RHI Share

Good start to the year

The stock exchange year 2007 was characterised by turbulence affecting both the RHI share and the ATX (Austrian Traded Index). In the first half of the year, good company results and strong demand for Austrian shares drove the Viennese market, with the ATX hitting its high of 4,981.87 points in July. The RHI share started the year at a price of € 38.69 and continued the positive development of 2006 in January 2007 until it reached its annual high of € 42.73 in May 2007.

Subprime-crisis dominates financial markets

While the first signs of a subprime crisis in spring 2007 were considered an American problem, the European stock exchanges were also captivated by these developments by the summer. The closure of hedge funds and the losses of large international banks led to a regrouping to investments involving less risk in the capital market and a retreat of the world stock exchanges. The fear of more negative news gave rise to high volatility in the financial markets. Shares with high market capitalisation were preferred by investors. These developments led to a significant correction in the
Viennese market, which the RHI share was unable to elude. In December, the share hit its annual low of € 25.69 and closed at € 28.00 at the end of the year.

Increased trading volume

The turnover of RHI shares traded on the Vienna Stock Exchange rose by approx. 25% in the reporting period and amounted to € 2,906 million. In the lead index ATX, RHI was weighted at 1.17% at year-end 2007, in the ATX Prime at 0.96%.