RHI Announces Surprisingly High Profit

Published: August 7, 2012; 11:37 · (Vindobona)

In the second quarter of 2012, the Austrian manufacturer of refractory products could achieve strong EBIT(+24%) and EBITDA (+13%) growth rates.

RHI Announces Surprisingly High Profit / Picture: © RHI AG

Despite an environment strongly characterized by uncertainty, RHI realized the second highest quarterly revenues in the group’s history, which were only € 2.0m below the record level of the fourth quarter of 2011. Both divisions recorded substantial growth in revenues: revenues of the Steel Division exceeded the previous record of the third quarter of 2011 by 5.1% and is primarily…

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