Business
Half-year Report
Half-year Report.
About this update from Rhi Magnesita Nv
[{"type":"text","content":"\n \n \n \n RNS Number : 6786G\n RHI Magnesita N.V.\n 28 July 2021\n \n \n \n \n RHI Magnesita N.V.\n \n \n (\"RHI Magnesita\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Positive revenue momentum offset by margin headwinds in supply chain\n \n \n RHI Magnesita, \n the leading global supplier of high-grade refractory products, systems and solutions, \n today announces its unaudited results for the six months ended 30 June 2021 (\"H1 2021\" or the \"Period\").\n \n \n Financial results\n \n \n \n \n \n \n (€m unless stated otherwise)\n \n \n \n \n H1 2021\n \n \n Adjusted1\n \n \n \n \n H1 2020\n \n \n Adjusted\n \n \n \n \n Change\n \n \n \n \n H1 2020\n \n \n Constant Currency\n \n \n Adjusted2\n \n \n \n \n Change \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 1,200\n \n \n \n \n 1,171\n \n \n \n \n 2.5%\n \n \n \n \n 1,099\n \n \n \n \n 9.3%\n \n \n \n \n \n \n Adjusted EBITA\n \n \n \n \n 128\n \n \n \n \n 133\n \n \n \n \n (4.0)%\n \n \n \n \n 126\n \n \n \n \n 1.1%\n \n \n \n \n \n \n Adjusted EBITA margin\n \n \n \n \n 10.7%\n \n \n \n \n 11.4%\n \n \n \n \n (70)bps\n \n \n \n \n 11.5%\n \n \n \n \n (80)bps\n \n \n \n \n \n \n Adjusted EPS \n \n \n \n \n €2.05\n \n \n \n \n €1.77\n \n \n \n \n 16%\n \n \n \n \n \n \n \n \n \n \n \n \n Net debt\n \n \n \n \n 812\n \n \n \n \n 666\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net debt to adjusted LTM EBITDA\n \n \n \n \n 2.2x\n \n \n \n \n 1.5x\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n H1 2021\n \n \n Reported\n \n \n \n \n H1 2020\n \n \n Reported\n \n \n \n \n \n \n Revenue\n \n \n \n \n 1,200\n \n \n \n \n 1,171\n \n \n \n \n \n \n EBITA\n \n \n \n \n 1363\n \n \n \n \n 112\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n 125\n \n \n \n \n 70\n \n \n \n \n \n \n EPS\n \n \n \n \n €2.01\n \n \n \n \n €1.03\n \n \n \n \n \n \n Dividend\n \n \n \n \n €0.50\n \n \n \n \n \n €0.50\n \n \n 4\n \n \n \n \n \n \n \n \n \n \n \n \n \n 1 \n \n Adjusted figures are APMs which reflect the way in which Management assesses the underlying performance of the business. Full details of the APMs, together with definitions and a technical glossary are set out below\n \n \n \n 2 \n \n H1 2020 adjusted for c...