AMAG Austria Metall AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 28, 2022 at 03:30 am EDT
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AMAG Austria Metall AG reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EUR 505.39 million compared to EUR 343.86 million a year ago. Net income was EUR 45.9 million compared to EUR 30.13 million a year ago. Basic earnings per share from continuing operations was EUR 1.3 compared to EUR 0.85 a year ago.
For the six months, sales was EUR 904.35 million compared to EUR 595.08 million a year ago. Net income was EUR 78.4 million compared to EUR 35.64 million a year ago. Basic earnings per share from continuing operations was EUR 2.22 compared to EUR 1.01 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 
