AMG Advanced Metallurgical Group recorded a modest increase in earnings before interest, tax, depreciation and amortization (Ebitda) at its Critical Materials division for the first quarter of 2019, helped by strong performances in vanadium, chrome and antimony.
The division generated Ebitda of $31.2 million, up 1% compared with the first quarter of 2018, the Amsterdam-listed group said on Wednesday May 1. "AMG Critical Materials generated Ebitda of $31.2 million during the first quarter of 2019, due to strong financial performance in vanadium, chrome and antimony," AMG's ceo and chairman of the management board, Dr Heinz Schimmelbusch, said in a statement. The effect was partially offset by factors such as weaker performances in materials including graphite and silicon, he added. First-quarter revenue at the division rose by 10%...