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Company Information
Wien (euro adhoc) - At the RHI Analyst Day, Henning Jensen, CEO of RHI AG, today
confirmed the outlook given with the publication of the first quarter results.
Jensen expects revenues to increase slightly compared to the first quarter with
an EBIT margin of 9% and exchange rates remaining unchanged. Due to a higher
order level, RHI will be able to repeat the revenues of the first quarter in the
second quarter and raise profitability to 9.5%.
On 16 June 2011, the full acquisition of the Russian refractories manufacturer
ZAO Podolsk Refractories, which produces fused cast bricks for the glass
industry, was completed.
Moreover, the investment program for 2011 was explained in further detail: apart
from building a plant in Brazil and expanding capacity in China, it also
includes increasing the level of self-supply with magnesia raw materials to
approx. 70%. Jensen also reported that the entire investment budget 2011 will be
financed by the company´s cash flow and borrowed capital, thus ruling out a
capital increase in the foreseeable future.
Further inquiry note:
RHI AG
Investor Relations
Mag. Barbara Potisk-Eibensteiner
Tel: +43-1-50213-6123
Email: barbara.potisk@rhi-ag.com
end of announcement euro adhoc
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company: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6123
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English