AMAG Expects Record in Profitability

Industrials › Industrial Goods ♦ Published: July 29, 2011; 13:48 ♦ (Vindobona)

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

AMAG Expects Record in Profitability / Picture: © AMAG

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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