Latest news with #RHIMagnesita
Yahoo
28-04-2025
- Business
- Yahoo
Should You Be Excited About RHI Magnesita N.V.'s (LON:RHIM) 11% Return On Equity?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of RHI Magnesita N.V. (LON:RHIM). Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for RHI Magnesita is: 11% = €154m ÷ €1.4b (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. So, this means that for every £1 of its shareholder's investments, the company generates a profit of £0.11. Check out our latest analysis for RHI Magnesita Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. Pleasingly, RHI Magnesita has a superior ROE than the average (5.5%) in the Basic Materials industry. That's what we like to see. With that said, a high ROE doesn't always indicate high profitability. Aside from changes in net income, a high ROE can also be the outcome of high debt relative to equity, which indicates risk. Our risks dashboardshould have the 4 risks we have identified for RHI Magnesita. Most companies need money -- from somewhere -- to grow their profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking. RHI Magnesita clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.28. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Debt increases risk and reduces options for the company in the future, so you generally want to see some good returns from using it. Return on equity is useful for comparing the quality of different businesses. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. It is important to consider other factors, such as future profit growth -- and how much investment is required going forward. So you might want to check this FREE visualization of analyst forecasts for the company. Of course RHI Magnesita may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
22-03-2025
- Business
- Yahoo
Analysis-EU's red tape cuts leave big businesses wanting more
By Kate Abnett BRUSSELS (Reuters) - Austrian manufacturer RHI Magnesita spends about 1 million euros of its roughly 400 million euros earnings a year ensuring it complies with EU rules on corporate sustainability. A first wave of reforms to peel back layers of red tape will do little to cut that bill, it says. The European Union's 52-page 'Simplification Omnibus', which would exempt smaller companies from sustainability reporting and pare back obligations on supply chain transparency, has left bigger companies like RHI Magnesita frustrated and pushing for more. The reforms were billed as a drive to remove layers of bureaucracy that cost European businesses time and money and set them at a disadvantage against cheaper rivals in China and in the U.S. where the Trump administration is aggressively rolling back regulation to spur growth. "It looks, at least at first glance, that it actually doesn't change very much," RHI Magnesita's chief executive Stefan Borgas told Reuters. RHI Magnesita says it conducts an additional audit and employs three or four full-time employees to collect the amount of data required by the EU law, which asks companies to report on more than 1,000 sustainability data points. The firm's global business spans 65 production sites and employs 20,000 staff. It reported adjusted earnings before tax, interest and amortization of 407 million euros in 2024. February's proposals were part of a broader package of EU reforms aimed at bolstering European competitiveness and encouraging industry to decarbonise. EU leaders discussed further rounds of reforms at a summit in Brussels on Thursday, where they published a joint statement asking the Commission to target rules around industrial decarbonisation and defence next. The European Commission's proposals to curb sustainability rules will bring relief to businesses employing fewer than 1,000 staff, which the plans would exempt from the reporting rules. It forecasts companies will save 4.4 billion euros ($4.77 billion) per year. Larger companies are likely to benefit more from proposed changes to supply chain transparency rules, which the Commission says would more than halve the estimated annual compliance costs of 480,000 euros for the largest companies. Still, big business remains unconvinced. The AFEP group of the 118 biggest private businesses in France said the proposals "do not correct the bureaucratic burden" for larger companies. Gwenaelle Avice Huet, Europe head of French blue-chip Schneider Electric, with annual revenues of 38 billion euros, said big companies have "been a little bit set aside". However, she did welcome the shelving of plans to introduce more specific reporting for each sector. "At least this one has been postponed," Huet said. "But this is really minimal. We aren't talking about simplification." DIVISIONS OVER DEREGULATION Not everyone is in favour of the deregulation drive. Opponents say it reduces corporate accountability and the ability to root out issues around human rights or the environment in large firms' operations. Some investors say the changes would make it harder to decide where to put money to help the bloc reach its climate goals. RHI Magnesita boss Borgas said the time and costs involved for the fireproof materials manufacturer to fulfil its obligations are resources that "at the end of the day, we cannot invest in CO2 emission reductions." There is growing recognition amongst some European Commissioners that even as the bloc maintains it will not walk back its net zero emission target and other climate goals, excessive red tape is a drain on competitiveness. "We realised that we created an economy around these new texts with new specialists, new companies, consulting firms," European Commission industry chief Stephane Sejourne said, of the sweeping nature of sustainability laws, prior to the proposed changes. Europe-wide industry group BusinessEurope said its members expected the U.S. 'deregulation agenda' to divert investment away from Europe. Further 'simplification' packages for autos and farming regulations are already in the works. "In a way, this proposal opens the door for wish lists for more changes," said one senior EU diplomat. The proposals must still be approved by European lawmakers, amongst whom there are deep divisions. Earlier proposals seen by Reuters would have loosened the rules further, exempting more companies. They were changed after push back from some Commissioners, EU officials told Reuters. Some say Brussels is not solely to blame for excessive red tape. Bulgarian EU lawmaker, Radan Kanev, with the European People's Party said much of it was the result of national governments poorly implementing EU rules, creating layers of overlapping EU, national and regional bureaucracy. A 2024 paper by the Columbia Business School and New York University Shanghai found the economic cost of red tape varies significantly between EU countries - from just 0.1% of GDP in Austria, to 3.9% in France. "This is a problem which is so deeply connected to what happens in our national bureaucracies that I'm afraid it's not easily solvable," Kanev said. ($1 = 0.9218 euros)
Zawya
21-03-2025
- Business
- Zawya
EU's red tape cuts leave big businesses wanting more
BRUSSELS - Austrian manufacturer RHI Magnesita spends about 1 million euros of its roughly 400 million euros earnings a year ensuring it complies with EU rules on corporate sustainability. A first wave of reforms to peel back layers of red tape will do little to cut that bill, it says. The European Union's 52-page 'Simplification Omnibus', which would exempt smaller companies from sustainability reporting and pare back obligations on supply chain transparency, has left bigger companies like RHI Magnesita frustrated and pushing for more. The reforms were billed as a drive to remove layers of bureaucracy that cost European businesses time and money and set them at a disadvantage against cheaper rivals in China and in the U.S. where the Trump administration is aggressively rolling back regulation to spur growth. "It looks, at least at first glance, that it actually doesn't change very much," RHI Magnesita's chief executive Stefan Borgas told Reuters. RHI Magnesita says it conducts an additional audit and employs three or four full-time employees to collect the amount of data required by the EU law, which asks companies to report on more than 1,000 sustainability data points. The firm's global business spans 65 production sites and employs 20,000 staff. It reported adjusted earnings before tax, interest and amortization of 407 million euros in 2024. February's proposals were part of a broader package of EU reforms aimed at bolstering European competitiveness and encouraging industry to decarbonise. EU leaders discussed further rounds of reforms at a summit in Brussels on Thursday, where they published a joint statement asking the Commission to target rules around industrial decarbonisation and defence next. The European Commission's proposals to curb sustainability rules will bring relief to businesses employing fewer than 1,000 staff, which the plans would exempt from the reporting rules. It forecasts companies will save 4.4 billion euros ($4.77 billion) per year. Larger companies are likely to benefit more from proposed changes to supply chain transparency rules, which the Commission says would more than halve the estimated annual compliance costs of 480,000 euros for the largest companies. Still, big business remains unconvinced. The AFEP group of the 118 biggest private businesses in France said the proposals "do not correct the bureaucratic burden" for larger companies. Gwenaelle Avice Huet, Europe head of French blue-chip Schneider Electric, with annual revenues of 38 billion euros, said big companies have "been a little bit set aside". However, she did welcome the shelving of plans to introduce more specific reporting for each sector. "At least this one has been postponed," Huet said. "But this is really minimal. We aren't talking about simplification." DIVISIONS OVER DEREGULATION Not everyone is in favour of the deregulation drive. Opponents say it reduces corporate accountability and the ability to root out issues around human rights or the environment in large firms' operations. Some investors say the changes would make it harder to decide where to put money to help the bloc reach its climate goals. RHI Magnesita boss Borgas said the time and costs involved for the fireproof materials manufacturer to fulfil its obligations are resources that "at the end of the day, we cannot invest in CO2 emission reductions." There is growing recognition amongst some European Commissioners that even as the bloc maintains it will not walk back its net zero emission target and other climate goals, excessive red tape is a drain on competitiveness. "We realised that we created an economy around these new texts with new specialists, new companies, consulting firms," European Commission industry chief Stephane Sejourne said, of the sweeping nature of sustainability laws, prior to the proposed changes. Europe-wide industry group BusinessEurope said its members expected the U.S. 'deregulation agenda' to divert investment away from Europe. Further 'simplification' packages for autos and farming regulations are already in the works. "In a way, this proposal opens the door for wish lists for more changes," said one senior EU diplomat. The proposals must still be approved by European lawmakers, amongst whom there are deep divisions. Earlier proposals seen by Reuters would have loosened the rules further, exempting more companies. They were changed after push back from some Commissioners, EU officials told Reuters. Some say Brussels is not solely to blame for excessive red tape. Bulgarian EU lawmaker, Radan Kanev, with the European People's Party said much of it was the result of national governments poorly implementing EU rules, creating layers of overlapping EU, national and regional bureaucracy. A 2024 paper by the Columbia Business School and New York University Shanghai found the economic cost of red tape varies significantly between EU countries - from just 0.1% of GDP in Austria, to 3.9% in France. "This is a problem which is so deeply connected to what happens in our national bureaucracies that I'm afraid it's not easily solvable," Kanev said. ($1 = 0.9218 euros) (Reporting by Kate Abnett; additional reporting by Lili Bayer and Julia Payne; editing by Richard Lough and Elaine Hardcastle)
Reuters
21-03-2025
- Business
- Reuters
EU's red tape cuts leave big businesses wanting more
BRUSSELS, March 21 (Reuters) - Austrian manufacturer RHI Magnesita spends about 1 million euros of its roughly 400 million euros earnings a year ensuring it complies with EU rules on corporate sustainability. A first wave of reforms to peel back layers of red tape will do little to cut that bill, it says. The European Union's 52-page 'Simplification Omnibus ', which would exempt smaller companies from sustainability reporting and pare back obligations on supply chain transparency, has left bigger companies like RHI Magnesita ( opens new tab frustrated and pushing for more. The reforms were billed as a drive to remove layers of bureaucracy that cost European businesses time and money and set them at a disadvantage against cheaper rivals in China and in the U.S. where the Trump administration is aggressively rolling back regulation to spur growth. "It looks, at least at first glance, that it actually doesn't change very much," RHI Magnesita's chief executive Stefan Borgas told Reuters. RHI Magnesita says it conducts an additional audit and employs three or four full-time employees to collect the amount of data required by the EU law, which asks companies to report on more than 1,000 sustainability data points. The firm's global business spans 65 production sites and employs 20,000 staff. It reported adjusted earnings before tax, interest and amortization of 407 million euros in 2024. February's proposals were part of a broader package of EU reforms aimed at bolstering European competitiveness and encouraging industry to decarbonise. EU leaders discussed further rounds of reforms at a summit in Brussels on Thursday, where they published a joint statement asking the Commission to target rules around industrial decarbonisation and defence next. The European Commission's proposals to curb sustainability rules will bring relief to businesses employing fewer than 1,000 staff, which the plans would exempt from the reporting rules. It forecasts companies will save 4.4 billion euros ($4.77 billion) per year. Larger companies are likely to benefit more from proposed changes to supply chain transparency rules, which the Commission says would more than halve the estimated annual compliance costs of 480,000 euros for the largest companies. Still, big business remains unconvinced. The AFEP group of the 118 biggest private businesses in France said the proposals "do not correct the bureaucratic burden" for larger companies. Gwenaelle Avice Huet, Europe head of French blue-chip Schneider Electric ( opens new tab, with annual revenues of 38 billion euros, said big companies have "been a little bit set aside". However, she did welcome the shelving of plans to introduce more specific reporting for each sector. "At least this one has been postponed," Huet said. "But this is really minimal. We aren't talking about simplification." DIVISIONS OVER DEREGULATION Not everyone is in favour of the deregulation drive. Opponents say it reduces corporate accountability and the ability to root out issues around human rights or the environment in large firms' operations. Some investors say the changes would make it harder to decide where to put money to help the bloc reach its climate goals. RHI Magnesita boss Borgas said the time and costs involved for the fireproof materials manufacturer to fulfil its obligations are resources that "at the end of the day, we cannot invest in CO2 emission reductions." There is growing recognition amongst some European Commissioners that even as the bloc maintains it will not walk back its net zero emission target and other climate goals, excessive red tape is a drain on competitiveness. "We realised that we created an economy around these new texts with new specialists, new companies, consulting firms," European Commission industry chief Stephane Sejourne said, of the sweeping nature of sustainability laws, prior to the proposed changes. Europe-wide industry group BusinessEurope said its members expected the U.S. 'deregulation agenda' to divert investment away from Europe. Further 'simplification' packages for autos and farming regulations are already in the works. "In a way, this proposal opens the door for wish lists for more changes," said one senior EU diplomat. The proposals must still be approved by European lawmakers, amongst whom there are deep divisions. Earlier proposals seen by Reuters would have loosened the rules further, exempting more companies. They were changed after push back from some Commissioners, EU officials told Reuters. Some say Brussels is not solely to blame for excessive red tape. Bulgarian EU lawmaker, Radan Kanev, with the European People's Party said much of it was the result of national governments poorly implementing EU rules, creating layers of overlapping EU, national and regional bureaucracy. A 2024 paper by the Columbia Business School and New York University Shanghai found the economic cost of red tape varies significantly between EU countries - from just 0.1% of GDP in Austria, to 3.9% in France. "This is a problem which is so deeply connected to what happens in our national bureaucracies that I'm afraid it's not easily solvable," Kanev said. ($1 = 0.9218 euros)
Yahoo
20-02-2025
- Business
- Yahoo
Refractories Market worth $42.4 billion by 2029, at a CAGR of 4.4%, says MarketsandMarkets™
Delray Beach, FL, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The Global Refractories Market size is projected to grow from USD 34.3 billion in 2024 to USD 42.4 billion by 2029, at a CAGR of 4.4% during the forecast period, as per the recent study by MarketsandMarkets™. Refractories are specialized materials engineered to withstand high temperatures and harsh conditions encountered in industrial processes such as steelmaking, glass production, cement manufacturing, and chemical processing. Composed of heat-resistant minerals and ceramics, refractories provide thermal insulation, mechanical strength, and resistance to chemical corrosion, making them essential components in furnaces, kilns, reactors, and other high-temperature equipment. These materials come in various forms, including bricks, castables, and monolithic formulations, tailored to suit specific application requirements. The refractories market is experiencing growth due to several key factors. Firstly, increasing industrialization, particularly in sectors such as steel, cement, and chemicals, is driving demand for refractory materials to withstand high temperatures and harsh operating conditions. Additionally, ongoing infrastructure development projects worldwide are fueling demand for construction materials like cement, which in turn boosts the need for refractories in cement production. Moreover, advancements in refractory technology are enhancing material performance and extending the lifespan of refractory linings, further driving market growth. Download PDF Brochure: Browse in-depth TOC on 'Refractories Market' 323 - Market Data Tables 55 – Figures 282 - Pages List of Key Players in Global Refractories Market: RHI Magnesita (Austria) Vesuvius (UK) Krosaki Harima Corporation (Japan) Imerys (France) Shinagawa Refractories Co., Ltd. (Japan) Saint-Gobain (France) Calderys (France) Drivers, Opportunities and Challenges in Refractories Market: Drivers: Increasing infrastructure investments worldwide Restraint: China's monopoly over raw materials Opportunity: Recycling of refractories Challenge: Fluctuations in raw material prices. Get Sample Pages: Key Findings of the Study: The Acidic & Neutral segment is expected to register the highest growth in the global refractories market during the forecast period. Iron & Steel segment dominated the market in 2023. The Shaped refractories segment is the fastest growing segment in the refractories market. Asia Pacific region is the fastest growing market for refractories. The Refractories market is categorized by form into shaped and unshaped refractories. Shaped refractories are pre-formed into specific shapes such as bricks, tiles, and special shapes to fit various industrial applications. These include silica bricks, magnesite bricks, and alumina bricks, among others, each tailored to withstand specific operating conditions. Unshaped refractories, on the other hand, are monolithic materials that are applied in a plastic, patching, or ramming form directly onto equipment surfaces. This category includes castables, gunning mixes, and plastic refractories, offering flexibility and ease of application in complex or irregularly shaped areas. Both types of refractories play critical roles in industries requiring high-temperature resistance, with shaped refractories providing structural integrity and unshaped refractories offering adaptability and convenience in installation. The market for Refractories is segmented, based on alkalinity into Acidic & neutral, and Basic. Acidic refractories, comprising materials like silica (SiO2) and alumina (Al2O3), offer excellent resistance to acidic environments and find applications in industries such as glassmaking and ceramics. Neutral refractories, which include balanced proportions of alumina and silica, exhibit resistance to both acidic and basic slags, making them versatile choices for industries like cement manufacturing and petrochemical processing. In contrast, basic refractories, composed of basic oxides such as magnesium oxide (MgO) and calcium oxide (CaO), provide exceptional resistance to basic slag and high temperatures, making them crucial for applications in steelmaking and other metallurgical processes. The selection of refractory type depends on the specific requirements of the industrial process, including the materials involved, operating conditions, and chemical environments encountered. The Acidic & Neutral segment dominates the market. Get Customization on this Report: The Refractories market is categorized by end-use industry into Iron & Steel, Non-ferrous Metal, Cement, Power generation, Glass, and Other Industries. Iron and steel production represents the largest end-use industry for refractories globally. These specialized materials line the inner walls of furnaces and other equipment, providing crucial thermal insulation, mechanical strength, and resistance to chemical corrosion. With the demanding nature of steelmaking requiring high thermal stability and erosion resistance, refractories play a pivotal role in maintaining operational efficiency and prolonging equipment lifespan. The Refractories market is regionally segmented into Asia Pacific (APAC), Europe, North America, the Middle East & Africa, and South America. In 2023, Asia Pacific held the largest market share in terms of value. Asia Pacific is the largest consumer of Refractories across the globe, with major end-use industry companies present in the region. The region has witnessed tremendous growth in the past few years, attributable to growing population, increased constructional activities, growing economies, favorable investment policies. RHI Magnesita is a global leader in the refractories industry, formed by the merger of RHI AG and Magnesita Refratários SA. With a rich heritage spanning over a century, the company boasts unparalleled expertise in providing innovative refractory solutions to a wide range of industries worldwide, including steel, cement, non-ferrous metals, and more. Leveraging advanced technology and a robust global network, RHI Magnesita offers a comprehensive portfolio of high-quality refractory products and services, catering to the evolving needs of its diverse customer base. Its commitment to research and development, coupled with a focus on sustainability and operational excellence, positions RHI Magnesita at the forefront of the refractories market, driving growth and delivering value to its stakeholders. Vesuvius, established in 1916 and headquartered in London, stands as a premier global provider of molten metal flow engineering solutions and advanced refractories. With a century-long legacy of innovation and expertise, Vesuvius serves diverse industries including steel, foundry, and glass. Their extensive portfolio and commitment to research and development empower them to deliver tailored solutions that optimize efficiency and enhance performance. Through their global presence and customer-centric approach, Vesuvius continues to drive advancements in molten metal flow control and refractory technology, supporting industries worldwide in achieving their operational excellence goals. Browse Adjacent Markets Ceramics and Glass Market Research Reports & Consulting Related Reports: Precast Concrete Market Graphene Market Green Hydrogen Market Recycled Plastics Market Solar Photovoltaic Glass Market CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. 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