Ringmetall, in the portfolio of the Value Stars Germany Index, had to pay tribute to the weak economy in 2023. However, the current year could be better as business has already picked up recently.
A column by Holger Steffen, investment expert and advisor for the Value Stars Germany Index.
Ringmetall clearly felt the weak economic environment, particularly the downturn in the chemical industry, in 2023. According to preliminary calculations, sales fell by 15.0% to EUR 181.4 million. According to reports, EBITDA actually fell by 36.6% to EUR 17.9 million, although a one-off special effect played a role […]
