At its meeting on April 3, 2017, the RHI Supervisory Board approved the annual financial statements 2016 of RHI AG and the consolidated financial statements 2016. The preliminary results of the RHI Group as published on March 14, 2017 are thus confirmed. The annual report for the year 2016 is available for download at the […]
Read MoreThe RHI Group’s revenue amounted to € 1,651.2 million in the past financial year compared with € 1,752.5 million in the year 2015. This decline is primarily attributable to the continued moderate steel production and lower project deliveries in the business segments outside the steel industry. The operating EBIT amounted to € 123.2 million in […]
Read MoreThe RHI Group will conclude the financial year 2016 with revenue of roughly € 1,650 million and an operating EBIT of roughly € 123 million according to the preliminary, unaudited figures. The operating EBIT includes external expenses of roughly € 12 million related to the planned combination of RHI and Magnesita. Adjusted for these expenses, […]
Read MoreBased on the preliminary, unaudited figures, the RHI Group concluded the financial year 2015 with revenue of roughly € 1,752 million and an operating EBIT of roughly € 124 million despite a difficult market environment in the customer industries. The continuing decline in fused magnesia prices in China required a complete write-down of assets amounting […]
Read MoreAt today’s meeting, the Supervisory Board appointed Dr. Gerd Schubert (56) Chief Operations Officer and Chief Technology Officer of the Management Board of RHI AG for a period of five years with effect from January 1, 2017. Before joining RHI, Dr. Schubert held international management positions in operations as well as research and development at […]
Read More1st Quarter Due to a weaker business development of the Steel and Industrial Divisions, the RHI Group’s revenue, at € 389.7 million in the first quarter of 2016, was lower than revenue of the comparative period of 2015, at € 424.1 million, and lower than revenue of the fourth quarter of 2015, at € 440.0 […]
Read MoreIn the first nine months of 2016, the RHI Group’s revenue dropped by 6.5% compared with the same period of 2015 and amounted to € 1,227.3 million. In the Steel Division revenue declined by 4.6% due to a weaker business development in South America, Europe and China and the opening of the product portfolio to […]
Read MoreThe Supervisory Board of RHI AG gave its approval to the resolutions proposed by the Management Board regarding the acquisition of a controlling stake of at least 46%, but no more than 50% plus one share of the share capital in Magnesita (the “Transaction”) at its meeting today. The Management Board of RHI AG is […]
Read MoreThe Supervisory Board of RHI AG gave its approval to the resolutions proposed by the Management Board regarding the acquisition of a controlling stake of at least 46%, but no more than 50% plus one share of the share capital in Magnesita (the “Transaction”) at its meeting today. The Management Board of RHI AG is […]
Read MoreRHI AG (“RHI”) and the controlling shareholders of Magnesita Refratários S.A. (“Magnesita”), investment vehicles affiliated with GP Investments (“GP”) and Rhône Capital (“Rhône”, and together with GP, “Magnesita’s Controlling Shareholders”) announce that they have reached an agreement to combine the operations of RHI and Magnesita to create a leading refractory company to be named RHI […]
Read MoreRHI and the controlling shareholders of Magnesita, GP and Rhône (“Magnesita’s Controlling Shareholders”), have reached an agreement to combine the operations of RHI and Magnesita to create a leading refractory company. The combined company, to be named RHI Magnesita, will be established in the Netherlands and listed in London Accordingly, RHI’s Management Board has agreed […]
Read MoreRHI AG (“RHI”) and the controlling shareholders of Magnesita Refratários S.A. (“Magnesita”), investment vehicles affiliated with GP Investments (“GP”) and Rhône Capital (“Rhône”, and together with GP, “Magnesita’s Controlling Shareholders”) announce that they have reached an agreement to combine the operations of RHI and Magnesita to create a leading refractory company to be named RHI […]
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