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AMAG Posts Good Results in 2011

Published: February 29, 2012; 11:54 · (Vindobona)

The Austrian aluminum producer recorded rising sales and earnings in 2011. However, results in the fourth quarter declined.

AMAG Posts Good Results in 2011 / Picture: © Flickr

The Amag Group increased sales in 2011 by 11.7 % to € 813.1m. Sales of the fourth quarter of 2011 amounting to € 185.5m were 3 % above the level achieved in the same quarter of the prior year. The earnings before interest, taxes, depreciation and amortization (EBITDA) rose 7.7 % to € 149.7m in 2011. The EBITDA margin remained at a high level but dropped from 19.1 % to 18.4 % as a…

This article includes a total of 273 words.

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