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21/03/2024 , 14:45 News Detail - Ringmetall Aktiengesellschaft Raw material prices and efficiency improvements lead to significant increase in revenues and earnings of the Ringmetall Group DGAP - News : Ringmetall Aktiengesellschaft / Key word ( s ) : Quarter Results / Quarterly / Interim Statement 06.05.2021 / 07 : 00 The issuer is solely responsible for the content of this announcement . Raw material prices and efficiency improvements lead to significant increase in revenues and earnings of the Ringmetall Group · Group revenues up 6.7 percent to EUR 36.1 million , also as a result of significant steel price increase EBITDA jumps 21.5 percent to EUR 4.6 million ; margin increases to 12.7 percent - Quality management measures lead to sustained improvement in production efficiency and capacity utilization Munich , 6 May 2020 - Ringmetall AG ( ISIN : DE0006001902 ) , a leading international specialist supplier in the packaging industry , started the new year 2021 with a significant growth spurt . A brightening economic environment and investments to increase product quality and efficiency were reflected in significantly improved production capacity utilization and reduced scrap rates . Group revenues increased by 6.7 percent to EUR 36.1 million in the first quarter ( Q1 2020 : EUR 33.8 million ) . In addition to solid organic growth , an increase in steel prices was primarily responsible for the significant expansion in Group revenues . Earnings before interest , taxes , depreciation and amortization ( EBITDA ) jumped by 21.5 percent to EUR 4.6 million ( Q1 2020 : EUR 3.8 million ) . In addition to optimized staff utilization against the backdrop of a noticeably improved and more consistent order situation , the increase is due to the effect of a combination of measures initiated by the company , particularly in the past year . These include measures in quality management , which were reflected in reduced reject and complaint rates . Parts of the production of drum closure systems were also made more efficient by selective relocation to subsidiaries in other European countries , thus achieving cost savings . Despite rising steel prices , the company thus succeeded in significantly expanding its EBITDA margin and , at 12.7 percent ( Q1 2020 : 11.2 percent ) , moved back towards the target range of between 12.5 and 15 percent . The key figures for business development in the reporting period are as follows : IFRS , in EUR m Q1 2021Q1 2020A [ abs . ] A [ % ] Group revenues36.1 33.8 2.3 6.7 Gross profit 17.5 * 16.1 1.4 8.7 EBITDA 4.6 3.8 0.8 21.5 EBITDA margin 12.7 % 11.2 % 1.5 % EBIT 3.2 2.3 0.9 39.7 EBIT margin 8.7 % 6.7 % 1.0 % * Gross profit defined as : Group revenue including changes in inventories less cost of raw materials , consumables and supplies , and purchased services . Detailed analysis of the effects of steel price developments , inorganic and organic growth showed the following effects on segment revenues : https://irpages2.eqs.com/websites/newsfeed/English/99/detail-page.html?newsID=2088303&companyToken=a94d67d8-7dc9-4d06-9b24-2a465c06e0f2 1/3