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RHI Magnesita

RHI Group raises EBIT margin again at beginning of the year

Wien (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
finances
RHI, the world market leader in refractories,
raised its EBIT margin to 11.8% in the first quarter of 2008 despite 
the weak US dollar and ongoing high raw material and energy costs. 
This is primarily attributable to the exceptionally good business 
development in the Industrial Division.
1st Quarter
in EUR million                         2008     2007    Change
Revenue                                394.6    361.2   9.2%
EBITDA                                  58.9     54.3   8.5%
EBIT                                    46.6     42.1  10.7%
EBIT margin                             11.8%    11.7%  0.9%
Diluted earnings per share in EUR        0.85     0.73 16.4%
Outlook
Due to the good level of incoming orders after the first quarter, RHI
expects the positive development to continue in 2008. This applies in
particular to Europe and Asia, whereas the development in North and 
South America will be characterised by the further development of the
US dollar, especially in the Steel Division. Further increases in 
energy and transport costs are expected due to the high oil price. In
addition, the company sees no relaxation in terms of the quality and 
quantity of raw materials, which will also lead to further price 
increases. These expectations on the cost side and RHI´s excellent 
market position will demand continued price increases worldwide in 
all customer segments.
The Management Board of RHI will propose to the Annual General 
Meeting on 29 May 2008 the adoption of a resolution on authorised 
capital in the maximum amount of 10% of share capital to enable 
further growth.
Details on the quarterly results as well as the online version of the
quarterly financial report 2008 are available at RHI website 
www.rhi-ag.com.
end of announcement                               euro adhoc

Further inquiry note:

RHI AG
Investor Relations
Mag. Barbara Potisk
Tel: +43-1-50213-6123
Email: barbara.potisk@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

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