EANS-News: RHI AG confirms result 2008
Wien (euro adhoc) -
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finances
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.
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
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.
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