RHI Magnesita NV (GB:RHIM) has released an update.
RHI Magnesita N.V. reported stable revenue year-on-year at €1,728 million despite a challenging market, with adjusted EBITA down 5% to €190 million and a slight increase in adjusted EPS to €2.59. The company maintained strong cash flow and progressed in strategic M&A, including an acquisition set to enhance earnings. While refractory demand was subdued, particularly outside India, the company is poised to meet its full-year adjusted EBITA guidance of €410 million, supported by anticipated higher sales volumes in H2 2024.
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