EANS-News

AMAG Austria Metall AG continues on growth track in FY 2018, setting new shipment and revenue records

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Annual Reports/Financial Figures/Balance Sheet/Annual Result

Ranshofen - AMAG continues on growth track in FY 2018, setting new shipment and
revenue records

- Market: rising global demand for aluminium; environment in 2018 characterised
by several special effects
- New records in shipments and Revenue
- Total shipments: +1 % to 424,600 tonnes
- Revenue: +6 % to EUR 1,101.6 million
- EBITDA of EUR 141.0 million down on previous year's EUR 164.5 million
especially due to higher raw materials costs
-Proposed dividend per share of EUR 1.20 unchanged compared with the previous
year

AMAG Austria Metall AG continued successfully on its growth track in the 2018
financial year. Supported by rising demand for aluminium products combined with
good progress in the ramp-up of the new plants in Ranshofen, the AMAG Group's
total shipments rose to a record of 424,600 tonnes (2017: 421,700 tonnes).

Helmut Wieser, CEO of AMAG: "We implemented our two site expansion projects
within budget and on schedule, and we are also making good progress in the
demanding ramp-up of our new facilities. In 2018, we achieved important
qualifications in the packaging, aircraft and automotive industries. This
created the basis for further growth in the coming years."

Higher shipment volumes and the higher average aluminium price contributed to a
new record revenue level, which was up by around 6 % to EUR 1,101.6 million
(2017: EUR 1,036.2 million).

The market environment and consequently also AMAG Group earnings were
significantly affected by external market factors in the 2018 financial year.
The introduction of additional US import tariffs on aluminium had a negative
impact on earnings in the mid-single-digit range in millions of euros for
shipments from Austria to the USA. The production cut ordered by the authorities
at the world's largest alumina refinery in Brazil as well as US sanctions on one
of the largest alumina and primary aluminium producers led to high price
fluctuations for alumina and aluminium. In particular, the price of alumina rose
significantly compared with the previous year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) in the
2018 financial year amounted to EUR 141.0 million, down by around 14 % on the
previous year's EUR 164.5 million. This was especially due to higher raw