RHI Magnesita Deutschland AG
Didier-Werke AG english
Didier half year results 2002 positive despite weak industrial cycle
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Didier half year results 2002 positive despite weak industrial cycle
Didier-Werke is an essential part of the RHI Group. Following the successful
sale of the Engineering Division in the first half of 2002, Didier now focuses
on the core competence Refractories within the worldwide production and sales
network of RHI Refractories.
Sales revenue of the Didier Group amounted to EUR 303.9 million in the first
half of 2002; EUR 232.9 million of this amount were accounted for by the core
business Refractories and EUR 71.0 million by the Engineering Division, which
was deconsolidated as of June 30, 2002. Despite the largely weak industrial
cycle in the customer industries of RHI Refractories, business development and
capacity utilization at the plants were overall positive in the first half of
2002.
The operating result before depreciation and amortization (EBITDA) amounted to
EUR 23.0 million in the first half of 2002.
The operating result (EBIT) amounted to EUR 11.1 million for the core business
refractories in the first half of the year and was thus within the framework of
expectations. The EBIT for the Engineering Division contained in the half-year
results amounts to EUR 0 million due to the sale and deconsolidation of this
division.
The Board of Management of Didier-Werke AG expects a continuing stable situation
for the refractories business in the second half of 2002 and overall positive
contributions to earnings.
end of ad-hoc-announcement (c)DGAP 28.08.2002
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WKN: 553700; ISIN: DE0005537005; Index:
Listed: Amtlicher Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf und
München
280759 Aug 02
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