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Ringmetall SE raises forecast significantly after dynamic first half - year Ringmetall SE / Key word ( s ) : Half Year Results / Forecast Ringmetall SE raises forecast significantly after dynamic first half - year 16 - Aug - 2021 13:58 CET / CEST Disclosure of an inside information acc . to Article 17 MAR of the Regulation ( EU ) No 596/2014 , transmitted by DGAP - a service of EQS Group AG . The issuer is solely responsible for the content of this announcement . Ringmetall SE raises forecast significantly after dynamic first half - year Munich , 16 August 2021 - Based on first preliminary figures , Ringmetall SE ( ISIN : DE000A3E5E55 ) has developed significantly better in the first half of 2021 than in the previous year . Accordingly , the company significantly increasing its forecast for the expected business development in the full year . Group revenues increased by 25.6 percent to EUR 78.3 million in the first half of the year ( H1 2020 : EUR 62.3 million ) . In addition to a significant increase in steel prices , which the company was able to pass on to its customers to a large extent , an increase in sales volumes in the clamping ring business also played a key role in the revenues growth . At the same time , the company benefited from the development of the US dollar against the euro and a significant revival in demand in the Industrial Handling business . Earnings before interest , taxes , depreciation and amortization ( EBITDA ) showed an increase of around three times . It increased by 74.0 percent to EUR 11.3 million ( H1 2020 : EUR 6.5 million ) . The EBITDA margin rose accordingly from 10.3 percent in the previous year to 14.3 percent , marking a new historic high in the company's development to date . The significant increase in profitability is mainly attributable to a further increase in production efficiency and personnel utilization , as well as a further reduction in production scrap and the generation of Group - wide purchasing and production synergies . The key performance indicators for the reporting period are as follows : in EUR m H1 2021 H1 2020 A [ abs . ] A [ % ] Group revenues Gross profit * 78.3 62.3 16.0 25.6 37.4 30.2 7.2 23.9 Gross profit margin 47.3 % 47.8 % EBITDA 11.3 6.5 4.8 74.0 EBITDA margin 14.3 % 10.3 % EBIT 8.2 3.4 4.8 143.7 EBIT margin 10.4 % 5.3 % * Gross profit defined as : Group revenues including changes in inventories less cost of raw materials , consumables and supplies , and purchased services . Separate analysis of the effects of raw material price developments ( mainly steel ) , inorganic and organic growth showed the following effects on segment revenues : Industrial Packaging - Effect of raw material price development on segment revenue : + 15.3 percent - Effect of corporate acquisitions on segment revenue : +1.8 percent - Effect of organic business development on segment revenue : + 9.9 percent