Ringmetall (HP3)

Business description

Ringmetall manufactures specialist industrial packaging solutions. Its core products are drum closing systems for the chemicals, pharmaceuticals and food sectors. It is also active in industrial handling where it manufactures speciality forklift components and specialist components for trucks and industrial and agricultural vehicles.

Investment summary

Ringmetall made good progress during H117, driven by strong growth in the key Industrial Packaging division. Margins are being dampened by higher input costs, while FX is reducing contributions on translation as well as pressurising export margins. The share price progression so far in 2017 suggests the market is finding the transition story increasingly credible, and is starting to rate Ringmetall more appropriately as the manufacturing entity it has become. Management is seeking to grow this further and the balance sheet remains supportive.

Last updated on 18/10/2017

Key management

Ingo Middelmenne, Investor Relations

Company address

Mannhardtstrasse 6 (4. OG)
Munich
80538
Germany
+49-89-45220980
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