RHI AG

EANS-News: RHI AG
Unaudited preliminary revenue and operating EBIT 2016

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annual result

The RHI Group will conclude the financial year 2016 with revenue of roughly
EUR 1,650 million and an operating EBIT of roughly EUR 123 million according to
the preliminary, unaudited figures. The operating EBIT includes external
expenses of roughly EUR 12 million related to the planned combination of RHI and
Magnesita. Adjusted for these expenses, the operating EBIT amounted to roughly
EUR 135 million in the past financial year, which corresponds to an operating
EBIT margin of roughly 8.2%. Impairment and restructuring costs, at roughly
EUR 10 million in the fourth quarter, were in line with the guidance. The
preliminary, unaudited EBIT of the financial year 2016 thus amounts to roughly
EUR 116 million. As a result of the strong free cash flow generation, net debt
was reduced by roughly EUR 65 million compared with December 31, 2015 and
amounted to roughly EUR 333 million at December 31, 2016. This corresponds to a
decline by roughly EUR 134 million within two years.

Further inquiry note:
RHI AG  
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com

end of announcement                               euro adhoc 
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company:     RHI AG
             Wienerbergstrasse 9
             A-1100 Wien
phone:       +43 (0)50213-6676
FAX:         +43 (0)50213-6130
mail:     rhi@rhi-ag.com
WWW:      http://www.rhi-ag.com
sector:      Refractories
ISIN:        AT0000676903
indexes:     ATX Prime, ATX
stockmarkets: official market: Wien 
language:   English
 

 


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