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RHI Magnesita

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Index
FTSE 250
ISIN
Not specified
Book status
2026 edition — current
01

Company summary

RHI Magnesita is a global supplier of refractory products and services used to protect high-temperature industrial processes. Its largest customers are steelmakers, with additional exposure to cement, glass, non-ferrous metals and industrial applications.

02

Key activities

Manufacture and supply of refractory bricks, monolithics and related minerals, engineering, installation, maintenance and lifecycle-management services for high-temperature plants.

03

Key markets

Global steel and industrial markets, with operations and customers across Europe, the Americas, India, China and other emerging markets.

04

Key drivers

Global steel production, refractory pricing, raw-material integration, cost savings, market share, acquisition synergies, industrial demand and debt reduction.

05

Key risks

Weak steel demand, energy and raw-material costs, currency movements, leverage, Chinese competition, industrial cyclicality and integration of acquisitions.

06

Recent Developments

31 July 2026: H1 adjusted EBITA rose 17% to €165m, or 42% at constant currency, despite an €24m FX headwind, while the adjusted EBITA margin improved to 10.3%. Self-help savings, stronger steel performance and deleveraging are expected to remain major earnings drivers into 2027.

07

Dividend notes

RHI Magnesita normally pays an interim dividend equal to one-third of the previous final dividend. The 2026 interim is €0.60 per share, unchanged year on year, payable on 24 September to shareholders on the register on 28 August; the 2025 final was €1.20.

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