RHI Magnesita annual profit falls despite revenue jump amid high costs
27th Feb 2023 09:28
(Alliance News) - RHI Magnesita NV on Monday reported a lower profit in 2022, despite a surge in revenue, as costs increased. Read More
(Alliance News) - RHI Magnesita NV on Monday reported a lower profit in 2022, despite a surge in revenue, as costs increased. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning: Read More
(Alliance News) - RHI Magnesita NV on Friday said it has agreed to buy a 65% shareholding in Jinan New Emei Industries Co Ltd for EUR40 million. Read More
(Alliance News) - Stocks in London were mixed at the close on Monday, as a rise in Covid-19 infections in China weighed on investor sentiment. Read More
(Alliance News) - RHI Magnesita NV on Monday said it has bought an Indian refractory business via a share swap agreement, in exchange for shares in its subsidiary, RHI Magnesita India Ltd. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday: Read More
RHI Magnesita NV - Vienna-based supplier of refractory products - Deputy Chair & Senior Independent Director John Ramsay buys 2,760 shares at GBP19.65 each, for a total of GBP54,224. The shares were purchased on Friday on various exchanges. Read More
(Alliance News) - RHI Magnesita NV on Wednesday said it was trading in line with expectations, but demand varied by region, as it maintained earnings guidance for the year. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
RHI Magnesita NV - Vienna-based supplier of refractory products - Revenue for first half of 2022 rises 33% to EUR1.59 billion from EUR1.20 billion a year before. Pretax profit improves 14% to EUR142.4 million from EUR124.5 million. Says price increases worth EUR293 million since the first half of last year have been successfully executed, driving "strong" top-line growth and offsetting inflation pressure. Keeps dividend at EUR0.50 per share. Says full-year expectations unchanged based on strong demand in the year-to-date and order book for the second year. "More frequent and dynamic pricing discussions with customers have restored margins to acceptable levels following the delays in passing on cost increases in 2021. The group is confident that any further cost increases in 2022 can be passed on quickly to customers, who continue to value security of supply over price," RHI Magnesita says. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
RHI Magnesita NV - Vienna-based supplier of refractory products - Says its earnings before interest, tax, depreciation and amortisation are up 50% in the first quarter ended March 31, boosted by continued strong demand for steel and industrial products. However, revenue in the nine Commonwealth of Independent States countries "might be fully at risk", following the Russian invasion of Ukraine. The firm generated about 3.5% of its 2021 revenue in those countries, it explains. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday: Read More
RHI Magnesita NV - FTSE-250 listed Vienna-based supplier of refractory products - Enters joint venture with Germany-based Horn & Co, a collector and processor of spent refractory material in Europe. RHI Magnesita will hold a majority stake of 51%. The JV, named Horn & Co. RHIM Minerals Recovery GmbH, will process 150,000 tonnes per year of material, the company adds. "Our customers will benefit from access to greater quantities of sustainable and high quality raw materials, together with enhanced circular economy solutions which are included as part of our full line services contracts," RHI Magnesita Chief Executive Stefan Borgas says. Read More
RHI Magnesita NV - FTSE-250 listed Vienna-based supplier of refractory products - Chief Executive Officer Stefan Borgas buys 3,050 shares at GBP26.98, worth GBP82,274 and Chief Sales Officer Gustavo Franco buys 4,000 shares at GBP26.62, worth GBP106,480, on Wednesday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday: Read More
(Alliance News) - RHI Magnesita NV on Monday reported a strong rise in profit in 2021, thanks to new acquisitions and joint venture investments, and a recovery in customer demand. Read More