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AMAG Expects Record in Profitability
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The Austrian manufacturer of aluminum products reported a strong development in the first half of 2011. Sales were up 21%, EBIT grew by 18% to € 59.9m

In the first six months of the year under review, AMAG Austria Metall AG (AMAG) clearly outperformed the results of the comparable period of the prior year. Sales rose by 21% to € 429.2m. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 12% to € 81.9m and achieved a new record level in the comparable period. EBIT grew by 18% to € 59.5m. An…
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