.
- Balance sheet 2007: RHI strengthens position for further growth
- Incoming orders excellent in the first months of 2008
- Management Board aims to achieve EBIT margin of 12% in 2010
The RHI Supervisory Board approved the annual financial statements 2007 of RHI AG and the consolidated financial statements 2007 at its meeting on 24 April 2008. The preliminary results of the RHI Group, which were published on 12 March 2008, are thus confirmed.
RHI significantly increased both revenues and the operating result in continuing operations and recorded an EBIT margin of 11.1%, which is unparalleled in the company s history.
As announced previously, the Management Board of RHI AG will propose to the Annual General Meeting on 25 May 2008 to carry forward the accumulated profit 2007 of RHI AG in its entirety in order to strengthen equity, reduce debt and with a view to the ambition growth targets.
Outlook on 2008
Due to the generally strong growth in the threshold countries in the year 2008, further aboveaverage increases in revenue are expected in these strategically important markets. The new raw material plant in China will provide high-grade sintered magnesia as of the fourth quarter of 2008 and secure the Group s self-supply of approx. 50%. Despite existing risks in the world economy, the RHI management expects to take a further step towards achieving the growth targets set for 2010 (revenues of € 2,000 million, EBIT margin of 12% and market share exceeding 15%) in 2008.
Details regarding the annual results and the online version of the annual financial report 2007 are available on RHI s website www.rhi-ag.com.
- Balance sheet 2007: RHI strengthens position for further growth
- Incoming orders excellent in the first months of 2008
- Management Board aims to achieve EBIT margin of 12% in 2010
The RHI Supervisory Board approved the annual financial statements 2007 of RHI AG and the consolidated financial statements 2007 at its meeting on 24 April 2008. The preliminary results of the RHI Group, which were published on 12 March 2008, are thus confirmed.
RHI significantly increased both revenues and the operating result in continuing operations and recorded an EBIT margin of 11.1%, which is unparalleled in the company s history.
As announced previously, the Management Board of RHI AG will propose to the Annual General Meeting on 25 May 2008 to carry forward the accumulated profit 2007 of RHI AG in its entirety in order to strengthen equity, reduce debt and with a view to the ambition growth targets.
Outlook on 2008
Due to the generally strong growth in the threshold countries in the year 2008, further aboveaverage increases in revenue are expected in these strategically important markets. The new raw material plant in China will provide high-grade sintered magnesia as of the fourth quarter of 2008 and secure the Group s self-supply of approx. 50%. Despite existing risks in the world economy, the RHI management expects to take a further step towards achieving the growth targets set for 2010 (revenues of € 2,000 million, EBIT margin of 12% and market share exceeding 15%) in 2008.
Details regarding the annual results and the online version of the annual financial report 2007 are available on RHI s website www.rhi-ag.com.
