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Austria's AMAG Q3 revenue rises on higher aluminium prices

By Reuters News


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:


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

  • Oct 28 - India's Vedanta Aluminium quarterly profit more than doubles on high prices, record production

  • Oct 28 - Befesa Q3 revenue up on higher zinc prices and improved secondary aluminium margins

  • 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.)

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