Schimmelbusch

AMG Announces Changes to the Composition of the Supervisory Board and Nominates Its CEO and COO for Reappointment When Their Current Terms End in May 2021

Retrieved on: 
Wednesday, February 24, 2021
Articles, Business, Corporate governance, Economy, Heinz Schimmelbusch, Supervisory board, Board of directors, Chief executive officer, Chief operating officer, Schimmelbusch

At the Annual General Meeting (AGM) in May 2021, Mr. Willem van Hassel, Vice Chairman, will have served four years on the Supervisory Board when his current term ends.

Key Points: 
  • At the Annual General Meeting (AGM) in May 2021, Mr. Willem van Hassel, Vice Chairman, will have served four years on the Supervisory Board when his current term ends.
  • On that occasion, Mr. Herb Depp, Chair of the Remuneration Committee, will have served eight years on the Supervisory Board when his current term ends.
  • The Board is very pleased that both gentlemen have agreed to continue to serve on the Supervisory Board.
  • The terms of both the CEO and COO (Dr. Heinz Schimmelbusch and Mr. Eric Jackson, respectively) will end in May 2021.

AMG Advanced Metallurgical Group N.V. Reports Full Year and Fourth Quarter 2019 Results

Retrieved on: 
Wednesday, February 26, 2020
Heinz Schimmelbusch, Schimmelbusch, Earnings before interest, taxes, depreciation, and amortization, Economy

EBITDA for the fourth quarter of 2019 was $22.8 million, a 64% decrease from $62.8 million in the fourth quarter of 2018.

Key Points: 
  • EBITDA for the fourth quarter of 2019 was $22.8 million, a 64% decrease from $62.8 million in the fourth quarter of 2018.
  • In the fourth quarter of 2019, AMG generated cash from operating activities of $55.5 million, an increase of $4.8 million, or 10%, over the same period in 2018 despite the lower profitability noted above.
  • Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, AMG achieved EBITDA of $23 million in the fourth quarter resulting in total EBITDA of $121 million for 2019.
  • AMG generated cash flows from operations of $56 million in the fourth quarter despite the unprecedented fall in critical materials prices across the AMG portfolio.