Amag Austria Metall Ag Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 03:27 am EDT
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AMAG Austria Metall AG announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was EUR 343.864 million compared to EUR 217.455 million a year ago. Net income was EUR 30.126 million compared to EUR 946,000 a year ago. Basic earnings per share from continuing operations was EUR 0.85 compared to EUR 0.03 a year ago. For the half year, sales was EUR 595.081 million compared to EUR 463.831 million a year ago. Net income was EUR 35.638 million compared to EUR 12.435 million a year ago. Basic earnings per share from continuing operations was EUR 1.01 compared to EUR 0.35 a year ago.
AMAG Austria Metall AG is an Austria-based holding group company. It manages its business through four operating divisions Metal, Casting, Rolling and Service. The Metal Division includes the 20 % interest held in the Alouette smelter, and is responsible within the AMAG Group for the production of primary aluminium, the control of metal flows, the hedging of AMAGâs operating companies against aluminium price risk and the marketing of primary aluminium. Casting Division recycles aluminium scrap in order to produce high-quality casthouse alloys. Its product portfolio covers aluminium materials tailored to customer requirements in the form of ingots, sows and liquid aluminium. Rolling Division is responsible for the production and sale of rolled products (sheets, coils and plates), as well as precision and rolled plates. The rolling mill specialises in premium products for selected markets. Service Divisionâs portfolio includes facility management (building and area management).
AMAG AUSTRIA METALL AG 
