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21/03/2024 , 14:32 News Detail - Ringmetall Aktiengesellschaft Ringmetall SE continues to benefit from booming demand and rising raw material prices in the third quarter DGAP - News : Ringmetall SE / Key word ( s ) : 9 Month figures 01.11.2021 / 07 : 00 The issuer is solely responsible for the content of this announcement . Ringmetall SE continues to benefit from booming demand and rising raw material prices in the third quarter - Group revenues up 40.6 percent to EUR 126.4 million - EBITDA more than doubles to EUR 19.4 million ; EBIT jumps 240.1 percent to EUR 14.7 million - Boom in demand continues seamlessly in year - end business to date - Munich , 1 November 2021 Ringmetall SE ( ISIN : DE000A3E5E55 ) , a leading international specialist supplier in the packaging industry , continues to benefit from booming demand in a variety of customer industries . In addition to rising raw material prices , above - average organic growth in all divisions is providing a noticeable tailwind to sales figures . In the first nine months , Group revenues increased significantly by 40.6 percent to EUR 126.4 million ( 9M 2020 : EUR 89.9 million ) with a total output of EUR 127.6 million ( 9M 2020 : EUR 89.9 million ) . Once again , the strong growth was largely driven by a boom in raw material prices , above all steel prices . However , organic revenue growth was also at an above - average level . In addition to continuing high demand for drum closure systems , sales in the inliner product area in particular also picked up again on a sustained basis , largely leaving behind the more subdued demand caused by the pandemic . " It is becoming increasingly clear that with our current product mix we are developing in a much more balanced manner and are noticeably less dependent on the development of individual customer industries than we were a few years ago , " Christoph Petri , CEO of Ringmetall SE , explains the development . " By turning away from price escalation clauses and automatisms in product sales , we are at the same time orienting ourselves much more closely to the actual developments of the market . At the same time , our cross - national purchasing network guarantees us and our customers a high degree of delivery capability with the usual adherence to delivery dates . " Sustainable pricing and a high level of production efficiency resulted in Group's earnings performance in the year to date clearly outpacing the development of revenues . Earnings before interest , taxes , depreciation and amortization ( EBITDA ) increased significantly year - on - year by 116.3 percent to 19.4 ( 9M 2020 : EUR 9.0 million ) . In relation to total output , the EBITDA margin of 15.2 percent was above the upper end of the medium - term target corridor ( 9M 2020 : 10.0 percent ) . Earnings before interest and taxes ( EBIT ) multiplied in the same period to EUR 14.7 million ( 9M 2020 : EUR 4.3 million ) . Separately considering the effects of raw material price development , inorganic and organic growth , the following effects on segment sales were evident in the first nine months of 2021 : Industrial Packaging - Effect of raw material price development on segment sales : +29.3 percent - Effect of company acquisitions on segment sales : +4.9 percent - Effect of organic business development on segment sales : +8.1 percent https://irpages2.eqs.com/websites/newsfeed/English/99/detail-page.html?newsID=2162615&companyToken=a94d67d8-7dc9-4d06-9b24-2a465c06e0f2 1/4