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.More Ringmetall content >
Ringmetall continues to experience healthy organic growth and develop its operations through strategic acquisitions. Management has provided guidance for FY18 that may be considered slightly muted due to one-off, largely administrative costs but also targets M&A which add revenues of between €5m and €40m. Management has set an ambitious medium-term goal. It hopes to reach €200m of revenues generating EBITDA margins in excess of 15% by 2021. Achieving this successfully would more than justify the current rating.