AMAG Austria Metall AG: Road to success continued in Q3 2022
• Significant revenue growth of 47 % to EUR 1,353.9 million (Q1-Q3/2021: EUR 923.8 million)
• EBITDA grows by 48 % to reach an all-time high of EUR 217.4 million (Q1-Q3/2021: EUR 146.5 million)
• Significant growth in net income after taxes of 87 % to reach EUR 106.7 million (Q1-Q3/2021: EUR 57.0 million)
• Optimised product mix and very good use of existing plant and personnel capacities as well as stable production play a crucial role
• Further business performance is being increasingly affected by partially declining demand and a general slowdown in the market as well as by high energy prices
• Outlook for 2022: EBITDA between EUR 230 million and EUR 250 million based on current estimates for trends in shipment volumes and prices, and assuming stable energy supplies
• Continued solid growth expectation for aluminium products in the medium and long term*
*See CRU Aluminium Market Outlook, October 2022
AMAG once again recognised for outstanding sustainability reporting
• AMAG received the "Effective Sustainability Communicator Award 2022" for the second time
• AMAG achieves top scores in integrative understanding of sustainability in the ATX Prime Market and ranks second overall
• Ceremonial presentation of the award during the annual conference of the Cercle Investor Relations Austria (CIRA) on 12 October 2022 in Vienna.
AMAG received "Gem" for sustainable digitalisation
• Award for AMAG and ACP Cubido from ICT Austria for "Sustainable Digitalization" in the category "Data science“
• Combination of IT solution initiatives has led to very successful new developments and optimisations at AMAG
• Digitalisation and the circular economy are drivers of innovation for AMAG's profitable development
World first: AMAG and Audi put aluminium wheel made of recycled aluminium alloy into series production
- AMAG developed globally unique, recycling-friendly alloy AlSi7.REC for wheels and wheel assemblies
- Market launch for two Audi electric vehicles already completed
- Product falls under the new CO2-optimised AMAG AL4®ever product family
AMAG Austria Metall AG: Highest half-year earnings in the company’s history
- AMAG achieves record levels of revenue and earnings in the first half of 2022
- Positive market environment, sustained high productivity as well as continuous product mix optimisation prove to be decisive factors
- Significant revenue growth of around 50 % to...
AMAG expands Austria's largest rooftop photovoltaic plant
- Expansion of the existing rooftop photovoltaic system to 60,000 m² (equivalent to an area of 9 football fields)
- Annual energy production of 7.3 GWh (energy requirement of around 2,000 households) for our own use
- Further step taken towards AMAG's strategy of climate neutrality and climate-neutral production
- Gradual expansion to around 120,000 square metres is planned
New AMAG AL4®ever product line with guaranteed low CO2 footprint
AMAG AL4®ever rolled and cast aluminium products stand for a guaranteed low specific footprint of less than four tons of CO2 per ton of aluminium produced. The star of the new AMAG AL4®ever star product line also guarantees a footprint of less than two tons of CO2 per ton of aluminium produced for selected applications. Compared to conventionally manufactured products of the same quality, this results in significant CO2 savings.
Both AMAG AL4®ever categories are only achievable with
AMAG receives highest rating Platinum in the area of sustainability
- EcoVadis now awards AMAG the highest status of platinum, following a gold rating in December 2020.
- AMAG in the top one percent ("Top 1%") of the global companies assessed by EcoVadis in the industry.
- Special emphasis was placed on performance in the areas of the environment, labour as well as human rights were highlighted
- Award is confirmation of AMAG's holistic sustainability approach
AMAG - Long Night of Research
AMAG: Exciting journey into the world of aluminium during the Long Night of Research
- AMAG opens its new CMI research centre and Smart Factory to the public for the first time as part of the Long Night of Research.
- More than 350 visitors are proof that research can inspire
- Long Night of Research offered the opportunity to "take a closer look" at laboratories and fully automated processes in the Smart Factory and in production
- AMAG employees and their families were able to enjoy the full programme in the afternoon.
AMAG Austria Metall AG: Record earnings in Q1 2022
- Excellent start to 2022 with high uncertainties for the further course of the year
- Revenues up 60 % to EUR 399.0 million (Q1/2021: EUR 251.2 million)
- EBITDA of EUR 68.0 million more than doubled (Q1/2021: EUR 30.3 million)
- Net income after taxes up around sixfold to EUR 32.5 million (Q1/2021: EUR 5.1 million)
- Positive operating performance with high productivity at...
Major multi-year order received from Ruag Aerostructures
- AMAG components signs multi-year contract to supply parts and components primarily for the Airbus A320
- Long-standing customer relationship is deepened and expanded
- Synergies due to a unique range of services offered by the AMAG Group, from raw materials to ready-to-install components, led to success
- Significant contribution to reducing the carbon footprint through closed-loop recycling
AMAG supports additive manufacturing research at Graz University of Technology with high-tech plant
- AMAG active in component production for 1.5 years following acquisition
- Today's AMAG components is a specialist in mechanical processing and has been researching additive manufacturing since 2018/19
- Donation of a state-of-the-art additive manufacturing system to TU Graz to promote research and education
- Contract for donation signed at TU Graz on the 15th of March 2022
Record earnings in FY 2021 with shipment volumes returning to pre-crisis levels
- Significant growth in revenue and earnings due to stable production, highproductivity and attractive market environment in the primary aluminiumsector
- Revenue of EUR 1,259.4 million clearly above the previous year’s level dueto increased shipment volumes and high aluminium prices (2020:EUR 904.2 million)
- EBITDA achieves significant growth of +72 % to EUR 186.2 million(2020: EUR 108.2 million)
- Net income after taxes up almost sixfold to EUR 64.6 million (2020:EUR 11.1 million*)
- Dividend proposal of...
AMAG completes acquisition of German company Aircraft Philipp
After taking an initial stake in October 2020, AMAG Austria Metall AG is now acquiring
the remaining 30 percent of the German company Aircraft Philipp (ACP), based in
Übersee am Chiemsee. With this acquisition, it will be the sole owner from the turn of the
year. With the takeover complete, the company name will also change to AMAG
AMAG Austria Metall AG achieves record earnings in the first three quarters of 2021
- Revenue significantly increased to EUR 923.8 million due to both higher shipment volumes and attractive aluminium price (Q1-Q3/2020: EUR 673.2 million)
- EBITDA of EUR 146.5 million clearly above previous year (Q1-Q3/2020: EUR 79.8 million)
- Net income after taxes up more than fivefold year-on-year to reach...
AMAG awarded for best sustainability reporting in the ATX Prime
- AMAG is "Effective Sustainability Communicator 2021"
- AMAG convinces with transparent and holistic sustainability reporting
- Ceremonial handover of the award at the annual conference of the Cercle Investor Relations Austria (CIRA) on October 13th, 2021 in Vienna
AMAG presents path to climate neutrality and sets into operation Austria's largest rooftop photovoltaic system
- AMAG is committed to Austria's climate goals and climate-neutral production in 2040
- Increased recycling, energy efficiency and the replacement of fossil fuels are the key to achieving corporate goals
- Politicians must ensure framework conditions for a stable supply of green energy at competitive prices in good time
- Commissioning of Austria's largest rooftop photovoltaic system with 55,000 m² of collector area is another milestone on the way to AMAG's climate neutrality
AMAG Austria Metall AG reporting record earnings in H1/2021
- AMAG emerged well prepared from the crisis and exploited the positive demand trend to increase shipment volumes across all divisions
- Stable production with very good performance in occupational safety (TRIFR*: 0.28)
- Revenue and earnings figures significantly above pre-crisis level
- Revenue increased to...
AMAG supplies certified sustainable aluminium to Audi
- First ASI-certified aluminium from AMAG used in Audi A6 Avant
- First order for AMAG outer body sheets for the Audi A6 model series
- AMAG and Audi are once again taking a collective step towards a sustainable future with the use of ASI materials.
AMAG: Project launched for Austria’s largest rooftop photovoltaic system
- The project was launched on 21 April, 2021; completion is scheduled for Q4/2021
- Largest rooftop photovoltaic system will supply around 6.7 GWh of electricity per year
- The project is aligned with Austrian and European climate targets
- The project’s progress can be followed via live webcam
AMAG Austria Metall AG reports positive earnings development in Q1 2021
- Favourable market environment in all AMAG segments, with the exception of aircraft
- Revenue increased to EUR 251.2 million (Q1 2020: EUR 246.4 million)
- EBITDA of EUR 30.3 million after EUR 36.5 million in Q1 2020
- Earnings’ contribution of approximately 11,000 tonnes of...
AMAG: Solid result in a year impacted by COVID
- Revenue of EUR 904.2 million below prior-year level due to volume, mix and price factors (2019: EUR 1,066.0 million)
- EBITDA of EUR 108.2 million in a challenging market environment (2019: EUR 143.0 million)
- Successful adjustment of material and structural costs to capacity utilisation
- Net income after taxes clearly positive at EUR 11.6 million (2019: EUR 38.6 million)
- Cash flow from operating activities of...
AMAG to build Austria’s largest rooftop photovoltaic system
AMAG is building the largest rooftop photovoltaic system in Austria across an area of 55,000 m² – roughly the size of eight soccer fields. The project represents an investment volume of several million euros. The PV system, which will be installed on the roofs of the new plant, will generate around 6 GWh of electricity per year. This is enough to cover the needs of roughly...
AMAG Austria Metall AG reports Q1-Q3/2020 EBITDA of EUR 79.8 million
- EBITDA of EUR 79.8 million compared with EUR 109.2 million in the first three quarters of the previous year
- Positive earnings trend in Metal Division mitigates COVID-19 effects in area of recycled cast alloys and aluminium rolled products
- Structural costs successfully adapted to capacity utilisation. Short-time working as a supportive measure in this context
- Net income after taxes currently at...
AMAG receives ASI certification for comprehensive sustainability activities
- Certification against ASI Chain of Custody Standard broadens AMAG’s sustainability efforts towards including the supply chain
- AMAG ready to offer certified aluminium to customers as another cornerstone in AMAG’s specialties portfolio
- Certified against ASI Performance Standard since 2018
- Sustainability is an essential pillar of AMAG’s strategy
AMAG acquires majority share of the German Aircraft Philipp Group
- Acquisition of 70 % share of the Aircraft Philipp Group (ACP) headquartered in Übersee / Chiemsee, Germany
- Further step in the implementation of the AMAG specialty product strategy
- ACP is an expert in the mechanical machining of aluminum and titanium for the aerospace industry
- The ACP product and services portfolio holds...
AMAG Austria Metall AG: Solid H1 in difficult environment
- COVID-19 significantly impacts customer demand, especially in aircraft, automotive and distribution sectors
- Revenue of EUR 463.8 million down 16 % year-on-year reflecting both volume and price factors
- Fixed and structural costs largely adjusted to lower capacity utilisation due to COVID-19
- EBITDA of...
A fresh look for research excellence at AMAG
- New research center opened on schedule for normal operation
- Growing demand for R&D and testing technology due to site expansion and increasing specialization
- AMAG R&D spending 2019: approx. 30 million euros
- R&D and innovation: 155 staff (8% of the total workforce)
- Modern architecture with...
AMAG successfully certified for Japanese industry standard
- First European aluminium manufacturer to be awarded JIS certification (Japanese Industrial Standards)
- Expansion of our product portfolio for the Japanese market
- Purchase of a special tensile testing machine to meet the particular requirements of JIS
AMAG Austria Metall AG reports earnings growth in Q1 2020
- Profitability up compared to first quarter of the previous year
- Revenue of EUR 246.4 million below previous year’s EUR 274.4 million
- Operating result (EBITDA) grows to EUR 36.5 million, mainly thanks to lower raw material costs (Q1 2019: EUR 33.0 Million)
- Net income after taxes at...
Corona crisis: AMAG introduces shorttime working
- Downturn in orders particularly from the automotive industry
- BMI classifies AMAG as systemically relevant to supply Austria’s population
- Extensive measures in place to protect employee health and safeguard production
- Impact of corona crisis on results not yet foreseeable at this time
(BMI: Federal Ministry of the Interior)
Nomination Energy Globe Award Upper Austria
- Investment of approximately 3 million euros in sustainable rainwater management
- Around four hectares of infiltration surface to maintain the natural water cycle
- Active contribution to groundwater regeneration in the region
- With entries from 187 countries, the Energy Globe Award is the most important environmental prize worldwide
AMAG reports higher operating earnings and record cash flow trend in FY 2019
- Revenue at EUR 1,066.0 million, slightly below previous year’s EUR 1,101.6 million due to price factors
- EBITDA grows to EUR 143.0 million in challenging market environment (2018: EUR 141.0 million)
- Net income after taxes at EUR 38.6 million compared with EUR 44.5 million in the previous year
- Records for cash flow from...
AMAG receives “Accredited Supplier” award from Airbus
At the Airbus Material & Parts Supplier Day held in January 2020 in Toulouse, France, AMAG received the “Accredited Supplier” award from European aircraft manufacturer Airbus, the highest of four quality awards for its suppliers. AMAG thereby also ranks as the only aluminium rolled product supplier to receive this top award. The prize is awarded for outstanding delivery reliability and...