EANS-Adhoc: RHI AG / Technical problems in Norway have negative impact on annual result 2013

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Earnings Forecast 22.07.2013

In the course of the optimization process of the newly established fusion plant in Norway, unexpected problems occurred during causter loading, which are expected to have an adverse effect in the high single-digit million range on the annual result over the coming months.

For the full year 2013, the Management Board of RHI AG still expects revenues at the level of the previous year. However, realizing the operating result margin of the year 2012 appears to be challenging in view of the new developments, negative foreign currency effects in the second quarter and the persisting difficult market conditions. As a result of the positive restructuring effects from the closing of the Chapter 11 proceedings, the EBIT margin will continue to significantly exceed the prior-year level.

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(END) Dow Jones Newswires

   July 22, 2013 11:26 ET (15:26 GMT)- - 11 26 AM EDT 07-22-13