Acquisitions Drive Ringmetall's Growth in 2024 Amid Economic Challenges

Ringmetall SE has reported preliminary results for 2024, highlighting acquisitions as a key growth driver. Despite a recessionary environment, the company achieved a 0.9% increase in Group revenue, reaching EUR 174.9 million. This growth occurred primarily due to successful acquisitions, as lower raw material prices led to decreased revenue. Additionally, EBITDA rose by 1.7% to EUR 23.7 million, aided by strategic cost management and a positive one-off effect from an acquisition.

The US and Chinese markets showed strong demand, while Europe faced economic challenges. Despite these obstacles, the company's strategy of leveraging acquisitions allowed it to end the year within its guidance range, indicating resilience. Looking ahead to 2025, Ringmetall expects further growth, anticipating revenue between EUR 180 and 200 million, though economic and political uncertainties remain a concern.