21.09.2016 Ringmetall Aktiengesellschaft  DE0006001902

DGAP-News: Ringmetall highlights strong earnings and cash flow in the first half of 2016


 
DGAP-News: Ringmetall Aktiengesellschaft / Key word(s): Half Year Results/Interim Report Ringmetall highlights strong earnings and cash flow in the first half of 2016 21.09.2016 / 08:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Consolidated sales rise by 42.4 percent to EUR 48.2 million - EBITDA increases by 60.3 percent to EUR 7.0 million - Operating cash flow increases by 56 percent to EUR 6.4 million Munich, 21 September 2016 - Ringmetall AG (ISIN: DE0006001902), an internationally leading specialist in the packaging industry, continued its dynamic organic and inorganic growth in the first half of the fiscal year. Due to the acquisition of the American subsidiary Self Industries at the end of 2015, the consolidated sales and result increased significantly. Compared to the same period in the previous year, sales revenues rose by 42.4 percent to EUR 48.2 million (H1 2015: EUR 33.9 million). Due to the differing accounting standards for the American subsidiary Self Industries, the gross margin declined slightly to 45.1 percent from 48.1 percent in the first half of 2015. In order to adapt production as flexibly as possible to the demand in the American market, the company employs a number of temporary workers. However, these costs are not allocated to personnel costs, but are booked as sub-items in material costs, which resulted in a corresponding reduction in the gross margin in the first half of the year. Earnings before interest, taxes, depreciation and amortization increased by 60.3 percent to EUR 7.0 million (H1 2015: EUR 4.3 million), while earnings before interest and taxes (EBIT) rose by 82.6 percent to EUR 4.4 million (first half of 2015: EUR 2.4 million). The operating cash flow (Earnings before taxes plus depreciation) was raised by 56 percent to EUR 6.4 million (H1 2015: EUR 4.1 million). 'In the first half of the year, the results of the Ringmetall Group were at the upper end of the expected range. We are very pleased with this performance, particularly in view of the flawless integration of our American subsidiary Self Industries,' explained Christoph Petri, spokesperson of the management board of the Ringmetall Group. 'At the same time the clearly higher operating cash flow further improved our liquidity as planed, despite the fact that the inflow of liquidity in the amount of EUR 5 million resulting from the capital increase in mid-July is not included in this figure.' The key business performance indicators in the first half of fiscal year 2016 are shown below:

EUR (thousands)                                   H1 2016   H1 2015  Change
Sales revenues                                   48,221.7  33,853.7   42.4%
Gross profit                                     21,755.8  16,295.9   33.5%
EDITDA                                            6,965.8   4,344.5   60.3%
EBIT                                              4,428.7   2,424.9   82.6%
EBT                                               3,834.2   2,160.0   77.5%
Consolidated result                               1,869.2   1,204.6   55.2%
In the Industrial Packaging division, sales increased significantly over the previous year due to the initial consolidation of Self Industries by 59.5 percent to EUR 40.2 million (H1 2015: EUR 25.5 million). EBITDA in this division rose by 52.4 percent to EUR 6.4 million (H1 2015: EUR 4.2 million). At EUR 8.0 million, sales in the Industrial Handling division declined by 4.8 percent from the level of the previous year (H1 2015: EUR 8.4 million). However, due to further cost optimization, EBITDA remained at the level of the previous year with EUR 0.6 million (H1 2015: EUR 0.6 million). A regional comparison revealed positive effects of the qualitative personnel measures implemented in the Chinese market. Compared to the previous year, sales revenues rose by 35 percent. The markets in Turkey and Italy likewise experienced above-average growth of 25 and 10 percent respectively. Based on the performance of the Ringmetall Group in the first half of 2016, the management board expects to reach all of the full-year sales and result targets announced for 2016. Including the expected seasonal sales, the company reaffirms its forecast for sales and EBITDA for the full fiscal year 2016. The full report for the first half year of 2016 as well as further information on Ringmetall Group and its subsidiaries are available at www.ringmetall.de. Contact: Ingo Middelmenne Investor Relations Ringmetall AG Phone: +49 (0)89 45 220 98 12 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, Slovakia, 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. --------------------------------------------------------------------------- 21.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Ringmetall Aktiengesellschaft Mannhardtstr. 6 80538 München 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 Unofficial Market in Berlin, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service --------------------------------------------------------------------------- 503867 21.09.2016


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 2,800 Kaufen 81,39
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,47 16,05 1,023 20,83
KBV KCV KUV EV/EBITDA
1,77 9,87 0,74 8,972
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,06 0,06 2,14 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
2,94% -7,38% -2,78% -13,31%
    
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Beteiligungen , 600190 , HP3 , XETR:HP3