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