euro adhoc: RHI AG / Dividend Announcements/Distribution / Good RHI results confirmed, no dividend payment for 2006

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annual report

24.04.2007

The RHI Supervisory Board approved the financial statements 2006 of
RHI AG and the consolidated financial statements 2006 at its meeting
on 24 April 2007. The group’s preliminary results, which were
published on 21 March 2006, have thus been confirmed.

At the Annual General Meeting on 1 June 2007, the Management Board
will propose to carry forward the accumulated profit 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 and to raise its world market share to over 15%. There
are good opportunities worldwide to expand market position and
earnings power further in the coming years. Against this background,
the new core shareholder, the MS Private Foundation, has clearly
indicated that a dividend proposal will not be supported at the RHI
Annual General Meeting.

RHI’s consolidated revenue (continued operations) rose by 11.4% to
EUR 1,335.8 million in 2006 (previous year: EUR 1,199.4 million).
With this increase in revenue, RHI outperformed the growth rates of
its client industries and the refractories market, and expanded its
position as the world market leader further. EBITDA in the RHI Group
amounted to EUR 179.5 million (previous year: EUR 156.4 million);
EBIT was EUR 133.8 million in 2006 (previous year: EUR 115.5
million), in increase by 15.8%. The EBIT margin increased to 10.0%
(previous year: 9.6%) although energy and raw material costs
continued to rise.

RHI reported a group profit amounting to EUR 157.9 million in 2006
(previous year: EUR 97.3 million). EUR 97.1 million of the RHI
Group’s profit (previous year: 82.8 million) were accounted for by
continued operations with RHI’s core business, Refractories, up
17,3%. The discontinued Insulating operations (Heraklith) contributed
a book profit of EUR 60.8 million (previous year: EUR 14.5 million).
Undiluted earnings per share amounted to EUR 5.81 in 2006 (previous
year: EUR 4.07), fully diluted earnings per share to EUR 4.01
(previous year: EUR 2.55), up 57.3%.

The Annual Report 2006 will be available from RHI’s website on 25
April 2007 under www.rhi-ag.com for downloading and also as an online
report. RHI will publish the quarterly result I/2007 on 3 May 2007.

end of announcement euro adhoc 24.04.2007 14:16:44
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ots Originaltext: RHI AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
RHI AG
Investor Relations
Dkfm. Markus Richter
Tel: +43-1-50213-6123
Email: markus.richter@rhi-ag.com

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