Brief: Ringmetall Q1 EBITDA Up At EUR 3.8 Mln

Ringmetall SE

07/05/2020 06:16

May 7 (Reuters) - RINGMETALL AG  HP3G.DE :
    * RINGMETALL SIGNIFICANTLY INCREASES REVENUES AND
PROFITABILITY IN
THE FIRST QUARTER
    * Q1 GROUP REVENUES INCREASE BY 13.0 PERCENT TO EUR 33.8
MILLION
    * Q1 EBITDA OF EUR 3.8 MILLION UP 30.0 PERCENT ON PREVIOUS
YEAR
    * Q2 BUSINESS PERFORMANCE STABLE SO FAR - GUIDANCE REMAINS
REALISTIC
    * EBITDA MARGIN Q1 2020 11.2% VERSUS Q1 2019 9.7%
    * Q1 GROSS PROFIT EUR 16.1 MILLION VERSUS EUR 14.5 MILLION
YEAR
AGO
    * COURSE OF Q2 SO FAR HAS ALSO BEEN STABLE
    * PREPARED TO BE CONFRONTED WITH A MORE SIGNIFICANT ECONOMIC
SLOWDOWN AT ANY TIME
    * CONSIDER OUR TARGETS FOR 2020 TO BE WELL ACHIEVABLE

Source text for Eikon:  ID:nEQ45J2y9a 
Further company coverage:  HP3G.DE 

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