EANS-Adhoc: AMAG Austria Metall AG: Increase in the earnings forecast 2021

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 responsible for the content of this announcement.

Earnings Forecast
19.07.2021

Ranshofen – AMAG Austria Metall AG increases its earnings forecast for the current financial year mainly due to ongoing positive market trends in the primary aluminium area (Metal division).

Considering the positive earnings development in the first half of 2021 and based on actual estimates for the second half year, the AMAG management board expects an EBITDA between EUR 155 and 175 million for the financial year 2021. The previous EBITDA range of EUR 125 to 140 million, which was announced as part of the reporting on the first quarter of 2021, is therefore clearly outnumbered.

With a revenue of EUR 595.1 million in the first half of 2021 (H1/2020: EUR 463.8 million) AMAG reached an EBITDA of EUR 93.6 million (H1/2020: EUR 59.3 million). The figures for the second quarter 2021 are preliminary. Further details on the first half year 2021 figures and on the improved outlook for the financial year 2021 will be given together with the publication of the financial report for the first half of the year on April 29, 2021.

end of announcement euro adhoc

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-al4u.com
ISIN: AT00000AMAG3
indexes: ATX BI, WBI, ATX GP, VÖNIX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/12432/aom