RHI posts good 2014 financials, despite overcapacity

• Autores: Siobhan Lismore-Scott
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 570, 2015 (Ejemplar dedicado a: Marzo)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The company said that it expects to post 2014 revenues of EUR 1.7bn ($1.9bn*), flat to 2013, with an operating result "exceeding expectations", coming in at over $140m. EBIT** is expected to be EUR 110m, down marginally year-on-year.

    RHI also highlighted in its preliminary results that "significant progress" had been made in the production process at Porsgrunn, despite the company's intention to reduce capacity.

    "Premium-grade qualities for customers in the steel industry will still be supplied with raw materials from Norway. These measures secure the continued operation of the plant and will halve the negative contribution to earnings in the year 2015," RHI said.