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RHI confirms results 2014

At its meeting on March 27, 2015, the RHI Supervisory Board approved the annual financial statements 2014 of RHI AG and the consolidated financial statements 2014. The preliminary results of the RHI Group as published on February 27, 2015 are thus confirmed. The annual report for the year 2014 is available for download at the […]

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Preliminary results 2014

Business Development The RHI Group’s sales volume rose from roughly 1,768,000 tons in the previous year to roughly 1,868,000 tons in 2014. This is primarily attributable to increased sales activities of the Raw Materials Division. Revenues in the past financial year amounted to € 1,721.2 million, after € 1,754.7 million in the year 2013. While […]

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Preliminary results 2014 (ad hoc)

According to the preliminary, unaudited figures, the RHI Group concluded the financial year 2014 with revenues of approximately € 1,720 million and an operating result exceeding expectations and amounting to over € 140 million. The operating result margin will thus amount to more than 8% after 7.2% in the previous year. In the fourth quarter […]

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Results of the third quarter 2014 (ad hoc)

In the third quarter of 2014 the RHI Group’s revenues declined by 4.9% compared with the second quarter of 2014 and amounted to € 415.6 million. This is primarily due to a lack of new construction business in the Industrial Division and postponements of planned installations to the fourth quarter of 2014. As a result […]

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Transaction of the acquisition of magnesite mining rights and existing production facilities in Turkey abandoned (ad hoc)

The contract signed between Magnesit Anonim Sirketi, a Turkish subsidiary of RHI AG, and the Turkish Cihan Group on April 7, 2014 for the acquisition of a raw material plant and mining rights in Erzurum, Turkey, (see ad hoc release of April 7, 2014) provided for different contractual conditions for the final fulfillment of the […]

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RHI places € 170 million Schuldscheindarlehen

RHI, a world market leader for refractory products, successfully closed the order book for a € 170 million Schuldscheindarlehen on September 24, 2014. Due to strong demand, the originally planned volume of € 75 million was increased to € 170 million. The Schuldscheindarlehen with terms of five, seven and ten years was primarily placed with […]

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Results of the second quarter 2014 – comparative period 2013 includes net income from termination of US Chapter 11 proceedings (ad hoc)

In the second quarter of 2014, the RHI Group increased its revenues by 8.6% compared with the first quarter of 2014 to € 436.8 million. This is primarily attributable to an increase in business volume in Europe, Russia and the Middle East in the Steel Division and significantly higher revenues in the business unit environment, […]

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Extension of CEO contract

At today’s meeting, the Supervisory Board of RHI AG unanimously adopted the extension of the contract with the Chairman of the Management Board, Franz Struzl, which originally ran until September 8, 2016, until December 31, 2017.

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RHI signs contract to acquire a raw material plant and mining rights in Turkey (ad hoc)

Magnesit Anonim Sirketi, a Turkish subsidiary of RHI AG, today signed a contract with the Cihan Group regarding the acquisition of a raw material plant and mining rights in Erzurum, Turkey. The purchase price agreed amounts to USD 30 million; in addition, a debtor warrant of up to USD 16 million was agreed upon, which […]

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RHI confirms results 2013

At its meeting on April 4, 2014, the RHI Supervisory Board approved the annual financial statements 2013 of RHI AG and the consolidated financial statements 2013. The preliminary results of the RHI Group as published on February 25, 2014 are thus confirmed. The annual report for the year 2013 is available for download at the […]

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Preliminary results 2013 (ad hoc)

Business Development In a persisting difficult market environment, the RHI Group’s sales volume fell by 6.0% from 1,850,000 tons to 1,739,000 tons due to weaker steel business in Europe and the Middle East, declining volume in the business unit cement and a lower number of new construction projects in the business unit environment, energy, chemicals. […]

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Update on Norway and outlook 2014 (ad hoc)

The Management Board of RHI AG informed the Supervisory Board at today’s meeting that the production of fused magnesia in Norway as of today’s knowledge will not meet the original business plan assumptions in the medium term. The revised assumptions result in an significant impairment requirement. The Supervisory Board approved the Management Board’s proposal to […]

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