Reuters logo
Austria's RHI's Q1 core profit tops expectations
May 11, 2017 / 5:47 AM / in 7 months

Austria's RHI's Q1 core profit tops expectations

VIENNA, May 11 (Reuters) - Fireproof industrial materials maker RHI reported a better-than-expected 20 percent increase in first-quarter operating profit, helped by a friendlier market environment and higher utilization of production capacities.

Earnings before interest and tax (EBIT) rose to 32.6 million euros ($35.42 million) in the three months through March, versus analyst expectations of 29.9 million, the group said on Thursday.

RHI, which plans to take over Brazilian rival Magnesita in a $500 million deal, said it expects to have a clearer picture of the outcome of the regulatory approval proceedings around the end of the first half of 2017. ($1 = 0.9203 euros) (Reporting by Kirsti Knolle; Editing by Sunil Nair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below