AMAG: Sales and Net Income Down

Businessn.a. ♦ Published: August 2, 2013; 16:20 ♦ (Vindobona)

Due to the declining aluminum price, the Austrian aluminum producer posts smaller profits. All divisions working at full capacity.

AMAG: Sales and Net Income Down / Picture: ©

Consolidated sales amounted to 412 mEUR in the first half of 2013, some 5% lower than the 433 mEUR recorded a year earlier, mainly as a result of the 8% or 165 USD/t drop in the average aluminium price. Second-quarter sales slipped by 6% year on year to 210 mEUR, again as a result of falling aluminium prices.

Earnings before interest, taxes, depreciation and…

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