RHI Magnesita upbeat on recent trading
15th Jun 2023 07:54
(Sharecast News) - RHI Magnesita reported continued momentum in improving profitability and margins in a trading update on Thursday, supported by sustained refractory pricing and cost reduction efforts.
Read moreRhone offers to buy 20% stake in RHI Magnesita, shares surge
30th May 2023 09:47
(Sharecast News) - RHI Magnesita surged on Tuesday after Ignite Luxembourg Holdings, which is indirectly managed by Rhone Holdings, offered to buy a 20% stake in the company at 2,850p per share in cash.
Read moreRHI Magnesita reports continued momentum in first quarter
5th May 2023 07:13
(Sharecast News) - Refractory specialist RHI Magnesita said in an update on Friday that its momentum of improving EBITA and margins continued through the first quarter, despite lower sales volumes, which were in line with management expectations and overall market demand.
Read moreRHI Magnesita buys Germany's Dalmia GSB Refractories for €13m
29th Mar 2023 07:14
(Sharecast News) - RHI Magnesita on Wednesday said it had bought German firm Dalmia GSB Refractories for €13m in cash.
Read moreRHI Magnesita FY EBITDA rises as price hikes offset increased costs
27th Feb 2023 07:12
(Sharecast News) - Refractory products group RHI Magnesita said on Monday that both revenues and adjusted earnings had risen in the twelve months ended 31 December.
Read moreRHI Magnesita buys 65% stake in China's Jinan New Emei for €40m
13th Jan 2023 07:17
(Sharecast News) - RHI Magnesita said it was buying a 65% shareholding in China's Jinan New Emei for 293 million Chinese yuan (€40m).
Read moreRHI Magnesita buys Indian refractory business
21st Nov 2022 07:34
(Sharecast News) - RHI Magnesita said it had bought the Indian refractory business of Dalmia Bharat Refractories in a share swap agreement.
Read moreRHI Magnesita maintains expectations as prices rise
1st Aug 2022 11:02
(Sharecast News) - RHI Magnesita reported a 33% improvement in first-half revenue on Monday, to €1.59bn (£1.33bn), and by 25% in constant currency terms.
Read moreRHI Magnesita Q1 profits, revenue 'materially ahead'
12th May 2022 08:09
(Sharecast News) - RHI Magnesita said first-quarter profits were materially higher, driven by robust demand for steel and industrial products and price increases.
Read moreRHI Magnesita partners with Horn & Co in recycling joint venture
28th Mar 2022 07:35
(Sharecast News) - Refractory products supplier RHI Magnesita has entered into a new joint venture with Horn & Co to accelerate its use of secondary raw materials in its products.
Read moreRHI Magnesita earnings rise, flags impact of Russia sanctions
28th Feb 2022 10:09
(Sharecast News) - RHI Magnesita reported a 13% improvement in revenue in its full-year results on Monday, to €2.55bn (£2.13bn), and by 16% in constant currency terms, with shipped volumes now above 2019 levels.
Read moreRHI Magnesita secures €400m in new financing
2nd Dec 2021 08:21
(Sharecast News) - RHI Magnesita said it had agreed €400m of new debt financing to pursue new acquisition opportunities.
Read moreDirector dealings: RHI Magnesita CEO raises stake
19th Oct 2021 15:52
(Sharecast News) - RHI Magnesita revealed on Tuesday that chief executive Stefan Borgas had acquired 2,515 ordinary shares in the FTSE 250-listed refractory products supplier.
Read moreRHI Magnesita buys Turkey's SORMAS as input costs rise
19th Oct 2021 10:21
(Sharecast News) - RHI Magnesita said demand was still strong for both its steel and industrial businesses in the September quarter on Tuesday, with its raw material assets and refractory plants operating at high capacity utilisation, and order book visibility extending into the first quarter of 2022.
Read moreRHI Magnesita slumps on RBC Capital downgrade
13th Oct 2021 09:15
(Sharecast News) - RHI Magnesita tumbled on Wednesday after RBC Capital Markets downgraded the shares to 'sector perform' from 'outperform' and cut the price target to 3,700p from 4,750p.
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