AMAG Austria Metall AG

AMAG increases operating profit (EBITDA) by 45% in Q1 2015 - Seite 2

Outlook: EBITDA growth expected for 2015 The market for primary aluminium and aluminium rolled products is continuing to grow in 2015. The market research institute CRU sees respective growth rates of 6 percent and 5 percent. Growth rates of around 5 percent per year are also expected for subsequent years.

The transport industry is a key growth driver for aluminium rolled products. Here, the CRU forecasts annual growth rates of around 12% up to 2019. The automotive industry is increasingly deploying aluminium rolled products for lightweight construction to meet statutory requirements to reduce fuel consumption and CO2 emissions.

For the fiscal year 2015 the Management Board expects volume growth in the Rolling Division because of the commissioning of the new hot rolling mill. Meanwhile, a favourable currency hedge for an electricity contract for the Alouette smelter expired in the Metal Division.

Furthermore, AMAG group earnings are significantly affected by the developments of the currency markets and the aluminium price. In the first quarter of 2015, these markets were highly volatile.

Taking the conditions at the end of the first quarter into account, the Management Board expects an EBITDA range between EUR 130 million and EUR 140 million, compared with EUR 114.7 million in the previous year.

AMAG - Key figures

in EUR millions , Q1/2015 , Q1/2014 , Change Shipments in tonnes , 94,700 , 97,000 , -2.4% of which external shipments in tonnes , 88,200 , 90,900 , -3.0% Revenue , 231.0 , 202.7 , 14.0% EBITDA , 35.3 , 24.4 , 44.6% EBIT , 18.1 , 11.4 , 58.1% Net income after taxes , 12.6 , 10.4 , 21.7% Cash flow from operating activities , 13.5 , 10.4 , 29.7% Cash flow from investing activities , -16.5 , -26.4 , 37.6% Employees1) , 1,661 , 1,589 , 4.5% , , , , , , in EUR millions , 31/03/2015 , 31/12/2014 , Change Equity , 640.2 , 623.9 , 2.6% Equity ratio , 55.3% , 57.1% , - , , , 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.



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emitter: AMAG Austria Metall AG address: Lamprechtshausenerstraße 61, 5282 Ranshofen country: Austria contact person: Dipl.Kfm. Felix Demmelhuber phone: [phone] e-mail: [e-mail] website: www.amag.at

ISIN(s): AT00000AMAG3 (share) stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20150505006 ]