Put companies on watchlist
Ringmetall SE
ISIN: DE000A3E5E55
WKN: A3E5E5
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Ringmetall SE · ISIN: DE000A3E5E55 · EQS - Company News (42 News)
Country: Germany · Primary market: Germany · EQS NID: 1932763
25 June 2024 02:09PM

Ringmetall SE successfully holds virtual Annual General Meeting in Munich


EQS-News: Ringmetall SE / Key word(s): AGM/EGM
Ringmetall SE successfully holds virtual Annual General Meeting in Munich

25.06.2024 / 14:09 CET/CEST
The issuer is solely responsible for the content of this announcement.


Ringmetall SE successfully holds virtual Annual General Meeting in Munich

  • Once again high level of approval for all agenda items
  • Dividend unchanged at 10 cents per share

Munich, 25 June 2024 - Ringmetall SE (ISIN: DE000A3E5E55), a leading international specialist supplier in the packaging industry, today held its 27th Annual General Meeting in virtual form in Munich. At the time of voting, 73.4 percent of the company's share capital of EUR 29,069,040.00 was represented (previous year: 67.3 percent).

Against the backdrop of a challenging economic environment, the company recorded a 15.0 percent decline in Group revenue to EUR 181.6 million in 2023 and a 32.3 percent drop in earnings before interest, taxes, depreciation and amortization (EBITDA) to EUR 19.2 million. However, adjusted for the earnings contribution of the Group subsidiary HSM, which was sold on 30 June 2023, and the associated one-off deconsolidation effects of EUR -4.6 million, adjusted EBITDA amounted to EUR 23.3 million, which corresponds to a decline of just -10.4 percent. From a purely operational perspective, the earnings trend was therefore slightly better than the development of Group revenue despite a noticeable reduction in production capacity utilization. Due to the company's good overall performance in the previous year, the Annual General Meeting voted in favor of an unchanged dividend distribution of EUR 0.10 per outstanding share compared to the previous year.

In addition to the agenda items regularly put to the vote at ordinary Annual General Meetings on the appropriation of net profit, the discharge of the Management Board and Supervisory Board, the election of the auditor and the approval of the remuneration report, a resolution on the authorization to acquire treasury shares was also put to the vote.

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  98.36 percent
Agenda item 3b  97.83 percent
Agenda item 4    98.89 percent
Agenda item 5    98.92 percent
Agenda item 6    98.93 percent
Agenda item 7    93.04 percent

"The course of business remains relieved, even though revenue levels are still below pre-crisis levels," says Christoph Petri, Spokesman of the Management Board of Ringmetall SE, describing the current environment. "If the economic environment remains at this level for the rest of the year, which we currently expect, we remain confident about our outlook for 2024 as a whole."

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. 

Contact:
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 the Ringmetall Group

Ringmetall is a leading international specialist supplier of industrial packaging. The company produces high-security closure systems and inner liners for industrial drums for the chemical, pharmaceutical and food processing industries. Ringmetall also offers innovative packaging solutions for the beverage industry. With products that are highly recyclable, the company contributes to strengthening the circular economy and the sustainability of its end customers. In addition to its headquarters in Munich, the Group is represented by global production and sales offices in Germany, France, the UK, Spain, Italy, Turkey, the Netherlands, China and the USA. In 2023, Ringmetall generated Group revenue of EUR 181.6 million with 867 employees.

 



25.06.2024 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.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Ringmetall SE
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: DE000A3E5E55
WKN: A3E5E5
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1932763

 
End of News EQS News Service

1932763  25.06.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1932763&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Ringmetall SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.