Ringmetall SE raises dividend again after another record year

EQS-News: Ringmetall SE / Key word(s): AGM/EGM
Ringmetall SE raises dividend again after another record year
20.06.2023 / 17:17 CET/CEST
The issuer is solely responsible for the content of this announcement.

Ringmetall SE raises dividend again after another record year

  • High level of approval by the Annual General Meeting for all agenda items
  • Dividend increases by around 11 percent to 10 cents per share

Munich, 20 June 2023 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialist supplier in the packaging industry, held its 26th Annual General Meeting in Munich today. At the time of voting, 67.3 percent of the company's share capital of EUR 29,069,040.00 was represented (AGM 2022: 77.4 percent).

After another dynamic business development in 2022 with a significant increase in Group revenue by 23.9 percent to EUR 213.5 million and an increase in EBITDA by 6.3 percent to EUR 28.3 million, the Annual General Meeting voted in favor of a further increase in the dividend to a total of EUR 2,906,904.00 or EUR 0.10 per outstanding share (previous year: EUR 0.09 per share).

In addition to the agenda items regularly voted on at the Annual General Meetings concerning the appropriation of net income, the formal approval of the actions of the Management Board and Supervisory Board, the election of the auditor, and the approval of the compensation report, two amendments to the Articles of Association were voted on with regard to holding the Annual General Meetings in virtual form and the participation of the members of the Supervisory Board.

"Despite numerous external imponderables of a macroeconomic and political nature, 2022 was once again a very successful business year for the Ringmetall Group. We were able to further increase both revenue and EBITDA and close the year at record levels," underlines Christoph Petri, Spokesman of the Management Board of Ringmetall SE. "We are also taking advantage of the current environment for further acquisitions. Particularly noteworthy in this context is the acquisition of Protective Lining Corporation, completed at the beginning of 2023, with which we will now also implement our successful expansion in the inliners product area on the US market. "

In detail, the percentage of approval for the agenda items put to the vote was as follows:

Agenda item 2  99.98 percent
Agenda item 3a  99.94 percent
Agenda item 3b  99.91 percent
Agenda item 4  97.40 percent
Agenda item 5  97.41 percent
Agenda item 6  94.03 percent
Agenda item 7  98.34 percent
Agenda item 8  91.92 percent

Further information on the items on the agenda of the Annual General Meeting as well as on the Ringmetall Group and its affiliated subsidiaries can be found at www.ringmetall.de.

Ingo Middelmenne
Investor Relations
Ringmetall SE
Phone: +49 (0 )89 45 220 98 12
Mobile: +49 (0 )174 90 911 90
Email: middelmenne@ringmetall.de

About Ringmetall Group

Ringmetall is a leading international specialty supplier in the packaging industry. The Industrial Packaging business unit offers high-security closure systems and inner sleeves for industrial drums for the chemical, petrochemical, pharmaceutical, and food processing industries. The Industrial Handling Business Unit develops application-optimized vehicle attachments for handling and transporting packaging units. In addition to the Group headquarters in Munich, Ringmetall is represented by worldwide production and sales subsidiaries in Germany, Great Britain, Spain, Italy, Turkey, the Netherlands as well as China and the USA. Worldwide, Ringmetall generates revenue of around 210 million euros per year.


20.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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