RHI AG

RHI Group exceeds target EBIT margin of 12% in the first half of the year

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finances

Wien (euro adhoc) - Despite rising raw material and energy costs, RHI, the world market leader in refractories, recorded an EBIT margin of 12.2% in the first half of 2008, exceeding the target EBIT margin, which had been revised upwards from 10.0% to 12.0% by 2010 only at the beginning of 2008.

2nd Quarter     1st Half
in EUR million                          2008    2007    2008    2007
Revenues                                415.0   366.4   806.8   723.8
EBITDA                                  63.8    51.7    122.7   106.0
EBIT                                    51.2    39.2    98.1    81.6
EBIT margin                             12.3%   10.7%   12.2%   11.3%
Diluted earnings per share (in EUR)     0.92    0.62    1.77    1.34


Outlook 

RHI expects an ongoing positive market environment with positive growth rates in both the Steel and Industrial Divisions for the second half of 2008. The continued good level of incoming orders indicates a good business development for the remainder of the year.

The dramatic price increases and shortages of raw materials as well as the soaring energy prices will require further massive price adjustments in the next quarters. The Group´s global presence as well as the supply with its own raw materials and the resulting secure supply for customers should be a support in this situation.

Details on the half-year results as well as the online version of the half-year financial report 2008 are available on RHI´s website www.rhi-ag.com

end of announcement                               euro adhoc
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Further inquiry note:

RHI AG
Investor Relations
Mag. Barbara Potisk
Tel: +43-1-50213-6123
Email: barbara.potisk@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing
Original-Content von: RHI AG, übermittelt durch news aktuell

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