3rd Quarter In the third quarter of 2013, revenues fell to € 427.4 million, down 4.0% on the previous quarter. While the revenues of the Steel Division declined by 3.6% because business in Europe was weaker than expected, the Industrial Division’s revenues fell by 4.7% especially due to the postponement of projects in the business […]
Read MoreDisclosure in accordance with§ 65 para. 1 (4) of the Stock Corporation Act (AktG) in conjunction with §§ 4 and 5 of the Disclosure Regulation 2002 With a resolution of the 34th Annual General Meeting of RHI AG on May 3, 2013, the company was authorized to acquire treasury shares in accordance with § 65 […]
Read MoreThe Supervisory Board of RHI AG today granted the Managing Board approval to sign agreements with Cihan Group for the purchase of mining rights in Erzurum, Turkey, including existing production facilities, pending the provision of outstanding documents by the seller. The expected purchase price amounts to roughly EUR 36 million. After the agreements are signed, […]
Read More2nd Quarter In the second quarter of 2013, RHI Group’s revenues rose by 4.6% compared with the previous quarter and amounted to € 445.2 million. While revenues of the Industrial Division decreased by 7.5% due to the seasonally weak cement business, the Steel Division recorded an 11.6% increase due to the integration of the Indian […]
Read MoreIn 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 […]
Read MoreRHI AG announces that the Management Board members Giorgio Cappelli, CSO (Chief Sales Officer) Steel Division, and Manfred Hödl, CSO Industrial Division and CTO (Chief Technical Officer), will resign from the Management Board of RHI AG by mutual consent at the end of June 30, 2013. They will, however, be available to the company in […]
Read MoreAt an extraordinary meeting today, the Supervisory Board of RHI AG appointed Reinhold Steiner to the Management Board of RHI AG as Chief Sales Officer Steel Division and Franz Buxbaum as Chief Operations Officer. The appointments are for five years and take effect on July 1, 2013.
Read MoreGroup revenues in the first quarter of 2013 were down 2.6% on the comparable quarter of 2012 and amounted to € 425.5 million. While revenues in the Steel Division fell by 8.1% in a market environment that continued to be difficult for cyclical reasons, the Industrial Division recorded growth of 11.7% due to strong cement […]
Read MoreAt today’s meeting, the Supervisory Board of RHI AG approved a concept presented by the Management Board to adjust the production capacity in Europe to the growth rates, which are expected to stay low in the future. Since 2010, steel output within the European Union, with a volume of approx. 170 million tons, has been […]
Read MoreOn March 11, 2013, the competent district court confirmed the decision of the bankruptcy court regarding a settlement with all insurance companies successful in the appeals proceedings. After expiry of the objection period and the fulfillment of conditions precedent, the reorganization plans of the US companies have entered into force with effect from April 30, […]
Read MoreFollowing the acquisition of 43.6% of the share capital of Orient Refractories Ltd. (ORL) from the core shareholders in early March, RHI has completed the mandatory open offer for an additional 26% of the ORL shares. As of April 29, RHI thus holds 69.6% of the voting rights in ORL. The transaction price to acquire […]
Read MoreAt its meeting on April 4, 2013, the RHI Supervisory Board approved the annual financial statements 2012 of RHI AG and the consolidated financial statements 2012. The preliminary results of the RHI Group as published on March 8, 2013 are thus confirmed. Earnings indicators (in € million) 2012 20111) Delta Revenues 1,835.7 1,758.6 4.4% EBITDA […]
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