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First half year 2024 Results – July 25, 2024

 

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

 

H1/2024 Financial Report - 25.07.2024

H1/2024 Presentation - 25.07.2024

H1/2024 Investor information - 25.07.2024

Revenue Group

in Mio. EUR

707.7

H1/2024

EBITDA

in Mio. EUR

95.3

H1/2024

Net income after taxes

in Mio. EUR

33.4

H1/2024

Christoph M. Gabriel