RHI Magnesita

RHI expects positive contribution to earnings from starting up fusing lines in Norway as of the second quarter and confirms guidance for 2013.

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Earnings Forecast

In the course of the start-up of the newly established fusion plant in Norway in
late November, a technical defect occurred while material was fed in, which
caused a crucible to spill over and consequently required the entire melting
operations to be shut down. As it is taking longer than expected to repair the
damage, start-up costs will be higher. Moreover, the positive contribution to
earnings due to increased vertical integration cannot be realized in the first
quarter. The EBIT margin in the first quarter of 2013 will therefore be slightly
below the figure of the comparable period of 2012. 

Nevertheless, the Management Board of RHI is confident that the guidance of
2013, which was issued as part of the publication of the third quarterly report
and provides for revenues at a similar level as in 2012 as well as a further
improvement in the EBIT margin, will be met.  

The re-commissioning of the melting operation will start again in February.
Full-load operation, with an annual production of roughly 80,000 tons of
seawater-based fused magnesia, is expected for March; this will effectively make
RHI self-sufficient in fused magnesia outside of China.

Further inquiry note:
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com

end of announcement                               euro adhoc 

issuer:      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

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