EANS-Adhoc: RHI AG Update on Norway and outlook 2014
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Earnings Forecast
13.12.2013
The Management Board of RHI AG informed the Supervisory Board at today's meeting
that the production of fused magnesia in Norway as of today's knowledge will not
meet the original business plan assumptions in the medium term. The revised
assumptions result in an significant impairment requirement. The Supervisory
Board approved the Management Board's proposal to involve external consultants
in order to identify further potential for improvements. The operations in
Norway will have a negative effect of roughly EUR 15-20 million on the operating
result of the year 2014.
In the financial year 2014, RHI expects the relevant end markets to recover and,
consequently, revenues to increase by some 3% compared with the year 2013. The
operating result margin is estimated to amount to between 8% and 9% including
the negative effects from Norway.
Further inquiry note:
RHI AG
Investor Relations
Mag. Simon Kuchelbacher
Tel: +43-1-50213-6676
Email: simon.kuchelbacher@rhi-ag.com
end of announcement euro adhoc
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issuer: RHI AG
Wienerbergstrasse 9
A-1100 Wien
phone: +43 (0)50213-6676
FAX: +43 (0)50213-6130
mail: rhi@rhi-ag.com
WWW: http://www.rhi-ag.com
sector: Refractories
ISIN: AT0000676903
indexes: ATX Prime, ATX
stockmarkets: official market: Wien
language: English