RHI Magnesita

EANS-News: RHI AG confirms result 2008

@@start.t1@@--------------------------------------------------------------------------------   Corporate news transmitted by euro adhoc. The issuer/originator is solely   responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Wien (euro adhoc) - At its meeting on 22 April 2009, the RHI Supervisory Board approved the annual financial statements 2008 of RHI AG as well as the consolidated financial statements 2008. The preliminary results published on 12 March 2009 have thus been confirmed.

@@start.t2@@in EUR million                                         2008        2007    Change
Revenues                                              1,596.7  1,467.6        8.8%
EBITDA                                                    216.1      217.0      -0.4%
EBITDA margin in %                                  13.5        14.8      -8.5%
EBIT                                                        148.4      165.8    -10.5%
EBIT margin in %                                        9.3        11.3    -17.7%
Profit before income taxes                    113.4      128.2    -11.5%
Profit for the year                                101.8      113.1    -10.0%
Diluted earnings per share in EUR          2.51        2.82    -11.0%

all figures refer to continuing operations

As announced previously, the Management Board of RHI AG will propose to the Annual General Meeting on 28 May 2009 to carry forward the accumulated profit 2008 of RHI AG in its entirety with a view to the difficult economic situation and to strengthen equity.

Outlook on 2009@@end@@

Due to the generally difficult economic climate, RHI expects a significant decline in revenues and earnings based on the current framework conditions. However, the decline in price and volume is offset by decreasing raw material and energy costs as well as by a structural optimisation and cost saving programme totalling EUR 80 million.

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

@@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

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