Austria's AMAG Q3 revenue rises on higher aluminium prices
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
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Oct 28 - China's aluminium producers push abroad as domestic growth hits ceiling
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(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.)