Despite average cyclic conditions in industry and the weak construction industry, RHI reported good results again in Q3 2002. RHI thus confirmed the turnaround and the reorientation of the group for the third consecutive quarter. In the first 9 months 2002, the RHI Group increased EBIT (according to OeHGB) by 273% to EUR 67.8 million […]
Read MoreRHI’s Insulating Division will meet the restructuring targets in the financial year 2002. The unfavorable construction industry in Germany and stable demand in Austria, however, require two steps to secure the restructuring targets in the long term: – Promoting our strength in the Eastern European markets – Rationalization measures and increase in efficiency in […]
Read MoreRHI Group reported a good business development with positive results in the second quarter of 2002 despite the ongoing weak industry cycle worldwide. Compared to 2001, RHI increased the operating result (EBIT according to ÖHGB) by more than 60% to EUR 40.6 m in the first half of 2002 despite the split from the US […]
Read MoreThe Annual General Meeting of RHI AG elected Dr. Cornelius Grupp Member of the Supervisory Board on July 4, 2002. Dr. Grupp succeeds Dr. Friedrich Nemec, who resigned as a Member of the Supervisory Board for personal reasons. A general release of the Members of the Board of Management and the Supervisory Board of RHI […]
Read MoreThe sale of the RHI Group’s engineering activities to Deutsche Beteiligungs AG, which was announced on June 3, 2002, was successfully completed today following the approval of the transaction by the competent anti-trust authorities. With the sale of Engineering, RHI has realized an important step towards the group’s restructuring and concentration on the core business […]
Read MoreDeutsche Beteiligungs AG has, together with the Management, acquired the entire Engineering business of the RHI group. The Engineering group employs a total of 780 people and reported sales revenues of more than EUR 230 million worldwide in the year 2001. Approx. EUR 195 million of it were consolidated in the RHI group. For the […]
Read MoreThe preliminary results for the first quarter of 2002, which were already published on April 25, 2002 have been confirmed and current business is developing positively. RHI is confident it will reach the earnings targets 2002 underlying the capital restructuring. The quarterly figures are shown according to ÖHGB (Austrian Commercial Code) and IAS for the […]
Read MoreThe final results of the RHI group for 2001 lie within the framework of the preliminary figures published on January 14, 2002 and are characterized to a significant extent by the deconsolidation of the US refractories companies and risk provisions. The future core business Refractories in Europe, Asia and Latin America (from 2002 also Canada) […]
Read MoreAs its meeting on May 27, 2002, the Supervisory Board of RHI AG elected Mr. Michael Gröller Chairman of the Supervisory Board. Mr. Gröller takes over the chairmanship from Mr. Gerd Peskes, who will be his Deputy in the future.
Read MoreIn the first issuing phase, RHI was able to place 80% of the convertible bonds tranches A and B of a total nominal value of EUR 144.7 million, which had been available for subscription since April 8, 2002 in the context of the capital restructuring of the RHI group. Thus a total of EUR 115.2 […]
Read MoreThe RHI group met the expectations regarding sales revenue and operating result (EBIT) budgeted in the course of the capital restructuring in Q1/2002. Despite the globally still weak economic situation, RHI’s core business Refractories developed positively: in Q1/2002, sales revenue amounted to EUR 261.7 million (previous year including USA: EUR 398. 0 million). EBIT came […]
Read MoreThe refractories plants in Bécancour and Burlington are to be made technology leaders in the Industry One investment focus of RHI in the current financial year refers to the modernization of the two Canadian refractories production facilities in Bécancour and Burlington. After RHI had to withdraw from production in the USA, these plants are gaining […]
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