Brief: AMG Critical Materials FY Revenue Drops To $1.63 Bln

AMG Critical Materials NV

21/02/2024 17:34

Feb 21 (Reuters) - AMG Critical Materials NV  AMG.AS :
    * AMG CRITICAL MINERALS Q4 2023 ADJUSTED EBITDA DECREASED
88%
COMPARED TO SAME PERIOD IN 2022, TO $2 MILLION (ADDS NAME OF
DIVISION)
    * AMG REPORTS RECORD-SETTING EARNINGS FOR THE FULL YEAR 2023
    * TOTAL 2023 DIVIDEND PROPOSED IS EUR 0.60 PER ORDINARY
SHARE,
INCLUDING INTERIM DIVIDEND OF EUR 0.40, PAID ON AUGUST 9, 2023
    * LIQUIDITY AS OF DECEMBER 31, 2023 WAS $540 MILLION, WITH
$345
MILLION OF UNRESTRICTED CASH AND $195 MILLION OF REVOLVING
CREDIT AVAILABILITY
    * FREE CASH FLOW(1) WAS $38 MILLION IN 2023
    * CASH FROM OPERATING ACTIVITIES WAS $223 MILLION IN 2023,
COMPARED TO $168 MILLION IN 2022
    * FULL YEAR 2023 ADJUSTED EBITDA WAS A RECORD-SETTING $350
MILLION
    * FY REVENUE $ 1,63 BILLION VERSUS $1.64 BILLION YEAR AGO
    * TOTAL 2023 DIVIDEND PROPOSED IS EUR 0.60 PER ORDINARY
SHARE,
INCLUDING INTERIM DIVIDEND OF EUR 0.40, PAID ON AUGUST 9, 2023.

Source text for Eikon:  ID:nGNX4CTgRT 
Further company coverage:  AMG.AS 

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