Ringmetall - Accelerating the pace of growth
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.Ringmetall AG is a Germany-based company engaged in the investment in medium-sized manufacturing companies located in Germany, France, the United Kingdom, the Netherlands, Slovakia, the United States and Spain. The Company is mainly specialized in the metal processing and mechanical engineering industries. In the metal processing sector, the Company operates through its wholly owned subsidiary August Berger Metallwarenfabrik GmbH, which produces clamping rings. In the mechanical engineering sector, it operates through its wholly owned subsidiary Zimmer & Kreim GmbH & Co KG, which produces handling systems and offers software solutions for metal erosion machines. Further subsidiaries include Berger Metallwarenfabrik GmbH, Berger Verwaltungs GmbH, ZK (China) Company Ltd, Self Industries Inc., and Fidum Verwaltungs GmbH, among others.
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