RHI Group with good business development in the first half of 2007

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companies/half-year financial report

Wien (euro adhoc) - The RHI Group reported revenues in the amount of
EUR 732.0 million (previous year: EUR 666.8 million) in the first
half of 2007, up 9.8%. EBITDA rose 21.8% to EUR 105.2 million
(previous year: EUR 86.4 million); EBIT improved by a very positive
25.1% to EUR 80.8 million (previous year: EUR 64.6 million). Die EBIT
margin, at 11.0% (previous year: 9.7%), also clearly exceeded the
figure of the previous year. Profit before income taxes from
continuing operations amounted to EUR 61.0 million (previous year:
EUR 51.4 million), up 18.7%. The RHI Group profit, at EUR 53.7
million (previous year: EUR 107.0 million), was 49.8% down on the
previous year. However, compared to the adjusted figures of the
refractories profit, the group profit rose 16.2% on the previous year
to EUR 53.7 million.

RHI´s Steel Division recorded revenues of EUR 439.5 million (previous
year: EUR 398.6 million) in the first half of 2007, up 10.3%. The
EBIT margin improved to 9.0% (previous year: 7.7%). RHI´s Industrial
Division reported revenues in the amount of EUR 266.3 million
(previous year: EUR 241.4 million) in the first half of 2007, an
increase by 10.3%, which is largely attributable to the RHI Monofrax
acquisition. At 12.4%, the EBIT margin was slightly below the good
level of the previous year. RHI´s Division Raw Materials, Production,
Other reported revenues amounting to EUR 481.9 million in the first
half of 2007; adjusted for deliveries to the Steel and Industrial
Divisions, external revenues amounted to EUR 26.2 million (previous
year: EUR 26.8 million). The EBIT margin improved to 1.7% (previous
year: 0.6%).

RHI expects a continued positive market environment with solid growth
rates in the customer industries worldwide. The availability and cost
development of important raw materials and energy are important
influences on the economic situation of the RHI Group. Incoming
orders are still at a high level so that a continued business
development is to be expected for the rest of the year. RHI will
continue to expand capacity in China and India in 2007 in order to
lay the foundations for profitable growth. In the raw materials
segment, however, significant price increases for materials purchased
in China (introduction of export tax, increase in cost due to trading
export licenses) are expected. The intention is to pass these costs
on to the customer.

RHI´s consolidated revenues and operating result are overall expected
to exceed the level of the previous year in 2007. Moreover, the
Management Board of RHI AG is currently evaluating possible
acquisitions to achieve the target of increasing revenues to EUR 2.0
billion and the world market share to over 15% by 2010 based on
organic growth and targeted acquisitions.

end of announcement euro adhoc 26.07.2007 08:00:00
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ots Originaltext: RHI AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
RHI AG
Investor Relations
Stefano Colombo
Tel: +43-1-50213-6120
Email: rhi@rhi-ag.com

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