Investor Relations
| RHI AG confirms result 2008 04/23/2009 |
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At its meeting on 22 April 2009, the RHI Supervisory Board approved the annual financial statements 2008 of RHI AG as well as the consolidated financial statements 2008. The preliminary results published on 12 March 2009 have thus been confirmed.
in € million | 2008 | 2007 | Change |
Revenues | 1,596.7 | 1,467.6 | 8.8% |
EBITDA | 216.1 | 217.0 | -0.4% |
EBITDA margin in % | 13.5 | 14.8 | -8.5% |
EBIT | 148.4 | 165.8 | -10.5% |
EBIT margin in % | 9.3 | 11.3 | -17.7% |
Profit before income taxes | 113.4 | 128.2 | -11.5% |
Profit for the year | 101.8 | 113.1 | -10.0% |
Diluted earnings per share in € | 2.51 | 2.82 | -11.0% |
As announced previously, the Management Board of RHI AG will propose to the Annual General Meeting on 28 May 2009 to carry forward the accumulated profit 2008 of RHI AG in its entirety with a view to the difficult economic situation and to strengthen equity.
Outlook on 2009
Due to the generally difficult economic climate, RHI expects a significant decline in revenues and earnings based on the current framework conditions. However, the decline in price and volume is offset by decreasing raw material and energy costs as well as by a structural optimisation and cost saving programme totalling EUR 80 million.
