Unaudited preliminary revenue and operating EBIT 2016
Fri Feb 17 10:00:00 CET 2017
The RHI Group will conclude the financial year 2016 with revenue of roughly € 1,650 million and an operating EBIT of roughly € 123 million according to the preliminary, unaudited figures. The operating EBIT includes external expenses of roughly € 12 million related to the planned combination of RHI and Magnesita. Adjusted for these expenses, the operating EBIT amounted to roughly € 135 million in the past financial year, which corresponds to an operating EBIT margin of roughly 8.2%. Impairment and restructuring costs, at roughly € 10 million in the fourth quarter, were in line with the guidance. The preliminary, unaudited EBIT of the financial year 2016 thus amounts to roughly € 116 million. As a result of the strong free cash flow generation, net debt was reduced by roughly € 65 million compared with December 31, 2015 and amounted to roughly € 333 million at December 31, 2016. This corresponds to a decline by roughly € 134 million within two years.