Austria's AMAG Q3 revenue rises on higher aluminium prices

AMAG Austria Metall AG

Thu 06:23

Overview
Austria aluminium producer's Q3 revenue rose 34.7% yr/yr on higher prices and shipments
Q3 net income after taxes grew 295% yr/yr, reflecting strong operational performance
Company raised 2026 EBITDA forecast to EUR 200-220 mln on continued strong demand

Outlook
AMAG raises 2026 EBITDA forecast to EUR 200-220 mln
Company expects earnings growth across all operating divisions in 2026
AMAG anticipates stable production at Alouette and attractive aluminium prices

Result Drivers
HIGHER ALUMINIUM PRICES - Co said increased aluminium prices and premiums contributed to revenue and earnings growth
VOLUME GROWTH - Significant increase in shipments, especially in Rolling Division, boosted results
COST-EFFICIENCY MEASURES - Cost-efficiency initiatives at Ranshofen site supported profitability

Company press release: ID:nEQ1LFmS4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 472.70 mln
 
Q3 Net Income
 
EUR 41 mln
 
Q3 EBIT
 
EUR 61.30 mln
 
Q3 Operating Cash Flow
 
EUR 20.50 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 €33.00, about 7.5% above its October 28 closing price of €30.70
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
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Oct 28 - China's aluminium producers push abroad as domestic growth hits ceiling

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.)