AMAG Austria Metall AG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 07:15 am EDT
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AMAG Austria Metall AG reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 391.61 million compared to EUR 505.39 million a year ago. Net income was EUR 24.18 million compared to EUR 45.9 million a year ago. Basic earnings per share from continuing operations was EUR 0.69 compared to EUR 1.3 a year ago.
For the six months, sales was EUR 796.38 million compared to EUR 904.35 million a year ago. Net income was EUR 51.02 million compared to EUR 78.4 million a year ago. Basic earnings per share from continuing operations was EUR 1.45 compared to EUR 2.22 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 
