EANS-News
RHI AG / Unaudited preliminary revenue and operating EBIT 2016
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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annual result
The RHI Group will conclude the financial year 2016 with revenue of
roughly EUR 1,650 million and an operating EBIT of roughly EUR 123
million according to the preliminary, unaudited figures. The
operating EBIT includes external expenses of roughly EUR 12 million
related to the planned combination of RHI and Magnesita. Adjusted for
these expenses, the operating EBIT amounted to roughly EUR 135
million in the past financial year, which corresponds to an operating
EBIT margin of roughly 8.2%. Impairment and restructuring costs, at
roughly EUR 10 million in the fourth quarter, were in line with the
guidance. The preliminary, unaudited EBIT of the financial year 2016
thus amounts to roughly EUR 116 million. As a result of the strong
free cash flow generation, net debt was reduced by roughly EUR 65
million compared with December 31, 2015 and amounted to roughly EUR
333 million at December 31, 2016. This corresponds to a decline by
roughly EUR 134 million within two years.
Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com
end of announcement euro adhoc
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company: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6676
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
annual result
The RHI Group will conclude the financial year 2016 with revenue of
roughly EUR 1,650 million and an operating EBIT of roughly EUR 123
million according to the preliminary, unaudited figures. The
operating EBIT includes external expenses of roughly EUR 12 million
related to the planned combination of RHI and Magnesita. Adjusted for
these expenses, the operating EBIT amounted to roughly EUR 135
million in the past financial year, which corresponds to an operating
EBIT margin of roughly 8.2%. Impairment and restructuring costs, at
roughly EUR 10 million in the fourth quarter, were in line with the
guidance. The preliminary, unaudited EBIT of the financial year 2016
thus amounts to roughly EUR 116 million. As a result of the strong
free cash flow generation, net debt was reduced by roughly EUR 65
million compared with December 31, 2015 and amounted to roughly EUR
333 million at December 31, 2016. This corresponds to a decline by
roughly EUR 134 million within two years.
Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6676
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English
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