EANS-News: AMAG Austria Metall AG on growth track in Q1 2017 (with photo)

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Financial Figures/Balance Sheet/Earnings Forecast/quarterly report

- Shipment volumes up 3 % to 107,100 tonnes
- Revenue rises 13 % to EUR 257.5 million
- EBITDA increases 27 % to EUR 41.4 million
- Net income after taxes doubles to EUR 15.1 million
- 2017 guidance: further operating profit growth
- "AMAG 2020" expansion project running on schedule and on budget

AMAG Austria Metall AG has made a successful start to 2017. AMAG
Group shipments were up by 3 % in the first quarter of 2017 to reach
107,100 tonnes. Shipment volumes in the Rolling Division increased by
7 % to 54,500 tonnes due to the scheduled ramp-up of plants as part
of the expansion project in Ranshofen.

Helmut Wieser, CEO of AMAG: "AMAG is on a growth track - shipment
volumes of rolled products grew by 7 % in the first quarter of 2017,
including deliveries to the aircraft industry up 22 % and to the
automotive industry up 7 %."

The market environment proved positive in the first quarter of 2017.
The aluminium price increased by 22 % on average compared with the
average of the first quarter of 2016.

Higher shipments and the higher aluminium price were reflected in
significant revenue and earnings growth accordingly.

AMAG Group revenue climbed by 13 % from EUR 227.8 million to EUR
257.5 million.

Earnings before interest, tax, depreciation and amortisation (EBITDA)
were up by 27 %, from EUR 32.7 million to EUR 41.4 million.

The operating profit (EBIT) of the AMAG Group of EUR 22.7 million in
the first quarter of 2017 was almost 50 % above the previous year's
level (Q1 2016: EUR 15.5 million).

Net income after taxesof EUR 7.7 million in the first quarter of 2016
almost doubled to EUR 15.1 million.

Investments and plant expansion The "AMAG 2020" expansion project -
entailing around EUR 300 million of investments - is running on
budget and on schedule. The cold rolling mill, the new casting plant
and the finishing equipment are to be commissioned during the second
quarter of 2017, as planned.

During the first three months of 2017, investments for the "AMAG
2020" project amounted to a total of EUR 25.9 million, thereby
accounting for most of the investment activities. Total investments
of the AMAG Group stood at EUR 32.7 million in the first quarter of
the year, compared with EUR 43.8 million in the previous year's
equivalent period.

2017 guidance: Rising demand for aluminium products establishes a
good base for the growth path of AMAG Austria Metall AG. Demand for
primary aluminium and aluminium rolled products is set to increase by
4 to 5 % year-on-year according to the latest estimates from the
market research institute CRU.

The commissioning of the new cold rolling mill and further finishing
equipment creates the precondition for further volume growth in
subsequent years.

Helmut Wieser, CEO of AMAG: "The plants for cold rolled and heat
treated special aluminium products are fully utilised. We will soon
be able to offer our customers not only additional volumes in this
product area, but also a wider range with larger dimensions."

For the 2017 financial year, the Management Board expects a further
increase in operating results. Taking current market conditions into
account, EBITDA is expected to be recorded in a range between EUR 150
million and EUR 160 million, compared with EUR 143 million in the
previous year.

AMAG - key figures _________________________________________________
____________________________ |EUR_millions_____|____________Q1/2017|_
___________Q1/2016|_____________Change| |Shipments in |
107,100| 103,700| 3.3 %| |tonnes___________|_
__________________|___________________|___________________| |of which
external| | | |
|shipments in | 100,100| 94,400|
6.0 %|

|tonnes___________|___________________|___________________|___________________|
|Revenue__________|______________257.5|______________227.8|_____________13.0_%|
|EBITDA___________|_______________41.4|_______________32.7|_____________26.7_%|
|EBIT_____________|_______________22.7|_______________15.5|_____________46.5_%|

|Net income after | 15.1| 7.7|
95.6 %| |taxes____________|___________________|___________________|__
_________________| |Cash flow from | |
| | |operating | 7.6|
35.1| -78.2 %| |activities_______|___________________|____
_______________|___________________| |Cash flow from |
| | | |investing |
-44.6| -43.7| -2.1 %|

|activities_______|___________________|___________________|___________________|
|Employees1)______|______________1,819|______________1,705|______________6.7_%|

______________________________________________________________________________
|EUR_millions|___________31/03/2017|___________31/12/2016|_______________Change|
|Equity______|________________616.3|________________630.5|_______________-2.3_%|
|Equity_ratio|_______________43.8_%|_______________45.4_%|___________________-_|
|Gearing_____|_______________42.9_%|_______________35.8_%|____________________-|

1) Average number of employees (full-time equivalents) including
temporary help workers and excluding apprentices. The figure includes
a 20 percent pro rata share of the labour force at the Alouette
smelter, in line with the equity holding.

Pictures with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/O9CeckG9

Further inquiry note:
Investor contact:
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

Press contact:
Leopold Pöcksteiner
Head of Strategy, Communication, Marketing
AMAG Austria Metall AG
Lamprechtshausenerstrasse 61
5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-2205
Email: publicrelations@amag.at

end of announcement euro adhoc
--------------------------------------------------------------------------------

Pictures with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/us/O9CeckG9

company: 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

Original-Content von: AMAG Austria Metall AG, übermittelt durch news aktuell