IN BRIEF: RHI Magnesita sees higher earnings on demand in key markets
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