AMAG Austria Metall AG: Preliminary results 2018

10.01.2019, 2039 Zeichen

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Annual Result 10.01.2019
Ranshofen - On the basis of preliminary and unaudited figures, the 2018 results of the AMAG Group are as follows:
With total shipments of approx. 424,600 tonnes (2017: 421,700 tonnes), revenue increased to approx. EUR 1.1 billion (2017: EUR 1.0 billion).
The preliminary EBITDA of the AMAG Group in the 2018 financial year of approx. EUR 141 million (2017: EUR 164.5 million) is below the earnings guidance published on October 31, 2018. This is mainly caused by unfavourable valuation effects in Q4/2018, especially in connection with the decrease in the aluminium and alumina price at the end of 2018. Furthermore, earnings are influenced by slightly deviations in shipments and start-up costs for the site expansion.
Preliminary EBITDA by divisions:
Metal Division: approx. EUR 23 million (2017: EUR 41.3 million)\nCasting Division: approx. EUR 8 million (2017: EUR 5.7 million)\nRolling Division: approx. EUR 96 million (2017: EUR 105.9 million)\nService Division: approx. EUR 15 million (2017: EUR 11.5 million)\nFor the 2019 financial year, the Management Board assumes further growth in shipments due to the strategic growth path. However, it is still too early to issue an earnings forecast.
Further details on the 2018 financial year and the 2019 outlook will be disclosed in the course of the publication of the annual report on February 28, 2019.
end of announcement euro adhoc
issuer: 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 ISIN: AT00000AMAG3 indexes: WBI, ATX BI, ATX GP, VÖNIX stockmarkets: Wien language: English
Digital press kit: http://www.ots.at/pressemappe/12432/aom

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1. Mit der Standorterweiterung in Ranshofen baut die AMAG ihre Rolle als Innovations- und Wachstumspartner weiter aus. Der Hochlauf des Warmwalzwerks, welches Ende 2014 in Betrieb gegangen ist, wurde im abgelaufenen Geschäftsjahr 2016 erfolgreich fortgesetzt. Die Inbetriebnahme des neuen Kaltwalzwerks wird Mitte des Jahres 2017 erfolgen. - AMAG Austria Metall AG: AMAG Austria Metall AG / Deutliche Er , (© Aussendung)   >> Öffnen auf photaq.com

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