RHI Magnesita N.V. (RHIM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Today's RHI Magnosita Q1 trading update. My name is Seb and I'll be the operator for your call today. If you'd like to ask a question during the Q&A session, please press star 1 on your telephone keypad. If you'd like to withdraw your question, please press star 2. You can also submit text questions via the webcast. I will now hand you over to Stefan Borges, CEO, to begin. Please go ahead. Thank you very much. Good morning from Vienna. I'm Stefan, the Archive Minister CEO. I'm joined here in the room by Ian, both our CFO and our industrial relations team around Alex Aldos. Let me give you the highlights, the key messages for the last three months, or the first three months of the year, and then I give you a bit of more granularity around this, and Ian will give you some headline numbers. The four key messages. Unfortunately, demand for refractories across both of the big market segments, steel and industrial, was slightly weaker in the first quarter of 2026. than in the appropriate time period in 2025. Our own volumes into the steel market were more or less in line with prior year, with some pricing coming through, pricing benefits coming through, but our industrial project-related volumes remain subdued even compared to last year. First message. Really, still very such demand. Second message, our adjusted EBITDA increased meaningfully year on year, which was all related to the continued execution of our self-help initiatives that we have put in place and that we continue to accelerate. Some pricing actions to catch up with cost increases, actually. a lot of cross-discipline around our company, network optimization in our production network, and some targeted supply chain measures also supported this EBITDA growth. Additional activities around the geopolitical surpri...