AMAG Austria Metall AG Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022
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AMAG Austria Metall AG reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was EUR 399 million compared to EUR 251.2 million a year ago. Net income was EUR 32.5 million compared to EUR 5.1 million a year ago. Basic earnings per share from continuing operations was EUR 0.92 compared to EUR 0.16 a year ago.
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 