Half Year 2023 RHI Magnesita NV Earnings Call Transcript
Hello, and welcome to the RHI Magnesita Half Year Results 2023 Webcast with Stefan Borgas, CEO; and Ian Botha, CFO. The webcast will consist of a presentation followed by Q&A. (Operator Instructions)
I would now like to hand over to Stefan to start the presentation. Stefan, please go ahead.
Thank you very much, and good morning from Vienna for this half year results presentation 2023. I would like to highlight 3 key messages from these first half results. First, we are in the middle of a period of very weak demand, which has reduced our sales volumes by 9% year-over-year. We have been able to grow our revenue in the first half through little bit higher pricing, when compared to the first half of 2022, not compared to the second half, but compared to the first half and mostly through delivering our strategic sales initiatives and through the contributions from M&A. The lower production volumes have an impact on our fixed cost absorption and increase our production per tonne of
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