AMG Critical Materials cuts 2024 profit guidance, reduces headcount

AMG Critical Materials NV

21/02/2024 17:22

Feb 21 (Reuters) - Miner and lithium supplier AMG
Critical Materials  AMG.AS  on Wednesday cut its core profit
guidance for 2024 and said it would reduce its headcount by
around 200 as part of an ongoing cost reduction programme.
    The group now expects adjusted earnings before interest,
taxes, depreciation and amortisation (EBITDA) of around $130
million for the full-year as profits from lithium and vanadium
ease, compared with $200 million it expected previously. 
    

 (Reporting by Dagmarah Mackos)
 ((dagmarah.mackos@tr.com))