RHI Magnesita N.V.
RHIM
ISIN NL0012650360 / Valor 38785413
RHI Magnesita N.V.
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About company
RHI Magnesita N.V. is a leading global supplier in the refractory industry, specializing in the development, production, and supply of high-grade refractory products and solutions. The company's extensive product portfolio includes over 120,000 items, such as bricks, lining mixes, and flow control products like slide gates, nozzles, and plugs, catering to a wide range of industrial applications. These products are designed to withstand extreme conditions, with service lives varying from a few cycles per day to up to ten years, showcasing the company's commitment to durability and performance. RHI Magnesita's manufacturing process is centered around the use of magnesite and dolomite, materials known for their high melting points, which exceed 2800 °C, indicating the technical expertise required in their handling and processing. This focus on specialized, high-temperature solutions positions RHI Magnesita as a key player in serving industries that operate under challenging conditions, emphasizing its role in delivering tailored, innovative solutions to meet the diverse needs of its global customer base.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (11.10.2025):
RHI Magnesita N.V. reported its unaudited financial results for the first half of 2025, showing a decline in revenue and profitability compared to the same period in the previous year. The company faces challenges from reduced industrial project demand and a competitive pricing environment but is implementing strategic measures to improve performance in the second half of the year.
Revenue and Profit Decline
For H1 2025, RHI Magnesita reported a 3% decrease in revenue to €1,677 million compared to €1,728 million in H1 2024. Adjusted EBITA fell by 26% to €141 million, and Adjusted EBITDA decreased by 18% to €211 million, reflecting the impact of lower industrial project demand and unfavorable product mix.
Increased Net Debt
The company's net debt rose by 24% to €1,583 million in H1 2025, primarily due to the consideration payment for the Resco acquisition. The net debt to Pro Forma Adjusted EBITDA ratio increased to 3.1x from 2.4x in the previous year.
Management Actions for Improvement
RHI Magnesita is taking proactive steps to enhance its financial performance in the second half of 2025. These actions include a €30 million price increase in the Steel business, cost-saving initiatives amounting to €10 million from plant closures, and incremental SG&A savings of €10 million. Management expects these measures to support an uplift in Adjusted EBITA by up to €120 million.
Revised Outlook and Guidance
The company has updated its full-year Adjusted EBITA guidance to €370-€390 million, accounting for the weaker-than-expected first half and foreign exchange headwinds. Capital expenditure has been reduced to €130 million for FY 2025, and gearing is expected to decrease to approximately 2.8x by year-end.
Operational Highlights
Sales volumes in the Steel division saw a slight increase of 1% with the support of acquisitions, while the Industrial division experienced a mixed performance with overall sales volumes declining by 4% in the base business. Strategic acquisitions and joint ventures in higher growth regions like India, Türkiye, and North America are part of the company's efforts to drive future growth.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1484 M
Market cap (USD)
37,197
Daily traded volume (Shares)
32.75 / 32.45
1 day high/low (USD)
52 weeks high/low (USD)
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