RHI Magnesita NV ( (GB:RHIM) ) has issued an announcement.
RHI Magnesita reported its 2024 full-year results, showcasing resilience in margin and cash flow despite challenging market conditions. The company’s revenue slightly declined by 2% to €3,487 million, while adjusted EBITA remained stable at €407 million. Strategic moves included the acquisition of Resco, contributing to a total M&A deal value of €1.2 billion since December 2021, and a record recycling rate of 14.2%. Despite weak market demand, particularly in China, the company maintained strong operational efficiency and cost discipline. Looking ahead, RHI Magnesita anticipates modest growth in adjusted EBITA for 2025, supported by the Resco acquisition and ongoing network optimization efforts.
More about RHI Magnesita NV
RHI Magnesita is a leading global supplier of high-grade refractory products, systems, and solutions essential for high-temperature processes exceeding 1,200°C across various industries such as steel, cement, non-ferrous metals, and glass. The company operates with a vertically integrated value chain, serving customers worldwide with over 20,000 employees and contractors across 65 main production sites, 12 recycling facilities, and more than 70 sales offices. RHI Magnesita is listed on the London Stock Exchange and the Vienna Stock Exchange, and is part of the FTSE 250 index.
YTD Price Performance: 13.80%
Average Trading Volume: 15,509
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.75B
See more data about RHIM stock on TipRanks’ Stock Analysis page.