AMAG Exceeds EUR 1 Billion Revenue Level for First Time in Its History

IndustrialsBasic Resources ♦ Published: February 27, 2018; 13:30 ♦ (Vindobona)

AMAG Austria Metall AG continued on its growth track in the 2017 financial year, achieving its best operating result historically (Revenue: +14 % to EUR 1,036.2 million; EBITDA: +15 % to EUR 164.5 million) and reaching a milestone for further organic growth with the commissioning of its new cold rolling mill and further finishing plants. Net income after taxes amounted to EUR 63.2 million (+36 %).

AMAG exceeds the EUR 1 billion revenue level for the first time in its history / Picture: © AMAG

* Market: high demand growth worldwide, significant increase in aluminium price
* New cold rolling mill commissioned on schedule in 2017
* Total shipment volumes up 4 % to 421,700 tonnes

* Double-digit revenue and earnings growth:
o Revenue: +14 % to EUR 1,036.2 million
o EBITDA: +15 % to EUR 164.5 million
o Net income after taxes: +36 % to EUR…

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