RHI Magnesita

RHI Group exceeds target EBIT margin of 12% in the first half of the year

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Wien (euro adhoc) - Despite rising raw material and energy costs, RHI, the world market leader in refractories, recorded an EBIT margin of 12.2% in the first half of 2008, exceeding the target EBIT margin, which had been revised upwards from 10.0% to 12.0% by 2010 only at the beginning of 2008.

2nd Quarter        1st Half
in EUR million                                         2008      2007      2008      2007
Revenues                                                  415.0    366.4    806.8    723.8
EBITDA                                                      63.8      51.7      122.7    106.0
EBIT                                                         51.2      39.2      98.1      81.6
EBIT margin                                              12.3%    10.7%    12.2%    11.3%
Diluted earnings per share (in EUR)        0.92      0.62      1.77      1.34


RHI expects an ongoing positive market environment with positive growth rates in both the Steel and Industrial Divisions for the second half of 2008. The continued good level of incoming orders indicates a good business development for the remainder of the year.

The dramatic price increases and shortages of raw materials as well as the soaring energy prices will require further massive price adjustments in the next quarters. The Group´s global presence as well as the supply with its own raw materials and the resulting secure supply for customers should be a support in this situation.

Details on the half-year results as well as the online version of the half-year financial report 2008 are available on RHI´s website www.rhi-ag.com

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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

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