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AMG Advanced Metallurgical Group N.V. Reports Full Year And Fourth Quarter 2013 Results

Key Highlights

  • Revenue was $1,158.4 million in 2013, a 5% decrease from 2012; fourth quarter 2013 revenue was $284.0 million, a 3% increase over the same period in 2012
  • EBITDA ( 1 ) was $72.6 million in 2013, a 13% decrease from 2012; fourth quarter 2013 EBITDA was $10.5 million, a 45% decrease from the same period in 2012
  • Loss per share on a fully diluted basis was ($1.51) in 2013; fourth quarter 2013 loss per share was ($0.12), consistent with the same period in 2012
  • Cash flows from operating activities were $69.7 million in 2013; fourth quarter 2013 cash flows from operating activities were $12.4 million, compared to $32.1 million in the same period in 2012
  • AMG Processing generated revenue of $568.6 million and EBITDA of $21.5 million in 2013; fourth quarter revenue and EBITDA were $132.9 million and $0.2 million, respectively
  • AMG Engineering generated revenue of $260.2 million and EBITDA of $20.6 million in 2013; fourth quarter revenue and EBITDA were $67.0 million and $2.4 million, respectively
  • AMG Mining generated revenue of $329.6 million and EBITDA of $30.5 million in 2013; fourth quarter revenue and EBITDA were $84.2 million $8.0 million, respectively
  • As of December 31, 2013, cash on the balance sheet was $103.1 million; net debt was $160.5 million, a reduction of $33.7 million during 2013

AMSTERDAM, Netherlands, March 19, 2014 (GLOBE NEWSWIRE) -- (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") reported fourth quarter 2013 revenue of $284.0 million, a 3% increase from $275.2 million in the fourth quarter 2012.

EBITDA decreased 45% to $10.5 million in the fourth quarter 2013 from $19.2 million in the fourth quarter 2012.  Net loss attributable to shareholders for the fourth quarter 2013 was $3.2 million, or ($0.12) per fully diluted share, compared to net loss of $3.3 million, or loss attributable to shareholders of ($0.12) in the fourth quarter 2012.  

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