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HP3A — Ringmetall SE News Story

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Germany's Ringmetall Q1 revenue falls 4.9% on weak demand

Overview

Germany industrial packaging supplier's Q1 revenue fell 4.9% yr/yr amid weak demand

Q1 EBITDA declined 15.3% yr/yr, also affected by negative exchange rate effects

Result Drivers

WEAK CORE MARKET DEMAND - Co said persistent weakness in demand from chemical-technical industry weighed on revenue and earnings

NEGATIVE EXCHANGE RATE EFFECTS - Co said USD/EUR exchange rate movements reduced revenue by EUR 1.5 mln and EBITDA by EUR 0.2 mln

SHIFT IN SALES VOLUMES - Co observed a shift in sales volumes from Q1 to Q2, mainly due to ongoing geopolitical uncertainties

Company press release: ID:nEQ2tHQJva

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueEUR 46.12 mln
Q1 EBITDAEUR 5.04 mln
Analyst Coverage The one available analyst rating on the shares is "hold" Wall Street's median 12-month price target for Ringmetall SE is €5.00, about 86.6% above its May 5 closing price of €2.68 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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