Ringmetall SE Holds Successful Virtual AGM in Munich

Ringmetall SE, a key player in the packaging industry, successfully conducted its 28th Annual General Meeting virtually in Munich. Shareholders showed strong support, with high approval rates for all agenda items. The company maintained its dividend at 10 cents per share.

The meeting reported a decline in 2024 revenue by 3.7% to EUR 174.9 million, yet saw a significant 23.9% rise in EBITDA to EUR 23.7 million, recovering from a previous year's one-off financial impact. Despite a challenging economic climate marked by post-pandemic strains, geopolitical issues, and rising costs, Ringmetall's performance remains stable as 70.7% of its share capital participated in the voting process.

The agenda covered several key resolutions, with high approval percentages ranging from 93.31% to 99.97%, indicating shareholder confidence in the company's ongoing strategies and executive decisions.