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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 46.12 mln
Q1 EBITDA
EUR 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
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(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.)