Austria's AMAG Q1 net income jumps 64% on higher aluminium prices

AMAG Austria Metall AG

30/04/2026 06:24

Overview

Austria aluminium products supplier's Q1 revenue up 0.6% yr/yr, net income rose 64%

Q1 EBITDA climbed 24%, driven by higher aluminium prices and Canadian smelter contribution

Operating cash flow turned negative due to increased working capital needs

Outlook

AMAG expects 2026 EBITDA between EUR 150 mln and EUR 180 mln

Company anticipates positive development across all divisions compared with previous year

AMAG notes global economic uncertainty due to war in Iran and higher energy prices

Result Drivers

PRIMARY ALUMINIUM PRICES - Higher aluminium and alumina prices, especially from the Canadian Alouette smelter, boosted earnings

ROLLING DIVISION MIX - Higher shipment volumes and a changed product mix in the Rolling Division supported operating profit

COST EFFICIENCY - Cost-efficiency measures at the Ranshofen site had a positive impact on results

Company press release: ID:nEQ23Jzxga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 403.80 mln
Q1 Net Income
EUR 26.50 mln
Q1 EBIT
EUR 37.90 mln
Q1 EBITDA
EUR 57.10 mln
Q1 Operating Cash Flow
-EUR 8.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "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 €29.55, about 5.5% above its April 29 closing price of €28.00

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

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.)