Brief: AMAG Austria Metall FY 2021 EBITDA Up At EUR 186.2 Mln

AMAG Austria Metall AG

17/02/2022 06:38

Feb 17 (Reuters) - AMAG AUSTRIA METALL AG  AMAV.VI :
    * RECORD EARNINGS IN FY 2021 WITH SHIPMENT VOLUMES RETURNING
TO
PRE-CRISIS LEVELS
    * FY EBITDA ROSE 72 PERCENT TO 186.2 MILLION EUR
    * DIVIDEND 1.50 EURPER SHARE
    * FY REVENUE 1.259 BILLION EUR
    * FY REVENUE OF EUR 1,259.4 MILLION CLEARLY ABOVE PREVIOUS
YEAR'S
LEVEL DUE TO INCREASED SHIPMENT VOLUMES AND HIGH ALUMINIUM
PRICES (2020:EUR 904.2 MILLION)
    * FY EBITDA ACHIEVES SIGNIFICANT GROWTH OF +72 % TO EUR
186.2
MILLION(2020: EUR 108.2 MILLION)
    * FY NET INCOME AFTER TAXES UP ALMOST SIXFOLD TO EUR 64.6
MILLION
(2020:EUR 11.1 MILLION*)
    * DIVIDEND PROPOSAL OF EUR 1.50 PER SHARE REFLECTS POSITIVE
BUSINESS PERFORMANCE
    * OUTLOOK FOR 2022: DEMAND FOR ALUMINIUM PRODUCTS CONTINUING
TO
RISE, ACCORDING TO CRU. TOO EARLY FOR EARNINGS GUIDANCE DUE TO
UNCERTAIN MARKET TREND
    * FY EBIT OF EUR 101.8 MILLION WAS ACHIEVED, COMPARED WITH
EUR
24.8 MILLION IN PREVIOUS YEAR
    * NET INCOME AFTER TAXES ROSE APPROXIMATELY SIX-FOLD
YEAR-ON-YEAR
TO REACH EUR 64.6 MILLION IN 2021 FINANCIAL YEAR (2020: EUR 11.1
MILLION)

Source text for Eikon:  ID:nEQ9tZ12Va 
Further company coverage:  AMAV.VI 

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