EQS-News: AMAG Austria Metall AG: Record earnings in Q1 2022
AMAG Group revenues reported marked growth to EUR 399.0 million (Q1/2021: EUR 251.2 million) thanks to both higher shipment volumes and the significantly higher aluminium price.
- AMAG Group revenues reported marked growth to EUR 399.0 million (Q1/2021: EUR 251.2 million) thanks to both higher shipment volumes and the significantly higher aluminium price.
- Earnings before interest, taxes, depreciation and amortisation (EBITDA) more than doubled to EUR 68.0 million (Q1/2021: EUR 30.3 million).
- Earnings after taxes of EUR 32.5 million reflect an excellent first quarter of 2022 (Q1/2021: EUR 5.1 million).
- Gerald Mayer, CEO of AMAG Austria Metall AG, comments: "The start to 2022 has been successful in operational terms.