RHI Magnesita NV (CHIX:RHIMl)
£ 29.4 +0.25 (+0.86%) Market Cap: 1.40 Bil Enterprise Value: 2.63 Bil PE Ratio: 11.54 PB Ratio: 1.34 GF Score: 75/100
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Full Year 2024 RHI Magnesita NV Earnings Call Transcript

Feb 27, 2025 / 08:15 AM GMT
Release Date Price: £34.65 (-7.10%)

Key Points

Positve
  • RHI Magnesita NV (RMGNF) achieved an increase in adjusted EBITA margins from 11.4% to 11.7%, despite facing declining demand and weaker pricing.
  • The company completed a significant EUR391 million acquisition of Resco Products in North America, marking its largest acquisition since the 2017 merger, which is expected to bring substantial benefits to the US market.
  • RHI Magnesita NV (RMGNF) maintained a strong cash conversion rate above 100% and controlled gearing within the guided range.
  • The company is on track to meet its 2025 decarbonization targets and has set ambitious new sustainability goals for 2030.
  • RHI Magnesita NV (RMGNF) has launched innovative technologies like the Raptor sorting technology to enhance recycling capabilities, demonstrating its commitment to sustainability and operational excellence.
Negative
  • RHI Magnesita NV (RMGNF) faced a third consecutive year of declining demand from customers, impacting overall revenue.
  • The company experienced a 1% decline in sales volumes and a 6% reduction in pricing, leading to a challenging revenue environment.
  • The backward integration margin contribution was at a record low of 0.8%, due to low magnesite prices and low capacity utilization at raw material plants.
  • The start of 2025 has been weak with no visible recovery in demand across industries, posing a challenge for future growth.
  • Pricing pressure and ongoing low volume demand are expected to continue, potentially impacting margins and financial performance in 2025.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RHIM.L - RHI Magnesita NV
Full Year 2024 RHI Magnesita NV Earnings Call
Feb 27, 2025 / 08:15AM GMT

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Presentation
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Unidentified_1 [1]
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RHI Magnaita, the global leader in refractories, we master heat, enabling global industries to build sustainable modern life. Our cutting edge solutions drive performance in high temperature processes worldwide. We are committed to innovation, excellence, and sustainability.

RHI Magnacia, the driving force of the refractory industry.

Welcome to RHI Magnacita's 2024 full year results live from Vienna.

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Unidentified_2 [2]
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Thank you very much and welcome.

Everybody joining us here in Vienna, Ian and I will lead you through the
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