Metals and Mining
Company Overview of AMAG Austria Metall AG
AMAG Austria Metall AG, together with its subsidiaries, produces, processes, and distributes aluminum, and aluminum wrought and cast products. It operates through Metal, Casting, Rolling, and Service divisions. The Metal division produces and markets primary aluminum, and manages metal production streams. The Casting division produces cast aluminum alloys from aluminum scrap for use by various sectors, including the automotive sector and supply industry, as well as the engineering and electrical engineering sectors. Its product portfolio covers materials tailored to customer requirements in the form of ingots, sows, and liquid aluminum. The Rolling division manufactures rolled aluminum produ...
Lamprechtshausener Strasse 61
PO Box 3
Key Executives for AMAG Austria Metall AG
Chairman of Management Board and Chief Executive Officer
Total Annual Compensation: €1.2M
Chief Financial Officer and Member of Management Board
Total Annual Compensation: €772.5K
Chief Operating Officer, Chief Technology Officer and Member of Management Board
Total Annual Compensation: €772.5K
Compensation as of Fiscal Year 2016.
AMAG Austria Metall AG Key Developments
AMAG Austria Metall AG Announces Earnings Results for the Year Ended December 31, 2016; Provides Earnings Guidance for the Year of 2017
Feb 28 17
AMAG Austria Metall AG announced earnings results for the year ended December 31, 2016. For the year, the company reported revenue of EUR 906.2 million against EUR 913.3 million a year ago. Higher shipment volumes almost fully offset effects from the lower average aluminium price. EBITDA was EUR 143.0 million against EUR 123.9 million a year ago. EBIT was EUR 73.0 million against EUR 54.7 million a year ago. Net income after taxes was EUR 46.3 million against EUR 40.5 million a year ago. Cash flow from operating activities was EUR 114.9 million against EUR 109.9 million a year ago.
For 2017, the management board is confident that EBITDA can at least reach the level of the 2016 financial year.
AMAG Austria Metall AG to Report Fiscal Year 2016 Results on Feb 25, 2017
Jan 26 17
AMAG Austria Metall AG announced that they will report fiscal year 2016 results on Feb 25, 2017
AMAG Austria Metall AG Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Revises Earnings Guidance for the Year 2016
Nov 3 16
AMAG Austria Metall AG announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenue was EUR 225.7 million compared with EUR 232.9 million a year ago. EBITDA was EUR 36.3 million compared with EUR 33.2 million a year ago. EBIT was EUR 19.4 million compared with EUR 15.9 million a year ago. Net income after taxes was EUR 12.7 million compared with EUR 12.0 million a year ago. Cash flow from operating activities was EUR 31.9 million compared with EUR 51.0 million a year ago.
For the nine months, the company's revenue was EUR 687.1 million compared with EUR 704.5 million a year ago. Effects from the lower aluminum price were almost offset by higher shipment volumes especially in the Rolling Division. EBITDA was EUR 109.7 million compared with EUR 102.1 million a year ago. Especially higher shipment volumes in the Rolling Division and more favorable raw materials costs and cost optimization at the Alouette smelter in Canada contributed to this result. EBIT was EUR 58.6 million compared with EUR 50.3 million a year ago. Net income after taxes was EUR 38.5 million compared with EUR 33.5 million a year ago. Cash flow from operating activities was EUR 101.5 million compared with EUR 77.6 million a year ago.
The company expects EBITDA of around EUR 135 million for the 2016 financial year, thereby again upgrading its earnings forecast of EBITDA in the range of EUR 120 million to EUR 130 million.
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