RHI Magnesita NV (WBO:RHIM)
€ 37.1 0.6 (1.64%) Market Cap: 1.75 Bil Enterprise Value: 2.95 Bil PE Ratio: 9.67 PB Ratio: 1.41 GF Score: 78/100

Full Year 2019 RHI Magnesita NV Earnings Call Transcript

Apr 01, 2020 / 07:30AM GMT
Release Date Price: €23.02 (+0.09%)
Operator

Ladies and gentlemen, welcome to the RHI Magnesita call. My name is Kayla, and I will be your coordinator today. (Operator Instructions)

I will now hand over to your host, Stefan Borgas, to begin the call. Stefan, please go ahead.

Stefan Borgas
RHI Magnesita N.V. - CEO & Executive Director

Thank you, Kayla. And good morning from Vienna with a beautiful sunshine, but otherwise a very, very, very quiet city. I would like to present the 2019 RHI Magnesita results and then, of course, talk about where the future will bring our business.

Maybe in a summary, 4 messages upfront. 2019, in a very difficult market, turned out to be -- to deliver quite resilient results for RHI Magnesita on -- especially on profitability and earnings per share and free cash flow. Second, this ended our company -- this delivered a strong balance sheet for our company with a lower leverage than before and a very high level of liquidity, which gives us a good basis for the future. Third, we have a clear strategy that despite all of the very short-term effects from

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