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AMAG Austria Metal AG sales of 1,101.6 million euros



Ranshofen (A) AMAG Austria Metall AG continued successfully in 2018. Thanks to the growth in the demand for aluminum products, along with the positive progress of the new Ranshof plant, AMAG Group achieved sales totaling 424,600 tons (2017: 421,700 tons).

Helmut Wieser, Managing Director of AMAG: "Two location expansion projects have been carried out in the budget and schedule and we are making great progress in the rigorous ramp of new installations." In 2018, we obtained significant degrees in the ships, aerospace and automotive industries, which the Foundation achieved the greatest growth in the coming years. "

Higher volumes and average aluminum prices have led to a new sales record. These increased by 6% to 1,101.6 million euros (2017: 1,036.2 million euros).

The market environment and, therefore, the result of the AMAG Group was also the effect of the external market in the year 2018. US import duties have had a negative impact on the complementary aluminum from revenues from Austria to the United States, in the mid-to-millennium-digit mid-quarter. Aluminum aluminum and aluminum aluminum aluminum and aluminum aluminum Aluminum Aluminum Aluminum Aluminum Aluminum Aluminum Aluminum Aluminum Aluminum Cut Aluminum Cut Aluminum Reduced. In particular, clay prices rose sharply from the previous year.

Profit before interest, taxes, depreciation and amortization amounted to 141.0 million euros in 2018, which is 14% down on the previous year, 164.5 million euros. Above all, higher prices of raw materials were the costs of US imports in aluminum, higher expansion of the site expansion and devalued valuations at the end of the year. Therefore, the operating result (EBIT) also ranged from 86.8 to 60.6 million euros. In the year 2018, the AMAG Group earned a profit of 44.5 million euros (2017: 63.2 million euros).

The free budget money was 11.5 million euros from the previous year of 6.3 million euros. The liquidation flow of operating activities totaled € 94.3 million (2017: € 101.8 million), offset the cash flow of investment activities to offset € 82.8 million (2017: -108.2 million euros).

AMAG has a solid balance and financing structure. The shareholding amounted to € 607.9 million, € 620.9 million in two balance sheets. With the success of the payment remittance loan, long-term financing was established in good terms. For this reason, the total assets totaled 1,404.9 million euros during the year 2017 and at 31 December 2016, totaling 1,561.2 million euros. The increase in the balance at the end of 2018 was lower (39.8%). December 2017: 43.3%).

Fun attractive
For the year 2018, the Executive Committee of the Annual General Assembly will hold a modification of 1.20 euros with respect to the previous year. Dividend yield is around 4%, AMAG quota end price, € 31.20.

Outlook 2019:
According to the current forecasts of the CRU of the market research institute, the first aluminum and aluminum rolled products will be demanded in 2019 and is expected worldwide over the next five years.

By 2019, CRU expects the global demand for primary aluminum to grow around 3%. The global demand for aluminum rolled products is expected to increase by about 4%. The highest percentage increase is expected in the transport sector, with an increase of around 7%.

The promising growth of the market, the good balance and the growth investments are a good starting point for the coming years.

Gerald Mayer, Managing Director and CEO of AMAG, from March 1 to 2019.
"We will continue our growth strategy continuously and AMAG will continue to increase volume growth in the year 2019, which will bring 300,000 tonnes of aluminum rolled product sales to the goal". According to the experience, the commodity markets may be subject to price fluctuations because they can have a profitable impact on the AMAG Group. For this reason, forecasts for the year 2019 are still premature, especially for economic uncertainties, such as the UK exit from the EU and the delayed sales of passenger cars.


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