euro adhoc: RHI AG / Financial Figures/Balance Sheet / Preliminary result 2007: RHI strengthens position for further growth

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Preliminary result

12.03.2008

The refractories world market leader RHI increased revenue from
continuing operations by more than 11% to EUR 1,485.8 million
(previous year: EUR 1,335.8 million) and the operating result by
approx. 23% to EUR 164.3 million. With this increase in revenues, RHI
surpasses the growth rates of its customer industries and the
refractories market.

The RHI divisions Steel (+9.3%) and Industrial (+15.8%) continuously
expanded their business in a good market environment and gained
market share in important growth regions. Although raw material,
energy and transport costs have continued to rise, the technology
leader managed to raise the EBIT margin from 10.0% in 2006 to 11.1%
in 2007. Profit after taxes amounted to EUR 111.0 million (previous
year: EUR 97.1 million). The company´s equity, at EUR 95.6 million,
was positive again for the first time since the crisis threatening
RHI´s very existence due to the asbestos claims in the USA in the
year 2001.

Cash flow from operating activities increased by more than 200% to
EUR 154.8 million; free cash flow, at EUR 51.1 million, fell short of
the prior-year figure due to the acquisition of Monofrax as well as
the complete takeover of Dolomite Franchi S.p.A. and increased
investing activities, in particular in the raw material joint venture
in China and the new smelting plant in South Africa.

All of the above data for 2007 are preliminary; the final results and
the consolidated balance sheet 2007 will be published on 25 April
2008 following the approval of the balance sheet.

At the Annual General Meeting on 29 May 2008, the RHI Management
Board will propose to carry forward the accumulated profit 2007 of
RHI AG in its entirety in order to strengthen equity and with a view
to the ambitious growth targets. RHI´s objective is to increase
revenue to EUR 2.0 billion by 2010 through organic growth and
targeted acquisitions, to raise its EBIT margin to 12% due to the
higher raw material supply rate and its world market share to over
15%.

Outlook 2008: The record level of incoming orders at the end of
December 2007, the newly created company-owned raw material supplies
in China as well as the general business development in the customer
industries indicate a sustained strong business development in 2008.

end of announcement euro adhoc
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ots Originaltext: RHI AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

RHI AG

Investor Relations

Barbara Potisik

Tel: +43 1 50213 6123

Email: barbara.potisk@rhi-ag.com

Branche: Refractories
ISIN: AT0000676903
WKN: 874182
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing