RHI Magnesita NV (WBO:RHIM)
€ 38.5 0.4 (1.05%) Market Cap: 1.82 Bil Enterprise Value: 3.02 Bil PE Ratio: 10.10 PB Ratio: 1.49 GF Score: 75/100

Half Year 2023 RHI Magnesita NV Earnings Call Transcript

Jul 26, 2023 / 07:15AM GMT
Release Date Price: €36.3 (+9.01%)
Operator

Hello, and welcome to the RHI Magnesita Half Year Results 2023 Webcast with Stefan Borgas, CEO; and Ian Botha, CFO. The webcast will consist of a presentation followed by Q&A. (Operator Instructions)

I would now like to hand over to Stefan to start the presentation. Stefan, please go ahead.

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

Thank you very much, and good morning from Vienna for this half year results presentation 2023. I would like to highlight 3 key messages from these first half results. First, we are in the middle of a period of very weak demand, which has reduced our sales volumes by 9% year-over-year. We have been able to grow our revenue in the first half through little bit higher pricing, when compared to the first half of 2022, not compared to the second half, but compared to the first half and mostly through delivering our strategic sales initiatives and through the contributions from M&A. The lower production volumes have an impact on our fixed cost absorption and increase our production per tonne of

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot