Key Highlights

Revenue was $324.0 million in the first quarter 2012, a 2% increase over the same period in 2011
EBITDA(1) was $21.9 million in the first quarter 2012, a 16% decrease from the same period in 2011
Adjusted EPS on a fully diluted basis was $0.26 in the first quarter 2012, a 26% decrease from $0.35 in the first quarter 2011 excluding non-recurring items and the impact of Timminco in 2011
Non-adjusted EPS on a fully diluted basis was $0.13 in the first quarter 2012, a 48% decrease from $0.25 in the first quarter 2011
The Advanced Materials Division generated revenue of $216.5 million and EBITDA of $13.7 million in the first quarter 2012
The Engineering Systems Division generated revenue of $68.0 million and EBITDA of $3.0 million in the first quarter 2012
Graphit Kropfmühl generated revenue of $39.5 million and EBITDA of $5.2 million in the first quarter 2012
As of March 31, 2012, cash on the balance sheet was $81.2 million; net debt was $206.4 million


Amsterdam, 15 May 2012 (Regulated Information) --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") reported first quarter 2012 revenue of $324.0 million, a 2% increase from $318.0 million in the first quarter 2011.

EBITDA decreased 16% to $21.9 million in the first quarter 2012 from $26.2 million in the first quarter 2011. Adjusted net profit attributable to shareholders for the first quarter 2012 was $7.1 million, or $0.26 per fully diluted share, down 26% from $9.5 million, or $0.35 per fully diluted share in the first quarter 2011, excluding non-recurring items and AMG's share of Timminco's net loss in the first quarter 2011.

Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, "Business was challenging in the first quarter 2012. Demand improved in a number of Advanced Materials products but that was not enough to offset increased costs in mine-based businesses, resulting in a decline in EBITDA. Engineering Systems' order intake was encouraging; however, pricing pressure and changes in product mix resulted in an unsatisfactory performance. Graphit Kropfmühl delivered solid financial results in the quarter, but was slightly below the record performance achieved in the first quarter 2011. In April, AMG successfully completed the voluntary tender offer for Graphit Kropfmühl shares and now owns 93.5% of Graphit Kropfmühl."

(1) EBITDA is defined as earnings before interest, tax, depreciation and amortization and excludes nonrecurring items

zie voor cijfers e.a. op
(www.amg-nv.com).