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Lu futures:AMAG Austria reports double-digit revenue and earnings growth

2017/11/17 14:02:51 Source:Lu futures Author:Anonymous

The AMAG Group, a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products for highly varied industries continued its successful trend in Q3 2017. The company achieved YoY growth in terms of shipments, revenue and earnings in the January to September 2017 period.

The total shipments of AMAG were up 3 % YoY to 318,900 tonnes during the first three quarters of 2017. The organic growth programme at the Ranshofen site was the main driver of this volume expansion. In terms of aluminium rolled products, shipment volumes were up by 6 % compared with the same period of 2016 to reach a new record level of 162,500 tonnes.