EANS-Adhoc: RHI AG
Technical problems in Norway have negative impact on annual
result 2013
22.07.2013 – 17:27
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Earnings Forecast 22.07.2013 In the course of the optimization process of the newly established fusion plant in Norway, unexpected problems occurred during causter loading, which are expected to have an adverse effect in the high single-digit million range on the annual result over the coming months. For the full year 2013, the Management Board of RHI AG still expects revenues at the level of the previous year. However, realizing the operating result margin of the year 2012 appears to be challenging in view of the new developments, negative foreign currency effects in the second quarter and the persisting difficult market conditions. As a result of the positive restructuring effects from the closing of the Chapter 11 proceedings, the EBIT margin will continue to significantly exceed the prior-year level. Further inquiry note: RHI AG 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