Preliminary results 2016
(World News Austria)

The RHI Group`s revenue amounted to EUR 1,651.2 million in the past financial year compared with EUR 1,752.5 million in the year 2015. This decline is primarily attributable to the continued moderate steel production and lower project deliveries in the business segments outside the steel industry. The operating EBIT amounted to EUR 123.2 million in the past financial year and was maintained at the level of 2015 despite weak markets and one-off costs of roughly EUR 12 million related to the planned combination with Magnesita. This positive operating business development is predominantly attributable to the good earnings situation in the Steel Division, the improved operating EBIT in the Raw Materials...