AMAG Austria Metall AG Announces Earnings Results for the First Quarter Ended March 31, 2018; Provides EBITDA Guidance For the Full Year of 2018
May 03, 2018 at 07:39 am EDT
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AMAG Austria Metall AG announced earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenues of EUR 263.2 million against EUR 257.5 million a year ago. EBITDA was EUR 38.9 million against EUR 43.4 million a year ago, because of positive one-off effects in the previous year and start-up costs of the new plant. EBIT was EUR 18.6 million against EUR 24.7 million a year ago. Net income after taxes was EUR 12.9 million against EUR 16.5 million a year ago. Cash flow from operating activities was EUR 14.0 million against EUR 7.6 million a year ago.
For the year of 2018, the company expects EBITDA in a range between EUR 150 million and EUR 170 million.
AMAG Austria Metall AG is an Austria-based holding group company. It manages its business through four operating divisions Metal, Casting, Rolling and Service. The Metal Division includes the 20 % interest held in the Alouette smelter, and is responsible within the AMAG Group for the production of primary aluminium, the control of metal flows, the hedging of AMAGâs operating companies against aluminium price risk and the marketing of primary aluminium. Casting Division recycles aluminium scrap in order to produce high-quality casthouse alloys. Its product portfolio covers aluminium materials tailored to customer requirements in the form of ingots, sows and liquid aluminium. Rolling Division is responsible for the production and sale of rolled products (sheets, coils and plates), as well as precision and rolled plates. The rolling mill specialises in premium products for selected markets. Service Divisionâs portfolio includes facility management (building and area management).
AMAG AUSTRIA METALL AG 
