RHI Magnesita

ots Ad hoc-Service: RHI AG In the first quarter of 2000 the RHI group experienced a significant growth in sales and earnings

The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Wien (ots Ad hoc-Service) - After a relatively quiet business development in January and February, business increased rapidly in the month of March, particularly in the refractories division. Not only sales volume but also prices improved. As cost savings are now also fully effective in Europe, March was one of refractories divisions the best months ever in terms of earnings.

    In general, the other divisions also developed positively in the first quarter of 2000 as compared to the same period of the previous year. However, the months in which the insulating, waterproofing and engineering divisions will realize most sales and earnings are still to come.

    Overall, the RHI group reported sales revenue of EUR 516.3 million in the first quarter of 2000, up EUR 153.8 million, or 42%, on the same period of the previous year. EUR 126.9 million were accounted for by changes in the consolidated group, especially Harbison-Walker/GIT. Real growth of the RHI group thus amounted to 7% in the first quarter of 2000.

    EBITDA (earnings before interest, tax, depreciation and amortization) rose by 155% to EUR 37 million in the first quarter of 2000, thus reflecting the clearly improved operating earnings power of the group.

    The operating result (EBIT) of the RHI group increased to EUR 9 million in the first quarter of 2000, following EUR -3.1 million in the same period of the previous year. The EBIT of the first quarter of 2000 for the first time includes amortization of goodwill amounting to EUR 3 million.

    Based on the RHI groups current business development with a clearly positive trend towards the end of the first quarter, the Board of Management is confident to reach the EBIT target of EUR 145 million (ATS 2 billion) set for the whole year of 2000. This confidence is primarily based on the good progress made in the integration of Harbison-Walker/GIT and the positive market situation in the refractories business.

    Für weitere Informationen / For further information: RHI AG: Peter Hofmann (Corporate Communications) Phone +43 1 50213-123 / Fax +43 1 50213-130 e-mail: peter.hofmann@rhi-ag.com Home page: http:// www.rhi.at

End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: RHI Magnesita, übermittelt durch news aktuell

Weitere Meldungen: RHI Magnesita

Das könnte Sie auch interessieren: