12.06.2019 Ringmetall Aktiengesellschaft  DE0006001902

DGAP-Adhoc: Ringmetall concludes its second acquisition in the inliner sector with the acquisition of Tesseraux


 

DGAP-Ad-hoc: Ringmetall Aktiengesellschaft / Key word(s): Takeover
Ringmetall concludes its second acquisition in the inliner sector with the acquisition of Tesseraux

12-Jun-2019 / 12:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Ringmetall concludes its second acquisition in the inliner sector with the acquisition of Tesseraux

Munich, 12 June 2019 - Ringmetall AG has successfully completed its second acquisition of a provider of so-called inliners. The notarization of the acquisition of Tesseraux Spezialverpackungen GmbH, headquartered in Bürstadt (Germany), took place today.

The company's products include aluminum liners, round bottom liners and bag-in-box systems. With the acquisition, Ringmetall has acquired one of the main competitors in the inliner sector, which also has a range of complementary products and technical production know-how. The acquisition underlines the strategy of consistently consolidating the market for inliners.

As part of the transaction, Ringmetall AG will acquire 100 percent of the business interest from the parent company SVD Verpackungen GmbH, based in Ahaus (Germany). Tesseraux generated sales of around EUR 8 million in 2018 with an EBITDA margin of around 13 percent. The company currently employs about 50 people and has no real estate holdings.

Regarding the purchase price, the two parties have agreed to secrecy. The underlying EBITDA multiplier is on the average level of past acquisitions of Ringmetall AG. The acquisition is financed via free agreed credit lines. The takeover of the business activities takes place as of 1 July 2019.

Furthermore, the parties have agreed to take over the form inliner division of SVD Verpackungen. The carve-out of the division is planned for the coming months. The business activities of Tesseraux will in future be bundled with the activities of the Group subsidiary Nittel in its own Group company. A managing director for the company has already been hired.

The company will publish a specification of the outlook for expected sales and earnings development in the current financial year, which also adequately reflects the effects of the acquisition of Tesseraux, with the publication of preliminary business development figures in the first half of mid/end of August 2019.


Information and Explanation of the Issuer to this News:

Further details on the acquisition will be discussed by the Management Board at 13:00 CET tomorrow, 13.06.2019, during a conference call for analysts, institutional investors and journalists. The registration for this is done via E-Mail via Mrs. Anja Brabec (brabec@ringmetall.de).

Contact:
Ingo Middelmenne
Investor Relations
Ringmetall AG

Phone: +49 (0)89 45 220 98 12
Mobile: +49 (0)174 90 911 90
Email: 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 around EUR 130 million per year.


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Language: English
Company: Ringmetall Aktiengesellschaft
Innere Wiener Str. 9
81667 Munich
Germany
Phone: 089 / 45 22 098 - 0
Fax: 089 / 45 22 098 - 22
E-mail: info@ringmetall.de
Internet: www.ringmetall.de
ISIN: DE0006001902
WKN: 600190
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 823307

 
End of Announcement DGAP News Service

823307  12-Jun-2019 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 48,30 46,50 65,83 66,68 94,35 102,35 110,57 118,00
EBITDA1,2 2,98 3,04 6,97 5,49 11,36 12,04 10,43 10,50
EBITDA-Marge3 6,17 6,54 10,59 8,23 12,04 11,76 9,43 8,90
EBIT1,4 1,05 0,32 2,95 1,42 6,39 10,04 8,28 5,95
EBIT-Marge5 2,17 0,69 4,48 2,13 6,77 9,81 7,49 5,04
Jahresüberschuss1 -1,19 -0,66 1,78 -0,17 2,67 7,14 5,16 3,60
Netto-Marge6 -2,46 -1,42 2,70 -0,25 2,83 6,98 4,67 3,05
Cashflow1,7 6,26 3,17 3,83 5,28 8,94 9,92 8,25 7,00
Ergebnis je Aktie8 -0,08 -0,03 0,09 -0.01 0,09 0,28 0,17 0,13
Dividende8 0,06 0,05 0,05 0,05 0,05 0,06 0,06 0,06
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Baker Tilly

INVESTOR-INFORMATIONEN
©boersengefluester.de
Ringmetall
WKN Kurs in € Einschätzung Börsenwert in Mio. €
600190 2,790 Kaufen 81,10
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,41 16,05 1,004 20,83
KBV KCV KUV EV/EBITDA
1,77 9,83 0,73 8,944
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,06 0,06 2,15 15.06.2020
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.05.2020 17.09.2020 07.11.2019 30.04.2020
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,61% -7,80% -3,13% -12,26%
    
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Beteiligungen , 600190 , HP3 , XETR:HP3