AMAG Austria Metall AG expanded shipment volumes in all its operating divisions in the 2021 financial year and even slightly exceeded pre-crisis levels from 2019. The positive market environment was thereby successfully leveraged both in the primary aluminium business and in recycled cast alloys and aluminium rolled products. AMAG CEO Mr Gerald Mayer said “With stable production output and high productivity, we successfully met high demand from almost all industrial sectors. We implemented product mix optimisations on a targeted basis at our site in Ranshofen and successfully served existing customers. Significant cost inflation, especially for energy, metal alloys and logistics, negatively impacted earnings and margin trends from the second half of 2021 onwards. Our Canadian subsidiary Alouette made a significant contribution to the AMAG Group’s record results as the particularly positive market environment was leveraged successfully.”Revenue of EUR 1,259.4 million clearly above the previous year’s level dueto increased shipment volumes and high aluminium prices (2020:EUR 904.2 million)EBITDA achieved significant growth of +72 % to EUR 186.2 million (2020: EUR 108.2 million)Net income after taxes up almost sixfold to EUR 64.6 million (2020:EUR 11.1 million)Outlook - Positive economic forecasts for 2022 with an expected global growth of +4.4 % and +3.9 % for the Eurozone are marked by various uncertainties (e.g. supply chains inflation, geopolitical developments). The further course of the COVID-19 pandemic, particularly in relation to virus mutations, can exert both a rapid and significant influence on economic growth. Forecasts by the CRU (Commodity Research Unit) for demand for both primary aluminium and aluminium products are promising. With a look to 2022, cross-industry demand is expected to increase by 1.7 % and 9.7 % respectively.
AMAG Austria Metall AG expanded shipment volumes in all its operating divisions in the 2021 financial year and even slightly exceeded pre-crisis levels from 2019. The positive market environment was thereby successfully leveraged both in the primary aluminium business and in recycled cast alloys and aluminium rolled products. AMAG CEO Mr Gerald Mayer said “With stable production output and high productivity, we successfully met high demand from almost all industrial sectors. We implemented product mix optimisations on a targeted basis at our site in Ranshofen and successfully served existing customers. Significant cost inflation, especially for energy, metal alloys and logistics, negatively impacted earnings and margin trends from the second half of 2021 onwards. Our Canadian subsidiary Alouette made a significant contribution to the AMAG Group’s record results as the particularly positive market environment was leveraged successfully.”Revenue of EUR 1,259.4 million clearly above the previous year’s level dueto increased shipment volumes and high aluminium prices (2020:EUR 904.2 million)EBITDA achieved significant growth of +72 % to EUR 186.2 million (2020: EUR 108.2 million)Net income after taxes up almost sixfold to EUR 64.6 million (2020:EUR 11.1 million)Outlook - Positive economic forecasts for 2022 with an expected global growth of +4.4 % and +3.9 % for the Eurozone are marked by various uncertainties (e.g. supply chains inflation, geopolitical developments). The further course of the COVID-19 pandemic, particularly in relation to virus mutations, can exert both a rapid and significant influence on economic growth. Forecasts by the CRU (Commodity Research Unit) for demand for both primary aluminium and aluminium products are promising. With a look to 2022, cross-industry demand is expected to increase by 1.7 % and 9.7 % respectively.
