EANS-News: AMAG Austria Metall AG / Double-digit revenue and EBITDA growth in 2015

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annual result/Financial Figures/Balance Sheet

AMAG: Double-digit revenue and EBITDA growth in 2015

* Continued high market growth in aluminium products * Increase in
revenue and EBITDA despite aluminium price decline: - Revenue up by
11 % to EUR 913.3 million - EBITDA of EUR 126.7 million rises by 10
% year-on-year * Proposed dividend of EUR 1.20 per share remains
unchanged year-on-year * Successful continuation of the company's
strategic development

Business trends at AMAG Austria Metall AG in 2015 were characterised
by marked improvements in revenue and operating earnings (EBITDA).

Helmut Wieser, AMAG CEO: "Both revenue and EBITDA grew at
double-digit rates year-on-year. We achieved a significant increase
in earnings with our recycling foundry alloys and rolled products
that we manufacture at our Ranshofen site, which more than offset the
aluminium price driven earnings decline from our 20 % interest in the
Alouette smelter in Canada."

The revenue of the AMAG Group grew by 11.0 % from EUR 823.0 million
in the previous year to EUR 913.3 million. Earnings before interest,
tax, depreciation and amortisation (EBITDA) increased by 10.5 %,
rising from EUR 114.7 million to EUR 126.7 million.

The AMAG Group achieved an operating result (EBIT) of EUR 57.6
million in the 2015 financial year, compared with EUR 59.0 million in
the previous year.

Consolidated net income after taxes of EUR 42.7 million was below the
previous year's EUR 59.2 million, which was affected by extraordinary
items in the area of deferred taxes and the financial result.

Dividend unchanged year-on-year The improvement in operating earnings
(EBITDA) is also reflected in higher cash flow from operating
activities, which was up by 15.5 % to EUR 109.9 million (2014: EUR
95.2 million). Taking this positive trend into account, the
Management Board is proposing to the AGM to pay a year-on-year
unchanged dividend of EUR 1.20 per share. This corresponds to a
dividend yield of 3.8 % in relation to the volume-weighted average
share price in 2015.

AMAG's solid balance sheet structure The equity of AMAG increased
from EUR 623.9 million at the end of 2014 to EUR 643.4 million as of
the balance sheet date at the end of 2015. The equity ratio also
improved from 57.4 % to 58.4 %. Despite the past years' high level of
investment, net financial debt of EUR 113.8 million remains at a
solid level (December 31, 2014: EUR 93.0 million). Gearing amounted
to 17.7 % as of the end of the year (December 31, 2014: 14.9 %).

Plant expansion The "AMAG 2014" expansion project was brought to a
successful conclusion in 2015. Final acceptance certificates were
issued to the main plant suppliers, and the ramp-up is also running
to schedule. A total of around 18,000 tonnes of high-quality rolled
products were already produced in the new plant in 2015.

Work on the "AMAG 2020" strategy project is also proceeding in line
with planning. Construction work on the approximately 55,000 m² plant
will start in spring of 2016. Commissioning will occur in 2017. The
"AMAG 2020" strategy project comprises a total volume of around EUR
300 million, and will boost the Rolling Division's production
capacity to more than 300,000 tonnes. A total of around 250 further
jobs will be created at the company's Austrian headquarters in
Ranshofen.

Helmut Wieser, AMAG's CEO: "With the installation of our new cold
rolling mill and the additional finishing plants, we are developing
Ranshofen into one of the world's most state-of-the-art and flexible
locations for aluminium rolled products. By expanding our broadly
diversified product portfolio towards formats of more than 2,000 mm
width, we are becoming a full-range supplier of special products in
the areas of automotive, aerospace, sports articles, electronics and
packaging."

FY 2016 outlook

Growth in demand for aluminium products will continue in 2016,
according to the latest forecasts from the market research institute
CRU. With regard to primary aluminium, CRU sees global demand
increasing by 5.0 %. Demand for aluminium rolled products is expected
to grow by 5.2 % in 2016.

This high demand growth establishes a good foundation for a positive
business development in 2016. The future aluminium price trend has a
significant influence on the results of the AMAG Group. Consequently,
in view of the high aluminium price volatility, it is too early to
provide an earnings forecast for the 2016 financial year.

AMAG - Key figures

_____________________________________________________________________
________ |in_EUR_million___|_______________2015|_______________2014|_
____________Change| |Shipments in | 381,300|
375,900| 1.4 %| |tonnes___________|___________________|_
__________________|___________________| |of which external|
| | | |shipments in |
347,100| 352,100| -1.4 %|

|tonnes___________|___________________|___________________|___________________|
|Revenue__________|______________913.3|______________823.0|_____________11.0_%|
|EBITDA___________|______________126.7|______________114.7|_____________10.5_%|
|EBIT_____________|_______________57.6|_______________59.0|_____________-2.3_%|

|Net income after | 42.7| 59.2|
-27.9 %| |taxes____________|___________________|___________________|_
__________________| |Cash flow from | |
| | |operating | 109.9|
95.2| 15.5 %| |activities_______|___________________|____
_______________|___________________| |Cash flow from |
| | | |investing |
-91.2| -118.4| 23.0 %|

|activities_______|___________________|___________________|___________________|
|Employees1)______|______________1,704|______________1,638|______________4.0_%|

______________________________________________________________________________
|in_EUR_million|_______Dec._31,_2015|_______Dec._31,_2014|_______________Change|
|Equity________|_______________643.4|_______________623.9|________________3.1_%|
|Equity_ratio__|______________58.4_%|______________57.4_%|____________________-|

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.

Further inquiry note:
Felix Demmelhuber
Head of Investor Relations
AMAG Austria Metall AG
Lamprechtshausenerstrasse 61
5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-2203
Email: investorrelations@amag.at

end of announcement euro adhoc
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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