RHI: Rise in EBIT by 130%

IndustrialsIndustrial Goods ♦ Published: March 9, 2011; 00:00 ♦ (Vindobona)

The Austrian manufacturer of refractory products announced its preleminary results for 2010. Revenues increased by 23%. Operating result margin climbs from 6.4% to 9.1%.

RHI: Rise in EBIT by 130% / Picture: © RHI AG

Following the decline in world steel output by 8% due to the crisis in the year 2009 (outside China -20%), the year 2010 was characterised by a worldwide recovery. World steel output rose to 1,4 bn tonnes in 2010, up roughly 15% on the reference year 2009, with a particularly good development in the regions that are especially important for RHI: in the EU27 (+24.6%), North America…