RHI Magnesita

RHI confirms good results for 2007 and positive outlook

@@start.t1@@--------------------------------------------------------------------------------   ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for   the content of this announcement. --------------------------------------------------------------------------------@@end@@


Wien (euro adhoc) - > Balance sheet 2007: RHI strengthens position for further growth > Incoming orders excellent in the first months of 2008 > Management Board aims to achieve EBIT margin of 12% in 2010

The RHI Supervisory Board approved the annual financial statements 2007 of RHI AG and the consolidated financial statements 2007 at its meeting on 24 April 2008. The preliminary results of the RHI Group, which were published on 12 March 2008, are thus confirmed.

RHI significantly increased both revenues and the operating result in continuing operations and recorded an EBIT margin of 11.1%, which is unparalleled in the company´s history.

@@start.t2@@in EUR million                      2007            2006         Change
Revenues                          1,485.8            1.335.8      11.2%
EBITDA                                 215.6            179.5         20.1%
EBITDA margin in %                14.5            13.4            8.2%
EBIT                                    164.3            133.8         22.8%
EBIT margin in %                  11.1            10.0          11.0%
Earnings per share in EUR*)  2.77            2.48         11.7%

*) diluted earnings per share for continuing operations

As announced previously, the Management Board of RHI AG will propose to the Annual General Meeting on 25 May 2008 to carry forward the accumulated profit 2007 of RHI AG in its entirety in order to strengthen equity, reduce debt and with a view to the ambition growth targets.

Outlook on 2008 Due to the generally strong growth in the threshold countries in the year 2008, further above-average increases in revenue are expected in these strategically important markets. The new raw material plant in China will provide high-grade sintered magnesia as of the fourth quarter of 2008 and secure the Group´s self-supply of approx. 50%. Despite existing risks in the world economy, the RHI management expects to take a further step towards achieving the growth targets set for 2010 (revenues of EUR 2,000 million, EBIT margin of 12% and market share exceeding 15%) in 2008.

Details regarding the annual results and the online version of the annual financial report 2007 are available on RHI´s website www.rhi-ag.com.@@end@@

@@start.t3@@end of announcement                                                 euro adhoc

ots Originaltext: RHI AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
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

Weitere Meldungen: RHI Magnesita

Das könnte Sie auch interessieren: