EANS-News: RHI AG
Company
22.06.2011 – 10:49
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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