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Thursday 10 January, 2019

Amag Austria Metall Ag

EANS-Adhoc: AMAG Austria Metall AG: Preliminary results 2018

PR Newswire/euro adhoc/

EANS-Adhoc: AMAG Austria Metall AG: Preliminary results 2018

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  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.
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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)
* Casting Division: approx. EUR 8 million (2017: EUR 5.7 million)
* Rolling Division: approx. EUR 96 million (2017: EUR 105.9 million)
* Service Division: approx. EUR 15 million (2017: EUR 11.5 million)


For 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.




Further inquiry note:
Investor relations contact:				
Felix Demmelhuber					
Head of Investor Relations		
AMAG Austria Metall AG				
Lamprechtshausenerstrasse 61
5282 Ranshofen, Austria			
Tel.:   +43 (0) 7722-801-2203 			 
Email: [email protected]

end of announcement                         euro adhoc
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issuer:       AMAG Austria Metall AG
              Lamprechtshausenerstra├če 61
              A-5282 Ranshofen
phone:        +43 7722 801 0
FAX:          +43 7722 809 498
mail:         [email protected]
WWW:          www.amag.at
ISIN:         AT00000AMAG3
indexes:      WBI, ATX BI, ATX GP, V├ľNIX
stockmarkets: Wien
language:     English
                
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