AMAG Austria Metall AG Reports Earnings Results for the Second Quarter of 2016; Provides Earnings Guidance for the Full Year of 2016
July 14, 2016 at 07:11 am EDT
Share
AMAG Austria Metall AG reported earnings results for the second quarter of 2016. For the quarter, the company announced the preliminary EBITDA is of approximately EUR 40 million, about 15% above the level of the previous years comparable period. Net income after taxes increased to roughly EUR 18 million.
The company provided earnings guidance for the full year of 2016. For the period, the company expects increased EBITDA to a range of EUR 120 million to EUR 130 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 
