RHI Magnesita NV (GB:RHIM) has released an update.
RHI Magnesita reported steady revenue despite challenging market conditions, mainly due to M&A contributions and its innovative 4PRO product offerings. The company is experiencing pricing pressures and higher raw material costs, but operational efficiencies have helped maintain EBITA margins above 11%. Looking ahead, RHI Magnesita expects an increase in profitability in Q4, supported by strong performances in India and new contracts in the green steel sector.
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