RHI Anticipates Slowdown in Business

Companies ♦ Published: November 3, 2011; 10:23 ♦ (Vindobona)

The negative trend could come to an end in the second quarter of 2012. In the first nine months of the current year, the Austrian producer of refractory materials increased revenues and profit.

RHI Anticipates Slowdown in Business / Picture: © RHI AG

In the first three quarters of the year 2011, the RHI Group increased revenues by 14.1% in comparison with the same period of the previous year. The operating result amounts to € 108.4m, up roughly € 1.1m on the 2010 reference period. In the third quarter of 2011, revenues declined by 1.7% in comparison with the second quarter of 2011 due to the traditionally weaker steel business…