02.08.2016, 6750 Zeichen

Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
quarterly report
- Successful continuation of growth course, significant increase in shipment volumes to 206,300 tonnes
Half-year earnings report significant improvement:\nEBITDA: +7 % to EUR 73.4 million\nNet income after tax: +21 % to EUR 25.9 million\nFY 2016 earnings forecast raised\nNew multi-year contract signed with Airbus\n"AMAG 2020" expansion project running on schedule and on budget\nAMAG successfully continued on its growth course in the first half of 2016, reporting a shipment volume of 206,300 tonnes. This record figure reflects the plant expansion and marked volume growth in the rolled products area.
While revenue of EUR 461.4 million was due to the aluminium price 2 % lower than in the first half of the previous year, earnings before interest, tax, depreciation and amortisation (EBITDA) were up by 7 %, from EUR 68.9 million to EUR 73.4 million. Profitability - expressed in the EBITDA margin - improved from 14.6 % to 15.9 %.
The operating profit (EBIT) of the AMAG Group amounted to EUR 39.3 million in the first half of the year, 14 % above the previous year's level of EUR 34.3 million. Net income after taxes improved by 21 %, from EUR 21.5 million to EUR 25.9 million.
The quarter-on-quarter comparison is particularly positive. EBITDA was up by 19 % in the second quarter 2016, from EUR 34.3 million to EUR 40.7 million. Net income after taxes almost doubled to EUR 18.2 million (Q2 2015: EUR 9.4 million).
Helmut Wieser, CEO of AMAG: "We are increasingly benefiting from our plant expansion and from the significantly higher output of our new hot rolling mill, which is enabling us to grow together with our international customers. We have just signed the largest contract ever concluded between AMAG and Airbus. Our combination of innovative products, high productivity and efficiency are essential preconditions for our competitiveness, and with it the positive trend in our profitability."
Most of plant expansion financed from company's own resources: The higher operating results translated into higher cashflow from operating activities. EBITDA grew by 162 % from EUR 26.6 million in the first half-year of 2015 to EUR 69.6 million, enabling most of the expenditure on the plant expansion in Ranshofen to be financed from the company's own resources. The cashflow from investing activities for the AMAG Group amounted to EUR -93.8 million in the first half of 2016 (H1 2015: EUR -28.2 million).
Helmut Wieser, CEO of AMAG: "The expansion of the Ranshofen site continues to progress rapidly. This expansion project, which will lift capacity for aluminium rolled products to more than 300,000 tonnes, is running on budget and on schedule. Commissioning will start in around a year's time. With these new plants, we are creating the foundation to expand our business with renowned customers, especially from the automotive, aerospace and packaging industries."
2016 outlook: The market for primary aluminium and aluminium rolled products is reporting further growth in 2016. Market research institute CRU forecasts growth rates of around 4%.
Taking the positive earnings trend during the first six months into account, planned maintenance works during the second half of the year, and current market conditions, the EBITDA forecast for the 2016 financial year is raised to a range between EUR 120 million and EUR 130 million. The EBITDA range published in the Q1 2016 report was stated between EUR 110 million and EUR 125 million.
AMAG - key figures: ______________________________________________________________________________ |EUR | Q2/2016| Q2/2015| Change| H1/2016| H1/2015| Change| |millions___|__________|__________|__________|__________|__________|___________| |Shipments | | | | | | | |in_tonnes__|___102,600|____97,800|_____4.9_%|___206,300|___192,500|______7.2_%| |of which | | | | | | | |external | | | | | | | |shipments | | | | | | | |in_tonnes__|____95,400|____85,500|____11.6_%|___189,800|___173,700|______9.3_%| |Revenue____|_____233.6|_____240.5|____-2.9_%|_____461.4|_____471.5|_____-2.2_%| |EBITDA_____|______40.7|______34.3|____18.7_%|______73.4|______68.9|______6.6_%| |EBIT_______|______23.8|______17.0|____39.6_%|______39.3|______34.3|_____14.3_%| |Net income | | | | | | | |after_tax__|______18.2|_______9.4|____93.6_%|______25.9|______21.5|_____20.5_%| |Cashflow | | | | | | | |from | | | | | | | |operating | | | | | | | |activities_|______34.5|______13.1|___163.5_%|______69.6|______26.6|____161.7_%| |Cashflow | | | | | | | |from | | | | | | | |investing | | | | | | | |activities_|_____-50.2|_____-11.7|__-328.6_%|_____-93.8|_____-28.2|___-232.8_%| |Employees1)|_____1,744|_____1,694|_____3.0_%|_____1,725|_____1,678|______2.8_%|
______________________________________________________________________________ |EUR_millions|___________30/06/2016|___________31/12/2015|_______________Change| |Equity______|________________611.3|________________638.0|______________(4.2_%)| |Equity_ratio|_______________52.5_%|_______________57.8_%|_____________________| |Gearing_____|_______________29.8_%|_______________17.8_%|____________________-|

1) Average number of employees (full-time equivalents) including temporary help workers and excluding apprentices. The figure includes a 20 % pro rata share of the labour force at the Alouette smelter, in line with the equity holding.


end of announcement euro adhoc

Pictures with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/5GKrC3as
http://resources.euroadhoc.com/us/vPdlIQRO
http://resources.euroadhoc.com/us/I04vAFAP


company:     AMAG Austria Metall AG
             Lamprechtshausenerstraße 61
             A-5282 Ranshofen
phone:       +43 7722 801 0
FAX:         +43 7722 809 498
mail:        investorrelations@amag.at
WWW:         www.amag.at
sector:      Metal Goods & Engineering
ISIN:        AT00000AMAG3




indexes: WBI, ATX Prime, VÖNIX, ATX BI, ATX GP


stockmarkets: official market: Wien
language:    English




Digital press kit: http://www.ots.at/pressemappe/12432/aom



  
  



 BSN Podcasts


      Christian Drastil: Wiener Börse Plausch
      
         



        
Treasury & Finance Convention Podcast: Daniel Rath (RBI)
        
      








        


        Amag




Akt. Indikation:      23.30 /     24.20

Uhrzeit:  19:03:41

Veränderung zu letztem SK:      -0.21%

Letzter SK:     23.80 (   0.00%)







 

 
 BSNgine
 
      

        
          
          
               
          
          Top/Flop Diashows
        
      
      

        
          
          
               
          
          Star/Rutsch der Stunde
        
      
      

        
          
          
               
          
          Matrix
          


        
      
      

        
          
          
               
          
          Moving Averages
          


        
      
      

        
          
          
               
          
          Märkte/ Indikationen
        
      

      


      

        
          
          
               
          
          Tagessieger/ verlierer
        
      
      

        
          
          
               
          
          „n“ Tage Top/Flop
        
      
      

        
          
          
               
          
          Umsatz
        
      
      

        
          
          
               
          
          BS-Hitparade
        
      
      

        
          
          
               
          
          Reporting Days
        
      

  
  

  



    

        
Bildnachweis
        

          
          1.
          Amag
          , (© finanzmarktfoto.at/Martina Draper)   >> Öffnen auf photaq.com
          
          


        
  

    
Aktien auf dem Radar:CA Immo, Immofinanz, Polytec Group, Warimpex, Austriacard Holdings AG, Addiko Bank, EuroTeleSites AG, Zumtobel, Wiener Privatbank, Strabag, Semperit, AT&S, Cleen Energy, Josef Manner & Comp. AG, Marinomed Biotech, Porr, Wolford, Oberbank AG Stamm, Agrana, Amag, Erste Group, EVN, Flughafen Wien, OMV, Pierer Mobility, Österreichische Post, S Immo, Telekom Austria, Uniqa, VIG, Wienerberger.
    
 



  

  
Random Partner


    

        
            
                
            
        
    
    

        

            wikifolio

            wikifolio ging 2012 online und ist heute Europas führende Online-Plattform mit Handelsstrategien für alle Anleger, die Wert auf smarte Geldanlage legen. wikifolio Trader, darunter auch Vollzeitinvestoren, erfolgreiche Unternehmer, Experten bestimmter Branchen, Vermögensverwalter oder Finanzredaktionen, teilen ihre Handelsideen in Musterportfolios, den wikifolios. Diesen kannst du einfach und direkt folgen – mit einer Investition in das zugehörige, besicherte wikifolio-Zertifikat.
        
    
    
>> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner


 


      

            

                Mehr aktuelle OTS-Meldungen HIER
            
  


      

          
Useletter
          

          Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab.
          Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

Newsletter abonnieren
          
          
Runplugged
          

            Infos über neue Financial Literacy Audio Files für die Runplugged App
            
(kostenfrei downloaden über http://runplugged.com/spreadit)
            

per Newsletter erhalten