EQS-Information: Ringmetall SE efficiently holds digital Annual Basic Assembly in Munich

Ringmetall SE efficiently holds digital Annual Basic Assembly in Munich

• As soon as once more excessive degree of approval for all agenda objects
• Dividend unchanged at 10 cents per share

Munich, 25 June 2024 – Ringmetall SE (ISIN: DE000A3E5E55), a number one worldwide specialist provider within the packaging business, at this time held its twenty seventh Annual Basic Assembly in digital kind in Munich. On the time of voting, 73.4 % of the corporate’s share capital of EUR 29,069,040.00 was represented (earlier 12 months: 67.3 %).

Towards the backdrop of a difficult financial setting, the corporate recorded a 15.0 % decline in Group income to EUR 181.6 million in 2023 and a 32.3 % drop in earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) to EUR 19.2 million. Nonetheless, adjusted for the earnings contribution of the Group subsidiary HSM, which was bought on 30 June 2023, and the related one-off deconsolidation results of EUR -4.6 million, adjusted EBITDA amounted to EUR 23.3 million, which corresponds to a decline of simply -10.4 %. From a purely operational perspective, the earnings development was due to this fact barely higher than the event of Group income regardless of a noticeable discount in manufacturing capability utilization. Because of the firm’s good total efficiency within the earlier 12 months, the Annual Basic Assembly voted in favor of an unchanged dividend distribution of EUR 0.10 per excellent share in comparison with the earlier 12 months.

Along with the agenda objects repeatedly put to the vote at extraordinary Annual Basic Conferences on the appropriation of internet revenue, the discharge of the Administration Board and Supervisory Board, the election of the auditor and the approval of the remuneration report, a decision on the authorization to accumulate treasury shares was additionally put to the vote.

Intimately, the share of approval for the agenda objects put to the vote was as follows:

Agenda merchandise 2    99.98 %
Agenda merchandise 3a  98.36 %
Agenda merchandise 3b  97.83 %
Agenda merchandise 4    98.89 %
Agenda merchandise 5    98.92 %
Agenda merchandise 6    98.93 %
Agenda merchandise 7    93.04 %

“The course of enterprise stays relieved, although income ranges are nonetheless beneath pre-crisis ranges,” says Christoph Petri, Spokesman of the Administration Board of Ringmetall SE, describing the present setting. “If the financial setting stays at this degree for the remainder of the 12 months, which we presently anticipate, we stay assured about our outlook for 2024 as a complete.”

Additional data on the objects on the agenda of the Annual Basic Assembly in addition to on the Ringmetall Group and its affiliated subsidiaries might be discovered at www.ringmetall.de. 

Contact:
Ingo Middelmenne
Investor Relations
Ringmetall SE
Cellphone: +49 (0 )89 45 220 98 12
Cell: +49 (0 )174 90 911 90
E-mail: [email protected]

Concerning the Ringmetall Group

Ringmetall is a number one worldwide specialist provider of business packaging. The corporate produces high-security closure techniques and internal liners for industrial drums for the chemical, pharmaceutical and meals processing industries. Ringmetall additionally affords modern packaging options for the beverage business. With merchandise which are extremely recyclable, the corporate contributes to strengthening the round financial system and the sustainability of its finish prospects. Along with its headquarters in Munich, the Group is represented by international manufacturing and gross sales places of work in Germany, France, the UK, Spain, Italy, Turkey, the Netherlands, China and the USA. In 2023, Ringmetall generated Group income of EUR 181.6 million with 867 staff.