Higher revenues, lower margin for RHI in H1

By Davide Ghilotti
Published: Thursday, 14 September 2017

Improved activity in refractory sales to both steelmakers and industrial customers led to higher turnover but negative currency effects, impairment charges related to the divestments and merger-related costs dented profitability.

Austrian refractory maker RHI posted higher revenues in the first half of 2017 following improved activity in steelmaking and business development in the US, while currency effects and costs related with the merger with Magnesita weighed on margins.

H1 revenues rose 3% against H1 2016 to €855.8m ($1.02bn), RHI reported...

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