RHI Magnesita Reports Q1 Profitability Improvement Amid Soft Demand
RHI Magnesita reported a 15% year-on-year increase in adjusted EBITDA despite soft demand in steel and industrial markets. The company reaffirmed its full-year EBITDA guidance and is considering plant closures as part of network optimization. FX headwinds led to a 5% revenue decline.
Topics: cost efficiency currency impact deleveraging earnings EBITDA plant closure profitability