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euro adhoc: Didier Werke AG (english)

Wien, 19.05.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.



Didier Werke AG Preliminary results Didier-Werke 2003

Didier-Werke is presenting the (preliminary)results for 2003 according to IFRS for the first time; the figuresfor 2002 were also converted to IFRS.

The Didier reported sales revenues of EUR 433.1 million(previous year: EUR 541.9 million) in the financial year 2003, down20% on the previous year mainly due to the sale of the Engineeringdivision at June 30, 2002.

In 2002, the operating result (EBIT) of the Didier Group amounted toEUR 16.5 million (previous year: EUR 13.9 million), profit beforeincome taxes was EUR 18.6 million in 2003 (previous year: EUR 4.0million). The change in the profit for 2002 as published according toGerman Commercial Code (HGB) in the previous year results fromdifferent valuation and the fact that certain expenses were recordedin different years due to the change from HGB to IFRS.

Net income of the Didier Group in 2003 amounted to EUR 9.7 million(previous year: EUR-16.0 million), Didier?s net income attributableto the shareholders of Didier-Werke AG after minorities came to EUR9.5 million (previous year: EUR-15.8 million).

The profit of Didier-Werke AG amounted to EUR 20.5 million in 2003(previous year: EUR 10.4 million).

At December 31, 2003, RHI AG held, directly and indirectly, 97.52% ofthe share capital of Didier-Werke AG.

Following the sale of the Engineering division in 2002, Didier willin future focus on the core competence Refractories within the RHIGroup. Under the global RHI Refractories brand, Didier-Werke makesrefractories for the production of steel, glass, non-ferrous metalsas well as the environment, energy and chemicals industry. Didier isextremely well positioned as technologically accepted and globallyattractive product brand for their customers.

Further inquiry note:Didier-Werke AG Investor RelationsMarkus RichterTelefon: +43/1/502 13 - 6123Fax: +43/1/502 13 - 6130mailto:markus.richter@rhi-ag.comTel: +43-0-50213-0FAX: +43-0-50213-6213Email: rhi@rhi-ag.com

Ende der Mitteilung

WKN: 553700ISIN: DE0005537005Marktsegment: CDAX, official dealing Frankfurter Wertpapierbörse

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