24.07.2019 Ringmetall Aktiengesellschaft  DE0006001902

DGAP-Adhoc: Ringmetall lowers sales and earnings forecast for 2019


 

DGAP-Ad-hoc: Ringmetall Aktiengesellschaft / Key word(s): Profit Warning/Change in Forecast
Ringmetall lowers sales and earnings forecast for 2019

24-Jul-2019 / 16:54 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 lowers sales and earnings forecast for 2019

Munich, 24 July 2019 - According to first preliminary figures on revenue and earnings development in the second quarter of 2019 in connection with a current estimate of sales development in the second half of 2019, the Management Board of Ringmetall AG considers the forecast published in the Annual Report 2018 for business development in the full year 2019 to be too optimistic. The Management Board comes to this assessment also on the basis of current publications on the business expectations in central customer industries of Ringmetall's products, especially the chemical industry and the logistics sector. Signs of a lack of sales momentum were already apparent towards the end of the second quarter.

In conjunction with a conservative estimate of the sales development in the second half of 2019, the Management Board anticipates sales revenues in the range between EUR 115.0 and 125.0 million and earnings before interest, taxes, depreciation and amortization (EBITDA) between EUR 8.5 and 11.0 million for the full year 2019. The ranges include both the revenue and earnings contribution of Tesseraux GmbH, which was consolidated for the first time as of July 1, 2019, and effects resulting from the first-time application of IFRS 16. Cost adjustments have already been made to production capacities and the scope of temporary employment contracts has been reduced accordingly.

The Management Board continues to assess the company's medium-term prospects as positive and assumes that a possible economic slowdown will have a positive effect on the conditions of planned M&A activities.


Information and Explanation of the Issuer to this News:

The Management Board will be available for further information tomorrow, 25 July 2019, at 8:30 a.m. CET during a conference call for analysts, institutional investors and journalists. At https://events.arkadin.com/ev/docs/International%20Access%20Numbers_%20DETAU2.pdf all dial-in numbers are available. The PIN code of the conference call is 42524380#.

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 more than EUR 100 million per year.


24-Jul-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: 846269

 
End of Announcement DGAP News Service

846269  24-Jul-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 2,840 Kaufen 82,56
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,71 16,05 1,004 20,83
KBV KCV KUV EV/EBITDA
1,80 10,01 0,75 9,083
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,06 0,06 2,11 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
4,49% -6,18% -1,39% -13,68%
    
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Beteiligungen , 600190 , HP3 , XETR:HP3