RHI Magnesita Reports Improved Q2 Earnings Amid Weak Demand
RHI Magnesita reported improved first-half profitability for 2026 despite weak demand and volatile markets. Adjusted EBITA rose by 17% to €165 million, with the margin expanding to 10.3%, driven primarily by pricing actions, cost reductions, and plant-network changes. Revenue declined slightly at reported levels due to foreign-exchange pressure but remained stable on a constant-currency basis. The steel segment showed resilience despite lower global production volumes, contributing significantly to improved margins through price adjustments and fixed-cost reductions in Europe. The company also expanded its 4PRO customer-service model, which helped reduce churn and support pricing strategies. Industrial revenue dropped by 13% as customers deferred approximately €50 million of high-margin projects into 2027. RHI Magnesita maintained full-year guidance for adjusted EBITA at €435 million (constant currency) or €400 million on a reported basis, with expectations to reduce net debt toward around €1.4 billion by year-end.
Topics: earnings ebita foreign exchange impact guidance revenue