RHI Magnesita N.V.
RHIM
ISIN NL0012650360 / Valor 38785413
RHI Magnesita N.V.
UMushroom community rating:
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 (14.08.2024):
Revenue Growth
RHI Magnesita N.V. reported an 8% increase in revenues for the full year 2023, reaching €3,572 million. This growth was primarily driven by contributions from recent acquisitions, which helped offset a 5% decline in sales volumes in the base business.
Adjusted EBITA
The company achieved a 7% growth in Adjusted EBITA, amounting to €409 million for the year ended 31 December 2023. This improvement was supported by resilient pricing strategies and operational efficiencies, despite a challenging market environment.
Net Debt and Cash Flow
RHI Magnesita N.V. maintained its net debt to Pro Forma EBITDA ratio at 2.3x, consistent with the previous year. The company also reported a significant increase in adjusted operating cash flow, which rose to €413 million from €155 million in 2022, driven by a substantial working capital release.
Dividend Increase
The company has recommended a final dividend of €1.25 per share, resulting in a full-year dividend of €1.80 per share for 2023. This represents an increase from the €1.60 per share dividend paid in 2022, reflecting the company's strong financial performance and commitment to returning value to shareholders.
Outlook for 2024
RHI Magnesita N.V. anticipates that sales volumes in the base business, excluding M&A, will remain in line with 2023 levels. The full-year effect of 2023 acquisitions is expected to increase shipped volumes by up to 10% in 2024. The company has guided that Adjusted EBITA for 2024 will be at least in line with current analyst consensus of approximately €410 million.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2049 M
Market cap (USD)
5,807
Daily traded volume (Shares)
33.15 / 32.7
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
