Austria's AMAG H1 revenue rises on higher aluminium prices, volumes

AMAG Austria Metall AG

30/07/2026 06:25

Overview
Austria aluminium supplier's H1 revenue rose 8.2% on higher shipments and aluminium prices
EBITDA for H1 up 25.4%, margin improved to 11.9%
Net income after taxes jumped 73.7% to EUR 40.7 mln

Outlook
AMAG expects 2026 full-year EBITDA between EUR 170 mln and EUR 190 mln
Company sees strong earnings in Metal Division, driven by high production and aluminium prices
Company notes uncertainties from geopolitical risks, tariffs, energy prices and market price fluctuations

Result Drivers
VOLUME GROWTH - Co said higher shipment volumes in the Rolling Division, especially to automotive and heat exchanger markets, supported revenue growth
PRODUCTIVITY AND COST EFFICIENCY - Productivity gains and continued cost-efficiency measures in the Casting and Rolling Divisions contributed to improved profitability
FAVOURABLE ALUMINIUM PRICES - Higher aluminium prices and attractive market conditions for the Canadian Alouette smelter interest boosted earnings

Company press release: ID:nEQ4J266Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
EUR 850.70 mln
 
H1 Net Income
 
EUR 40.70 mln
 
H1 EBIT
 
EUR 62.80 mln
 
H1 EBITDA
 
EUR 101.10 mln
 
H1 Operating Cash Flow
 
-EUR 56.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aluminum peer group is "buy"
Wall Street's median 12-month price target for AMAG Austria Metall AG is €31.50, about 15.8% above its July 29 closing price of €27.20
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
July 29 - France's Constellium Q2 profit surges on higher metal prices
July 27 - LME aluminium stocks fall to lowest this century as supply tightness hits
July 28 - Rio Tinto half-year adjusted net income beats estimates on higher gold prices and productivity improvements 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)