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RHI AG (RHIV.VI)

RHIV.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Austria's RHI: U.S. trade commission approved planned merger with Brazil's Magnesita
Wednesday, 15 Mar 2017 06:11am EDT 

Rhi Ag : Rhi says U.S. Federal trade commission has approved planned merger with Brazil's Magnesita Further company coverage: [RHIV.VI] ((Kirsti.knolle@thomsonreuters.com;)).  Full Article

RHI FY 2016 revenue at 1.65 billion euros
Friday, 17 Feb 2017 04:28am EST 

RHI AG : Will conclude financial year 2016 with revenue of roughly 1,650 million euros ($1.76 billion) and an operating EBIT of roughly 123 million euros according to preliminary, unaudited figures . Operating EBIT amounted to roughly 135 million euros in past financial year, which corresponds to an operating EBIT margin of roughly 8.2 euros .Preliminary, unaudited EBIT of financial year 2016 thus amounts to roughly 116 million euros.  Full Article

RHI AG: Gerd Schubert new Chief Operations Officer
Friday, 16 Dec 2016 07:42am EST 

RHI AG : Appointed Gerd Schubert Chief Operations Officer and Chief Technology Officer of Management Board of RHI AG for a period of five years with effect from Jan. 1, 2017 . Gerd Schubert new Chief Operations Officer .Franz Buxbaum will resign from management board of RHI AG by mutual agreement.  Full Article

RHI says supervisory board approves acquisition of controlling stake in Magnesita
Thursday, 13 Oct 2016 12:08pm EDT 

RHI AG :Supervisory board gave approval to resolutions proposed by management board regarding acquisition of a controlling stake of at least 46 pct, but no more than 50 pct plus one share in Magnesita at its meeting.  Full Article

Rhi and Magnesita to combine to create a new refractory company
Wednesday, 5 Oct 2016 05:57pm EDT 

Rhi AG : Rhi AG says have reached an agreement to combine the operations of Rhi and Magnesita to create refractory company to be named Rhi Magnesita . Transaction will be financed by additional debt and issuance of 4.6 to 5.0 million Rhi Magnesita shares to Magnesita's controlling shareholders . Rhi expects combined company to generate fully consolidated revenues of 2.6 billion euros to 2.8 billion euros by 2020 . Rhi AG says board has agreed to sign share purchase with Magnesita of a controlling stake of at least 46% . Rhi AG says purchase price for 46% stake will be paid in cash amounting to 118 million euros and 4.6 million new shares to be issued by Rhi Magnesita . As result of transaction, Rhi's mid-term financial targets will surpass Rhi's current targets as communicated in Rhi's strategy 2020 .The place of effective management of Rhi Magnesita will be Austria.  Full Article

RHI says Ruttenstorfer to stand in for sick CEO
Sunday, 26 Jun 2016 02:09pm EDT 

RHI AG : Supervisory board of RHI AG appointed deputy chairman of supervisory board Wolfgang Ruttenstorfer as chairman of management board on an interim basis with immediate effect for a period of three months . During that period Wolfgang Ruttenstorfer will replace Franz Struzl, who is on sick leave and temporarily unable to fulfill his board duties . Supervisory board has further reappointed Barbara Potisk-Eibensteiner as CFO of RHI AG for a period of five years from April 2017 Further company coverage: [RHIV.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

RHI says Franz Struzl informed that he is on sick leave with immediate effect
Wednesday, 22 Jun 2016 03:07pm EDT 

RHI AG :Chairman of management board of RHI AG, DKFM. Franz Struzl, informed chairman of supervisory board that he is on sick leave with immediate effect.  Full Article

RHI AG to propose a dividend of 0.75 euro
Thursday, 4 Feb 2016 01:47pm EST 

RHI AG:To propose a dividend of 0.75 euro; This equals the dividend payment of last year.  Full Article

RHI AG comments on FY 2015 outlook
Thursday, 5 Nov 2015 01:30am EST 

RHI AG:Says it is becoming increasingly difficult to meet its already reduced FY 2015 operating profit margin target as customers faced general economic difficulties.  Full Article

RHI AG lowers FY 2015 guidance
Wednesday, 5 Aug 2015 06:50am EDT 

RHI AG:Still expects currency-driven increase in revenue of more than 3 pct for FY 2015.FY 2015 operating EBIT margin will amount to roughly 8 pct, contrary to previous expectations of roughly 9 pct.FY 2015 EBIT margin 9.4 pct - Thomson Reuters I/B/E/S.  Full Article

More From Around the Web

REFILE-UPDATE 1-Austria's RHI to buy Brazilian rival Magnesita for $500 million

VIENNA Oct 5 Austrian fireproof industrial materials maker RHI said it has agreed with key shareholders of rival Magnesita to take over the Brazilian company in a $500 million deal to create a global player.