AMAG: Significant earnings growth and record shipments in FY 2016
(World News Austria)

The 2016 financial year was a successful one for AMAG Austria Metall AG. The company achieved record shipments for the sixth consecutive year. Driven by strong demand for aluminium, especially from the transport industry, shipments climbed to an all-time high of 405,900 tonnes (up 6 %). Net income after taxes improved 14 % year on year from EUR 40.5 million to EUR 46.3 million. The volume and earnings growth underscores the growth course at the Group`s main site in Ranshofen, supported by the installation of new equipment and productivity improvements. Helmut Wieser, CEO of AMAG Austria Metall AG: `With our rolled products, we`re growing faster than the market, boosting our volumes for...