EANS-News

AMAG Austria Metall AG reports solid results in volatile market environment - IMAGE

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Mid Year Results

Ranshofen -

* Attractive market growth in primary aluminium and aluminium rolled products
* Market environment significantly impacted by special factors
* Strategic growth track in H1 2018 characterised by qualifications and targeted
specific investments
* Revenue up 0.8 % to EUR 539.5 million
* As expected, EBITDA down year-on-year to EUR 86.2 million due to higher raw
materials costs and start-up costs (H1/2017: EUR 92.4 million)
* 2018 outlook: EBITDA in a range between EUR 150 million and EUR 170 million

AMAG Austria Metall AG successfully continued on its organic growth track during
the first half of 2018. The market environment - which is characterised by
annual demand growth for primary aluminium and aluminium rolled products - was
particularly impacted by special factors. The US administration introduced
additional import tariffs for aluminium, which, following a second postponement,
now also affect deliveries from the European Union and Canada from June 1, 2018.
Capacity cuts by Brazilian authorities to the world's largest alumina refinery
as well as US sanctions against Russia led to market concerns about supply
shortages in aluminium and alumina. High price fluctuations were the
consequence.

Helmut Wieser, CEO of AMAG: "Especially in such turbulent times, it becomes
clear that AMAG, with its integrated site in Ranshofen and its 20 % interest in
the Alouette smelter in Canada, is very well positioned strategically. The
ability to make recourse to the company's own primary aluminium produced in
Canada and our own casting and recycling capacities ensure a high level of
supply security for our Ranshofen site."

The AMAG Group achieved shipments of 204,700 tonnes in the first half of 2018.
This level was down 5 % compared with the previous year (H1 2017: 214,800
tonnes), particularly reflecting the planned modernisation activities in the
Metal and Casting divisions. Shipment volumes in the Rolling Division registered
further growth compared with the first half of the previous year, in line with
the strategic growth program.

Revenue in the first half of 2018 amounted to EUR 539.5 million, slightly above
the previous year's level of EUR 535.4 million.
Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted