Deutsche Bank Downgrades Affiliated Managers Group (AMG) to Hold

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AMG Advanced Metallurgical Group N.V. Reports Third Quarter 2016 Results

November 3, 2016 2:09 AM EDT

Key Highlights

AMG ended the third quarter 2016 net debt free, with net cash of $1.9 millionEBITDA(2) was $23.4 million in the third quarter 2016, a 15% increase over the same period in 2015Net income attributable to shareholders increased by 5% to $5.2 million in the third quarter 2016 from $4.9 million in the third quarter 2015EPS, on a fully diluted basis, was $0.18 in the third quarter 2016, unchanged from third quarter 2015Annualized return on capital employed increased to 18.0% in the third quarter 2016, as compared to 14.7% in the third quarter... More