RHI: Growth Plans in Emerging Markets

People ♦ Published: September 24, 2013; 18:29 ♦ (Vindobona)

Franz Struzl, CEO of producer of fused cast refractories RHI, announced that the long-term strategic corporate goals were still relevant. However, it is not clear when the targets will be reached.

RHI: Growth Plans in Emerging Markets / Picture: © RHI AG

According to Struzl, it cannot be announced whether they will be reached by 2019 already or by 2022. Revenues are supposed to be almost doubled from currently € 1.8bn to € 3bn. On a long-term basis, the EBIT margin of currently nine percent is supposed to increase to twelve percent due to the expected stronger growth in emerging markets, Struzl declared.

A significant…