Brief: AMAG Austria Metall 9-Mth Net Income After Taxes Down At EUR 11.1 Mln

AMAG Austria Metall AG

29/10/2020 06:40

Oct 29 (Reuters) - AMAG AUSTRIA METALL AG  AMAV.VI :
    * EBITDA OF EUR 79.8 MILLION COMPARED WITH EUR 109.2 MILLION
IN
FIRST THREE QUARTERS OF PREVIOUS YEAR
    * REVENUE IN FIRST THREE QUARTERS OF 2020 STOOD AT EUR 673.2
MILLION, COMPARED WITH EUR 821.5 MILLION IN PREVIOUS YEAR (-18.1
%)
    * (EBITDA) WERE REPORTED AT A TOTAL OF EUR 79.8 MILLION IN
FIRST
THREE QUARTERS, COMPARED WITH EUR 109.2 MILLION IN PRIOR YEAR
    * Q1-Q3 NET INCOME AFTER TAXES DECREASED FROM EUR 30.0
MILLION TO
EUR 11.1 MILLION
    * Q1-Q3 EBIT AMOUNTED TO EUR 17.7 MILLION, COMPARED WITH EUR
47.9
MILLION IN PREVIOUS YEAR
    * DEMAND FOR ALUMINIUM PRODUCTS CONTINUES TO BE AFFECTED BY
GLOBAL
COVID-19 PANDEMIC
    * IT IS ASSUMED THAT PRE-CORONAVIRUS LEVELS IN SECTORS THAT
AMAG
SUPPLIES - WITH EXCEPTION OF PACKAGING AND AIRCRAFT - WILL NOT
BE REACHED AGAIN UNTIL 2022 AT EARLIEST
    * ANTICIPATES FULL-YEAR EBITDA FOR AMAG GROUP IN A RANGE
BETWEEN
EUR 90 MILLION AND EUR 100 MILLION

Source text for Eikon:  ID:nAPAbQ3GZb 
Further company coverage:  AMAV.VI 

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