AMG reports fourth quarter and full year 2009 results

AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) announced the fourth quarter 2009 revenue of $231.4 million a 17% decrease from $280.1 million in the fourth quarter 2008.

The press release is quoted as saying:

Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, commented: “2009 was a challenging year. Our end primary markets of aerospace, energy, infrastructure and specialty metals and chemicals underwent dramatic contractions and dislocations caused by the global economic crisis. While AMG’s portfolio approach to metallurgical based solutions helped stabilize the impact on revenues, we were still significantly affected across all of our business units.

Click here to access the entire press release

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