AMAG Austria Metall AG continued its positive earnings trend in the third quarter of 2016, and reported significant year-on-year earnings growth in the January to September period.
As part of the Austria-wide Community Days, which are held during the 29th Planetary Congress of the Association of Space Explorers, AMAG invited three astronauts to Ranshofen on 5 October.
AMAG 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.
- Multiyear supply contract signed on July 15, 2016 in Toulouse
- Significant increase of business volume and extension of product range
- Delivery of aluminium plate, sheet and coil for all Airbus aircraft programs
AMAG Austria Metall AG has made a good start to 2016. With revenue of EUR 227.8 million (Q1/2015: EUR 231.0 million) and earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR 32.7 million (Q1/2015: EUR 35.3 million), the previous year's levels were almost reached, although the lower aluminium price exerted a negative effect on earnings of around EUR 16 million.
AMAG Austria Metall AG’s Supervisory Board reached a unanimous decision in its meeting on 12 April 2016 to prematurely renew the contract of Chief Executive Officer Helmut Wieser until 31 December 2018.
Business trends at AMAG Austria Metall AG in 2015 were characterised by marked improvements in revenue and operating earnings (EBITDA).