Q1 2023 RHI Magnesita NV Trading Statement Call Transcript
Hello, and welcome to today's RHI Magnesita Q1 2023 Trading Update. My name is Bailey and I'll be your moderator for today's call. (Operator Instructions)
I would now like to pass the conference over to our host, Stefan Borgas, CEO. Please go ahead.
Thank you very much. Good morning, everyone. Thanks for joining us. I'm joined on this call by our CFO, Ian Botha; and our IR team, Chris and Annabel. We're happy to report what happened in the first quarter of this year and then answer all of your questions, of course.
Before we go into the details, let me try to give you the summary, 4 takeaways. First, we have been able to extend the strong pricing and margins that we had established in the fourth quarter of last year into the first quarter of this year. Therefore, we are on track to achieve at least our guidance for 2023. This is the positive news.
Second message, volumes have been lower, markedly lower. We expected this because of the slowdown in many, many of our
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