AMAG Group Records Strong Sales and Revenue Growth

Industrials › Industrial Goods ♦ Published: May 3, 2011; 09:50 ♦ (Vindobona)

Sales rise 27% to € 214.6 m (Q1 2010: € 168.6 m) EBITDA rises 15% to € 35.9 m from € 31.1 m.

AMAG Group Records Strong Sales and Revenue Growth / Picture: © Vindobona.org

Austria Metall AG ("AMAG"), an Austrian manufacturer of primary aluminium and high-quality aluminium cast and flat-rolled products, was able to increase sales in Q1 2011 by 27% compared to the previous year, to € 214.6 m from € 168.6 m.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 15% compared to the first quarter of the record year 2010,…

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