Ringmetall Specifies Guidance for Full Year 2024

Munich, 12 August 2024 - Ringmetall SE announced its revised revenue and earnings guidance for 2024. This decision follows the preliminary half-year figures and the expected business development in July.

During the first half of 2024, Ringmetall reported a preliminary Group revenue of EUR 90.8 million, compared to EUR 100.6 million for H1 2023. Preliminary EBITDA reached EUR 13.4 million, up from EUR 8.3 million in H1 2023. The revenue decrease is linked to the sale of subsidiary HSM and the closure of the Industrial Handling division. The previous year’s EBITDA included a EUR -4.6 million special effect.

The Management Board expects the positive trend to persist throughout 2024. The new forecast anticipates Group revenue between EUR 170 and 185 million and an EBITDA between EUR 22 and 27 million. This forecast excludes the impact of potential acquisitions and associated transaction costs.