EANS-News: AMAG Austria Metall AG in H1 2016: Record shipments and significant earnings growth (with photo)

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quarterly report

- Successful continuation of growth course, significant increase in
shipment volumes to 206,300 tonnes - Half-year earnings report
significant improvement: - EBITDA: +7 % to EUR 73.4 million - Net
income after tax: +21 % to EUR 25.9 million - FY 2016 earnings
forecast raised - New multi-year contract signed with Airbus - "AMAG
2020" expansion project running on schedule and on budget

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.

While revenue of EUR 461.4 million was due to the aluminium price 2 %
lower than in the first half of the previous year, earnings before
interest, tax, depreciation and amortisation (EBITDA) were up by 7 %,
from EUR 68.9 million to EUR 73.4 million. Profitability - expressed
in the EBITDA margin - improved from 14.6 % to 15.9 %.

The operating profit (EBIT) of the AMAG Group amounted to EUR 39.3
million in the first half of the year, 14 % above the previous year's
level of EUR 34.3 million. Net income after taxes improved by 21 %,
from EUR 21.5 million to EUR 25.9 million.

The quarter-on-quarter comparison is particularly positive. EBITDA
was up by 19 % in the second quarter 2016, from EUR 34.3 million to
EUR 40.7 million. Net income after taxes almost doubled to EUR 18.2
million (Q2 2015: EUR 9.4 million).

Helmut Wieser, CEO of AMAG: "We are increasingly benefiting from our
plant expansion and from the significantly higher output of our new
hot rolling mill, which is enabling us to grow together with our
international customers. We have just signed the largest contract
ever concluded between AMAG and Airbus. Our combination of innovative
products, high productivity and efficiency are essential
preconditions for our competitiveness, and with it the positive trend
in our profitability."

Most of plant expansion financed from company's own resources: The
higher operating results translated into higher cashflow from
operating activities. EBITDA grew by 162 % from EUR 26.6 million in
the first half-year of 2015 to EUR 69.6 million, enabling most of the
expenditure on the plant expansion in Ranshofen to be financed from
the company's own resources. The cashflow from investing activities
for the AMAG Group amounted to EUR -93.8 million in the first half of
2016 (H1 2015: EUR -28.2 million).

Helmut Wieser, CEO of AMAG: "The expansion of the Ranshofen site
continues to progress rapidly. This expansion project, which will
lift capacity for aluminium rolled products to more than 300,000
tonnes, is running on budget and on schedule. Commissioning will
start in around a year's time. With these new plants, we are creating
the foundation to expand our business with renowned customers,
especially from the automotive, aerospace and packaging industries."

2016 outlook: The market for primary aluminium and aluminium rolled
products is reporting further growth in 2016. Market research
institute CRU forecasts growth rates of around 4%.

Taking the positive earnings trend during the first six months into
account, planned maintenance works during the second half of the
year, and current market conditions, the EBITDA forecast for the 2016
financial year is raised to a range between EUR 120 million and EUR
130 million. The EBITDA range published in the Q1 2016 report was
stated between EUR 110 million and EUR 125 million.

AMAG - key figures: ________________________________________________
______________________________ |EUR | Q2/2016| Q2/2015|
Change| H1/2016| H1/2015| Change| |millions___|__________|___
_______|__________|__________|__________|___________| |Shipments |
| | | | | | |in_tonnes_
_|___102,600|____97,800|_____4.9_%|___206,300|___192,500|______7.2_%|

|of which | | | | | | |
|external | | | | | | |
|shipments | | | | | | |
|in_tonnes__|____95,400|____85,500|____11.6_%|___189,800|___173,700|______9.3_%|
|Revenue____|_____233.6|_____240.5|____-2.9_%|_____461.4|_____471.5|_____-2.2_%|
|EBITDA_____|______40.7|______34.3|____18.7_%|______73.4|______68.9|______6.6_%|
|EBIT_______|______23.8|______17.0|____39.6_%|______39.3|______34.3|_____14.3_%|
|Net income | | | | | | |
|after_tax__|______18.2|_______9.4|____93.6_%|______25.9|______21.5|_____20.5_%|
|Cashflow | | | | | | |
|from | | | | | | |
|operating | | | | | | |
|activities_|______34.5|______13.1|___163.5_%|______69.6|______26.6|____161.7_%|
|Cashflow | | | | | | |
|from | | | | | | |
|investing | | | | | | |
|activities_|_____-50.2|_____-11.7|__-328.6_%|_____-93.8|_____-28.2|___-232.8_%|
|Employees1)|_____1,744|_____1,694|_____3.0_%|_____1,725|_____1,678|______2.8_%|

______________________________________________________________________________
|EUR_millions|___________30/06/2016|___________31/12/2015|_______________Change|
|Equity______|________________611.3|________________638.0|______________(4.2_%)|
|Equity_ratio|_______________52.5_%|_______________57.8_%|_____________________|
|Gearing_____|_______________29.8_%|_______________17.8_%|____________________-|

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.

Pictures with Announcement:
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http://resources.euroadhoc.com/us/5GKrC3as
http://resources.euroadhoc.com/us/vPdlIQRO
http://resources.euroadhoc.com/us/I04vAFAP

Further inquiry note:
Investor contact:
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

Press contact:
Leopold Pöcksteiner
Head of Strategy, Communication, Marketing
AMAG Austria Metall AG
Lamprechtshausenerstrasse 61
5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-2205
Email: publicrelations@amag.at

end of announcement euro adhoc
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Pictures with Announcement:
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http://resources.euroadhoc.com/us/5GKrC3as
http://resources.euroadhoc.com/us/vPdlIQRO
http://resources.euroadhoc.com/us/I04vAFAP

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