Key Highlights
Revenue increased by 26% to $329.3 million in the second quarter 2018 from $262.0 million in the second quarter 2017
Gross profit was $79.2 million in the second quarter 2018, an increase of $24.8 million, or 46%, over the same period in 2017
EBITDA(2) was $50.7 million in the second quarter 2018, a 59% increase over the same period in 2017
Profit before income tax increased by 77% to $36.7 million in the second quarter 2018 from $20.8 million in the second quarter 2017
EPS, on a fully diluted basis, increased by 29% to $0.54 in the second quarter 2018 from $0.42 in the second quarter 2017
Annualized return on capital employed increased to 30.6% in the second quarter 2018, as compared to 23.9% in the second quarter 2017

Amsterdam, 2 August 2018 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") reported second quarter 2018 revenue of $329.3 million, a 26% increase from $262.0 million in the second quarter of 2017. EBITDA for the second quarter of 2018 was $50.7 million, a 59% increase from $31.9 million in the second quarter of 2017.

Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, "AMG achieved a sharp improvement in EBITDA during the quarter, driven primarily by improved pricing and higher sales volumes in AMG Critical Materials. Furthermore, relentless improvements in productivity have resulted in an upward trend, both in terms of profitability and return on capital employed.

AMG Critical Materials generated EBITDA of $45.3 million during the second quarter of 2018, an increase of 89% from $23.9 million in the second quarter of 2017, thanks to strong financial performances in vanadium, chrome metal and aluminum products.

AMG Engineering signed $86.2 million in new orders during the second quarter of 2018, representing a 1.39x book to bill ratio, driven by strong sales of turbine blade coating and heat treatment furnaces. Order backlog was $263.2 million as of June 30, 2018, an increase of 27% compared to December 31, 2017.

AMG Engineering achieved EBITDA of $5.5 million during the second quarter of 2018, a decrease of $2.5 million from $8.0 million in the second quarter of 2017 due to higher SG&A expenses and lower gross profit generated from the heat treatment services division. On a full year basis, AMG Engineering expects 2018 EBITDA to be in line with prior year."

Outlook
Encouraged by the financial performance in the first 6 months of 2018, AMG expects full year 2018 EBITDA to improve by between 40%-50% compared to the prior year.

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AMG Advanced Metallurgical Group N.V. Announces Changes to the Composition of its Supervisory Board.
Amsterdam, 2 August 2018 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") hereby announces that the Supervisory Board has accepted the request of Mrs. Suzanne Folsom to resign as member of the Supervisory Board, effective 2 August 2018, due to various other professional commitments.
The Supervisory Board has started the process to identify an appropriate replacement for Mrs. Folsom which it intends to announce in due course. In the interim, Dr. Donatella Ceccarelli will replace Mrs. Folsom as member of AMG's Audit & Risk Management Committee.
Mr. Jack Messman, Chairman of AMG's Supervisory Board, stated, "As a well-recognized and respected corporate governance expert, Mrs. Folsom's experience, perspective and contribution have been most beneficial to the Supervisory Board and the Company. In addition, Mrs. Folsom's extensive knowledge of the US legal and regulatory environment has proved invaluable during her tenure. The Supervisory Board regrets but accepts her decision and thanks Mrs. Folsom for her invaluable insights and wishes her well in her future endeavors.

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).

AMG Advanced Metallurgical Group N.V. Announces New Dividend Policy and 2018 Interim Dividend

Amsterdam, 2 August 2018 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce an increase in interim dividend to €0.20 per ordinary share from €0.14 per ordinary share in the prior year.

The interim dividend in respect of the period from 1 January 2018 to 30 June 2018 of €0.20 per ordinary share, is payable on or around 14 August 2018, to shareholders of record on 7 August 2018. The ex-dividend date will be 6 August 2018. Dutch withholding tax will be deducted from the dividend at a rate of 15%.
Furthermore, effective 2 August 2018, AMG's Supervisory Board has approved a change in dividend policy which targets an annual dividend payout of between 20-40% of net income attributable to shareholders. In line with Dutch corporate governance best practices, the change will be discussed during AMG's 2019 Annual General Meeting.
The actual dividend payment will be determined on an annual basis and will be dependent on factors such as AMG's results of operation, financial position, financing requirements, organic and acquisitive growth opportunities.
Dr. Heinz Schimmelbusch, AMG's Chairman of the Management Board and CEO stated, "In light of AMG's strong balance sheet position and strong cashflow generation, AMG's Supervisory Board has resolved to formalize our dividend policy, to ensure dividend stability and growth over the long-term."

This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht).

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