RHI Magnesita's London-listed shares surge on strong EBITA performance

RHI Magnesita

10/11/2025 09:24

** London-listed shares of refractory products supplier RHI Magnesita NV RHIM.VI, RHIM.L surge 15.5% to 2,305p

** Top gainer on FTSE Mid 250 index .FTMC, which is up 0.86%

** Company posts 12.7% EBITA margin in July-Oct period vs 8.4% in H1, showing significant operational improvement

** Co says on track to deliver full-year adjusted EBITA of 370mln-390mln euros (about $431mln-$454mln)

** Peel Hunt notes guidance reiteration "encouraging" amid cautious Q3 updates from European steel mills

** YTD, stock down nearly 29%

($1 = 0.8575 euros)

 (Reporting by Tuhina in Bengaluru)

 ((Tuhina@thomsonreuters.com))