RHI has decided to initiate the sale of its Insulating division with the lead company Heraklith AG. An IPO, the alternative option to the further strategic development of this division, will not be pursued any further due to the high number of potential buyers who have shown serious interest. RHI will now ask several potential […]
Read MoreIn 2002, US members of the RHI group filed for bankruptcy protection under Chapter 11. This included North American Refractories Company (NARCO), Global Industrial Technologies (GIT), A.P. Green Industries (APG) and Harbison-Walker Refractories Company (H-W). RHI, several RHI affiliates and various US companies operating under Chapter 11, including NARCO and GIT, had reached settlement agreements […]
Read MoreRHI issued a subordinated convertible bond tranche B in 2002. The conversion of the bonds into 5,500 RHI AG shares each has been possible at the beginning of each quarter since January 1, 2003. 566 bonds of a total of 1,809 convertible bonds tranche B have been converted to 3,113,000 RHI shares so far, the […]
Read MoreMr. August Francois von Finck, Switzerland, has reduced his stake in RHI AG from below 10% to less than 5%. RHI’s free float has now increased to above 90% and supports the increasing and high liquidity of RHI shares in the prime index ATX of Vienna Stock Exchange.
Read MoreThe RHI Group recorded a good business and earnings development in the second quarter of 2005, with both RHI divisions experiencing a positive development. RHI Refractories increased revenue by 11.0% worldwide in the reporting period, while Heraklith improved revenue by 35.2%, which was largely attributable to the consolidation of the companies Eurovek and Termo at […]
Read MoreRHI AG has taken two major steps to significantly strengthen its position as a global technology leader and supplier of key refractory materials to the glass industries worldwide: The product portfolio has been broadened and now includes the complete range of fused cast refractories A joint venture for alumina-silica-zirconia fused cast refractories has been established […]
Read MoreEffective today the number of RHI AG Supervisory Board shareholders´ representatives was reduced from 8 to 6 members. Mr. Maximilian Ardelt and Mr. August Francois von Finck have withdrawn from the Supervisory Board.
Read MoreTogether with its Slovenian partner Eurovek d.o.o., the Insulating Division of RHI with its lead company Heraklith AG has held participating interests in the Slovenian stone wool producer Termo d.d. since 1997. In December 2004, Heraklith signed a contract regarding the acquisition of a stake of initially 50% in its partner Eurovek, which also provided […]
Read MoreIn the first quarter of 2005, the RHI Group saw a seamless continuation of the good business and earnings development of the previous year. Moreover, both RHI divisions refractories and insulating showed continued growth. RHI Refractories (refractories) increased revenue by 8.2% worldwide in the reporting period, while Heraklith (insulating) improved revenue by 17.8%. The substantial […]
Read MoreKey figures RHI Group, Results 2004 The RHI Supervisory Board approved the financial statements 2004 of RHI AG and the consolidated financial statements 2004 at its meeting on April 18, 2005. The group’s preliminary results 2004, which were published on March 17, 2005, have thus been confirmed. Since 2003, the consolidated financial statements have […]
Read MoreKey Figures RHI Group, Preliminary results 2004 RHI improved its net income to EUR 99.7 million in the financial year 2004 (2003: EUR 77.5 million), an increase by 28.6%. The profit allocated to the shareholders of RHI AG rose by 30.3% to EUR 95.0 million (2003: EUR 72.9 million). RHI thus recorded a significant […]
Read MoreSales revenue: EUR 1,297.3 million (2003: EUR 1,232.6 million, plus 5.2%). EBIT: EUR 135.6 million (2003: EUR 122.0 million, plus 11.1%). Net income: EUR 99.7 million (2003: EUR 77.5 million, plus 28.6%). Share of profit allocable to RHI AG shareholders: EUR 95.0 million (2003: EUR 72.9 million, plus 30.3%). Undiluted earnings per share: EUR 4.63 […]
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