EANS-News: AMAG Austria Metall AG continues positive earnings trend in Q3 2016 (with photo)

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quarterly report

First nine months' highlights: - Shipment volumes, supported by new
hot rolling mill, up 7 % to 309,000 tonnes - Revenue of EUR 687.1
million down 2 % year-on-year due to the Aluminium price - EBITDA
rises 7 % to EUR 109.7 million - Net income after taxes up 15 % to
EUR 38.5 million - FY 2016 earnings forecast raised - "AMAG 2020"
expansion project running on budget and on schedule

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.

The shipment volumes of AMAG amounted to 309,000 tonnes during the
first three quarters of 2016, up 7 % on the previous year's level.
Shipments of aluminium rolled products increased by 15 % during the
same period to a record level of 153,900 tonnes. The revenue of AMAG
of EUR 687.1 million during the first nine months of 2016 was 2 %
below the previous year's figure. Effects from the lower aluminium
price were almost offset by higher shipment volumes especially in the
Rolling Division.

Helmut Wieser, CEO of AMAG Austria Metall AG: "The positive trend in
shipment volumes and results during the first three quarters confirms
our growth course. With the expansion of our capacities as well as
the product portfolio, we are enhancing our competitiveness and
expanding our role as an attractive growth and innovation partner for
our customers."

Earnings before interest, tax, depreciation and amortisation (EBITDA)
were up by 7 % during the first three quarters of the year, growing
from EUR 102.1 million to EUR 109.7 million. Especially higher
shipment volumes in the Rolling Division and more favourable raw
materials costs and cost optimisation at the Alouette smelter in
Canada contributed to this result.

The operating profit (EBIT) of the AMAG Group amounted to EUR 58.6
million in the first nine months of the year, 17 % above the previous
year's level of EUR 50.3 million. Net income after taxes stood at EUR
38.5 million, representing 15 % growth compared with the first nine
months of the previous year.

Higher operating cash flow: Improved results translated into higher
cash flow from operating activities, which amounted to EUR 101.5
million during the first nine months of the year (Q1 to Q3 2015: EUR
77.6 million). Most of the higher level of capital expenditure,
driven by the "AMAG 2020" expansion project, was covered as a
consequence. Cash flow from investing activities amounted to EUR
-127.4 million in the reporting period (Q1 to Q3 2015: EUR -55.5
Million).

2016 outlook: The market for primary aluminium and aluminium rolled
products is reporting growth of around 4 % in 2016, according to
estimates from market research institute CRU.

Taking conditions as of the end of September 2016 into account, the
Management Board of AMAG Austria Metall AG expects EBITDA for the
AMAG Group of around EUR 135 million for the 2016 financial year,
thereby again upgrading its earnings forecast compared with its H1
2016 report (EBITDA range: EUR 120 million to EUR 130 million).

AMAG - key figures: ________________________________________________
______________________________ |EUR | Q3/2016| Q3/2015|
Change|Q1-Q3/2016|Q1-Q3/2015| Change| |millions___|__________|___
_______|__________|__________|__________|___________| |Shipments |
| | | | | | |in_tonnes_
_|___102,700|____97,600|_____5.2_%|___309,000|___290,000|______6.6_%|

|of which | | | | | | |
|external | | | | | | |
|shipments | | | | | | |
|in_tonnes__|____95,900|____88,600|_____8.2_%|___285,600|___262,400|______8.8_%|
|Revenue____|_____225.7|_____232.9|____-3.1_%|_____687.1|_____704.5|_____-2.5_%|
|EBITDA_____|______36.3|______33.2|_____9.4_%|_____109.7|_____102.1|______7.5_%|
|EBIT_______|______19.4|______15.9|____21.4_%|______58.6|______50.3|_____16.6_%|
|Net income | | | | | | |
|after_taxes|______12.7|______12.0|_____5.6_%|______38.5|______33.5|_____15.2_%|
|Cash flow | | | | | | |
|from | | | | | | |
|operating | | | | | | |
|activities_|______31.9|______51.0|___-37.5_%|_____101.5|______77.6|_____30.8_%|
|Cash flow | | | | | | |
|from | | | | | | |
|investing | | | | | | |
|activities_|_____-33.5|_____-27.3|___-22.6_%|____-127.4|_____-55.5|___-129.3_%|
|Employees1)|_____1,808|_____1,752|_____3.2_%|_____1,752|_____1,702|______2.9_%|

______________________________________________________________________________
|EUR_millions|___________30/09/2016|___________31/12/2015|_______________Change|
|Equity______|________________616.3|________________638.0|_______________-3.4_%|
|Equity_ratio|_______________51.1_%|_______________57.8_%|____________________-|
|Gearing_____|_______________30.0_%|_______________17.8_%|____________________-|

1) Average number of employees (full-time equivalents) including
temporary help workers and excluding apprentices. The figure includes
a 20 percent 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/RTCfRLTK

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/RTCfRLTK

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

Original-Content von: AMAG Austria Metall AG, übermittelt durch news aktuell