Decreasing Profit at AMAG

Published: May 4, 2012; 11:42 · (Vindobona)

The Austrian aluminum producer published its results of the first quarter of 2012. Sales were down by 3.0% to € 207.7m, EBIT fell by 9.0% to € 22.4m.

Decreasing Profit at AMAG / Picture: ©

At € 207.7m in the first quarter of 2012 (first quarter of 2011: € 214.6m), the AMAG Group’s sales declined by a mere 3% in spite of the price of aluminum declining by 9%. Compared to the previous quarter, however, sales were up 12%. External shipment volumes were stable at 82,600 t due to plant capacity utilization being almost at its limit.

The earnings before interest,…

This article includes a total of 528 words.

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