30.10.2024
AMAG AUSTRIA METALL AG: GOOD PERFORMANCE IN THE FIRST THREE QUARTERS OF 2024 IN A CHALLENGING ENVIRONMENT
- Broad set-up of the AMAG Group and high flexibility in operational processing enable solid revenue and earnings figures in a persistently difficult environment
- Revenues remain at a high level at EUR 1,078.7 million (Q1-Q3/2023: EUR 1,142.8 million)
- EBITDA of EUR 147.6 million reflects the overall good performance of AMAG's operating divisions (Q1-Q3/2023: EUR 166.0 million)
- Net income after taxes of EUR 54.3 million (Q1-Q3/2023: EUR 69.7 million)
- Cashflow from operating activities at a strong EUR 109.3 million (Q1-Q3/2023: EUR 157.0 million)
- Outlook for financial year 2024: Confirmation of EBITDA range of EUR 160 million to EUR 180 million, whereby the upper limit is primarily linked to valuation effects whose probability of occurrence can only be forecast to a limited extent
27.08.2024
AMAG signs Antwerp Declaration in support of sustainable industry
AMAG Austria Metall AG has signed the Antwerp Declaration, adding its voice to over 1,000 energy-intensive companies in the basic materials sector who are urgently calling for a European Industrial Deal. This initiative aims to accomplish the climate transition while maintaining the competitive position of Europe’s industrial sector.
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07.08.2024
Sustainability at every step: AMAG AL4® ever now also offers certified, low carbon primary aluminium
- Certified sustainability: AMAG AL4® ever guarantees low CO2 emissions
- Certified primary aluminium with a maximum of 4.0 tonnes of CO2 per tonne aluminium expands AMAG AL4® ever portfolio
- Alouette smelter uses exclusively renewable electricity from hydropower and thus eliminates energy-related CO2 emissions completely
25.07.2024
AMAG Austria Metall AG: Solid half-year result despite continuing market weakness, especially in Europe
- Higher aluminium price in Q2/2024 and broad positioning of the AMAG Group noticeably cushion subdued demand for aluminium rolled products from certain industries
- Revenue of EUR 707.7 million down on the prior year due to price and volume factors (H1/2023: EUR 796.4 million)
- EBITDA of EUR 95.3 million below the very strong first half of 2023 (EUR 117.8 million), but better than second half of 2023
- Net income after taxes of EUR 33.4 million (H1/2023: EUR 51.0 million)
- Cashflow from operating activities grows to EUR 75.7 million (H1/2023: EUR 68.0 million)
- Outlook for 2024: Improved earnings forecast of EUR 160 million to
- EUR 180 million EBITDA, based on current assumptions regarding aluminium price, shipments and economic development