RHI Magnesita's 2025 revenue, EPS miss estimates

RHI Magnesita

02/03/2026 07:13

Overview

Refractory supplier's 2025 revenue fell 3%, missing analyst expectations

Adjusted EPS for 2025 missed analyst expectations, declining 21% yr/yr

Company's strong H2 driven by self-help measures amid challenging market conditions

Outlook

Adjusted EBITA for FY 2026 expected to rise 17% to €435 mln on constant currency basis

Net debt expected to reduce, with leverage decreasing to around 2.6x by year-end

Market conditions remain challenging with global uncertainty affecting customer demand

Result Drivers

SELF-HELP MEASURES - Management-led actions in pricing, cost control, and plant optimization drove stronger H2 performance

RESCO ACQUISITION - Integration of Resco contributed €184 mln in revenue and €25 mln in Adjusted EBITA, boosting North American performance

REGIONAL PERFORMANCE - North America saw growth, while Europe faced declines; cost savings improved European profitability

Company press release: ID:nRSB8894Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
EUR 3.37 bln
EUR 3.47 bln (5 Analysts)
FY Adjusted EPS
Miss
EUR 4.18
EUR 4.20 (5 Analysts)
FY Adjusted EBITA
EUR 373 mln
FY Adjusted EBITA Margin
11.10%
FY Net Debt
EUR 1.50 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction materials peer group is "buy"

Wall Street's median 12-month price target for RHI Magnesita NV is GBp3,825.00, about 14.3% above its February 27 closing price of GBp3,345.00

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)