Ceramic Industry

RHI Group Revenues Rise 14%

November 14, 2011

The RHI Group recently reported that in the first three quarters of 2011, its revenues increased by 14.1% compared with the same period in the previous year. The operating result amounts to €108.4 million (~ $148 million), up roughly €1.1 million (~ $1.5 million) compared to the same period in 2010.

In the third quarter of 2011, revenues declined by 1.7% in comparison with the second quarter of 2011 due to the traditionally weaker steel business in the summer months and the seasonal effect in the cement industry. Compared with the same quarter of 2010, revenues rose by 12.7% to €429.8 million (~ $592 million) in the third quarter of 2011. The operating result of the third quarter, at €39.2 million (~ $54 million), increased compared to € 32.8 million (~ $45 million) in the same period in 2010.

For additional details, visit www.rhi-ag.com.