EANS-Adhoc: AMAG Austria Metall AG Increase in the earnings forecast due to
the good earnings trend in the second quarter of 2016
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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Earnings Forecast/quarterly report
14.07.2016
On the basis of preliminary figures for the second quarter of 2016, AMAG Austria
Metall AG increases its earnings forecast for the current financial year.
The preliminary EBITDA of the AMAG Group for the second quarter of 2016 is
approximately EUR 40 million, about 15 % above the level of the previous year's
comparable period. Net income after taxes increased to roughly EUR 18 million.
AMAG benefited from the site expansion in the Rolling Division, from
productivity gains, and from lower raw material costs and currency effects in
the Metal Division.
Taking the earnings performance in the first six months, the planned maintenance
work for the second half of the year and the current market conditions into
account, the EBITDA forecast for the 2016 financial year has been increased to a
range of EUR 120 million to EUR 130 million. The previous EBITDA range, which
was announced as part of the reporting on the first quarter of 2016, was between
EUR 110 million and EUR 125 million.
All figures stated in this announcement are preliminary. More details on the
improved outlook and the earnings figures will be given with the publication of
the half-year report on August 2, 2016.
Further inquiry note:
Investor contact:
Dipl.-Kfm. 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
end of announcement euro adhoc
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issuer: 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