Brief: AMAG Austria Metall AG: H1 Net Profit After Tax 51.0 Million EUR

AMAG Austria Metall AG

27/07/2023 06:21

July 27 (Reuters) - Amag Austria Metall Ag  AMAV.VI :
    * H1 NET PROFIT AFTER TAX 51.0 MILLION EUR
    * H1 REVENUE 796.4 MILLION EUR VERSUS 904.3 MILLION EUR YEAR
AGO
    * SUCCESSFUL FIRST HALF-YEAR WITH SIGNIFICANT CASH FLOW
GROWTH
    * DEMAND SIGNIFICANTLY MORE SUBDUED IN SOME CASES SINCE Q2
OF 2023
    * REVENUE OF EUR 796.4 MILLION FOLLOWING A RECORD IN
PREVIOUS YEAR
(H1/2022: EUR 904.3 MILLION)
    * EBITDA OF EUR 117.8 MILLION CLEARLY REFLECTS SUCCESSFUL
FIRST
HALF-YEAR (H1/2022: EUR 156.5 MILLION)
    * NET INCOME AFTER TAXES AGAIN AT AN ATTRACTIVE LEVEL OF EUR
51.0
MILLION (H1/2022: EUR 78.4 MILLION)
    * SIGNIFICANT GROWTH IN CASH FLOW FROM OPERATING ACTIVITIES
TO EUR
68.0 MILLION (H1/2022: EUR -84.1 MILLION)
    * OUTLOOK FOR 2023: EBITDA BETWEEN EUR 160 MILLION AND EUR
190
MILLION ASSUMING NO UNEXPECTED SIGNIFICANT DETERIORATION IN
ECONOMIC SITUATION AND A CONTINUED STABLE ALUMINIUM PRICE

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

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))