 11.0 to 12.0 million. The key indicators for business development in 2016 are as follows:

in EUR '000	2016	2015	Deviation
Group sales	94,345	66,678	41.5 %
Gross profit	41,780	31,209	33.9 %
EBITDA	11,359	5,451	108.4 %
EBITDA margin	12.0 %	8.2 %
EBIT	6,387	1,385	361.2 %
EBIT margin	6.8 %	2.1 %
Consolidated net income	2,320	-643

 

For the full year 2017, the Management Board of the Ringmetall Group expects an organic increase in group sales to EUR 98.0 to 103.0 million as well as an increase in EBITDA to EUR 11.5 to 13.0 million. The Management Board also expects to successfully complete one or two smaller acquisitions in the current financial year.

The complete audited financial statements 2016 in German are available for download on the company's website at www.ringmetall.de/investor-relations/finanzberichte. The company will publish the graphically designed annual report 2016 in German and English in June.

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

 

Contact:

Ingo Middelmenne
Investor Relations
Ringmetall AG

Phone: +49 (0)89 45 220 98 12
E-mail: middelmenne@ringmetall.de

About Ringmetall Group

Ringmetall is an internationally leading specialist in the packaging industry. The Industrial Packaging business segment offers highly secure gasket and locking systems for the chemical, the petrochemical and the pharmaceutical industry as well as the food industry. The Industrial Handling business segment develops application-optimized vehicle accessory parts for the handling and transport of packaging units. Besides its headquarters in Munich, Ringmetall has worldwide production and sales subsidiaries in Germany, Great Britain, Spain, Italy, Turkey, the Netherlands, as well as in China and the USA. On a global scale, Ringmetall generates revenues of more than EUR 90 million per year.