RHI achieves solid result and reduces net debt
(World News Austria)

Gearing ratio declines due to high free cash flow and good performance US authorities have already approved the planned combination with Magnesita Shares of RHI Magnesita NV also to be traded on Vienna Stock Exchange 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. CEO Stefan Borgas summarizes the results: `Despite the difficult market environment we managed to generate a solid result. Thanks to high free cash flow and the good operating performance...