EQS-News: AMAG Austria Metall AG: Strong first quarter of 2026 with significant increase in earnings
EQS-News: AMAG Austria Metall AG: Strong first quarter of 2026 with significant increase in earnings
EQS-News: AMAG Austria Metall AG / Key word(s): Quarter Results
AMAG Austria Metall AG: Strong first quarter of 2026 with significant
increase in earnings
30.04.2026 / 07:15 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Ranshofen, 30 April 2026
AMAG Austria Metall AG: Strong first quarter of 2026 with significant
increase in earnings
• Encouraging performance across all operating divisions of the AMAG
Group, with a positive contribution to earnings from the Canadian
aluminium smelter interest Alouette
• Significant improvement in earnings achieved alongside a slight
increase in revenue of +0.6% to EUR 403.8 million (Q1/2025: EUR 401.4
million)
• EBITDA increased to EUR 57.1 million (+23.9% compared to a strong
Q1/2025: EUR 46.1 million)
• Net income after taxes rose to EUR 26.5 million (+63.8% compared to
Q1/2025: EUR 16.2 million)
• Operating cash flow of EUR -8.4 million especially reflects a volume-
and price-related increase in working capital (Q1/2025: EUR 51.1
million)
• Outlook for 2026: Positive development compared with the previous year
anticipated across all AMAG divisions. EBITDA range of EUR 150 million
to EUR 180 million for the full year 2026
The AMAG Group made a successful start to the 2026 financial year,
achieving a significant increase in earnings in the first quarter compared
with the previous year. This development was driven by the AMAG Group’s
broad set-up and the favourable market environment for primary aluminium.
At the Ranshofen site, the high level of operational flexibility and the
diverse product and customer structure once again proved their worth. This
made it possible, among other things, to capitalise on short-term market
opportunities in the automotive sector. Furthermore, through its stake in
the aluminium smelter in Canada, AMAG was able to benefit from attractive
market prices in the primary aluminium sector.
Dr. Helmut Kaufmann, Chief Executive Officer of AMAG: “The very good
earnings in the first quarter of 2026 underline the stability of our
business model and the high performance of our organisation. AMAG has thus
once again proven itself to be a reliable company, even in a challenging
and volatile environment. Expertise across all areas of the business
enables high product quality, flexibility and excellent delivery
reliability even under the most difficult conditions.” Kaufmann adds:
“Personally, I am delighted to be retiring as CEO on the back of such a
strong quarterly result and to be able to look forward with confidence to
the rest of the year. I wish the whole AMAG team all the best for the
future.”
The AMAG Group’s revenues benefited from higher aluminium prices, which
more than offset the negative effects of the stronger EUR against the USD.
Following EUR 401.4 million in Q1/2025, revenue in the first quarter of
2026 saw +0.6% growth to EUR 403.8 million. Total shipments, at 109,700
tonnes, were roughly on a par with the previous year (Q1/2025: 110,800
tonnes).
Earnings before interest, taxes, depreciation and amortisation (EBITDA)
saw significant growth of +23.9% to EUR 57.1 million (Q1/2025: EUR 46.1
million).
The Metal Division saw significant growth in operating profit in the first
quarter of 2026 to EUR 31.8 million (Q1/2025: EUR 20.6 million). Thanks to
stable production, the Canadian interest Alouette was able to benefit from
attractive aluminium and alumina prices. In the Casting Division, EBITDA
rose to EUR 1.3 million (Q1/2025: EUR 0.9 million). This represented a
positive earnings trend, despite a market environment that remained
challenging. The Rolling Division also experienced growth in its operating
profit, achieving EUR 25.4 million in the first quarter of 2026 (Q1/2025:
EUR 24.4 million). This was primarily due to higher shipment volumes
combined with a changed product mix. The consistent implementation of
cost-efficiency measures at the Ranshofen site is also having a positive
impact.
After taking into account depreciation and amortisation of EUR 19.2
million (Q1/2025: EUR 22.3 million), the AMAG Group generated a 59%
increase in earnings before interest and taxes (EBIT) to EUR 37.9 million
(Q1/2025: EUR 23.8 million).
Net income after taxes rose by just under +64% in the first quarter of
2026 to EUR 26.5 million compared with the previous year (Q1/2025: EUR
16.2 million).
Cash flow from operating activities, at EUR -8.4 million, was
significantly below the previous year’s level (Q1/2025: EUR 51.1 million).
This development is primarily attributable to higher capital tied up due
to increased aluminium prices, as well as the necessary build-up of
inventories resulting from the rise in order intake. With a significantly
reduced cash flow from investing activities of EUR -11.3 million
(Q1/2025: EUR -16.8 million), free cash flow in Q1/2026 stood at EUR -19.7
million (Q1/2025: EUR 34.4 million).
Net financial debt has been affected by the increase in capital tied up
and stood at EUR 341.7 million as at 31 March 2026 (31 December 2025: EUR
321.0 million). Cash and cash equivalents stood at EUR 256.9 million at
the end of March 2026 (31 December 2025: EUR 276.5 million).
Outlook for 2026:
The global economic environment is characterised by heightened uncertainty
as a result of the war in Iran and the associated sharp rise in energy
prices. US trade policy and existing import duties on aluminium products
continue to affect the AMAG Group’s earnings performance. Overall, the
global economic recovery is increasingly affected by these factors.[1][1]
A stable strategic positioning, a robust raw materials strategy and a
highly diversified portfolio strengthen the AMAG Group’s resilient market
position and form the basis for a cautiously optimistic outlook:
In the Metal Division, high utilisation of production capacity and
attractive market prices (particularly for aluminium and alumina) are
creating very favourable conditions, so that, from today’s perspective,
earnings are expected to be higher than in the previous year. In the
Casting Division, business performance is anticipated to improve slightly
despite the market environment remaining challenging. Declining external
demand for recycled cast alloys can be offset by higher internal shipment
volumes. For the Rolling Division, the positive order trend, particularly
in the automotive and heat exchanger sectors, confirms the anticipated
rise in sales of aluminium rolled products in 2026. In selected sales
markets, lower price sensitivity is also evident.
Overall, based on current estimates and attractive market prices for
primary aluminium, the AMAG Group is anticipated to achieve an EBITDA
range of between EUR 150 million and EUR 180 million in 2026.
AMAG key figures:
Q1/2026 Q1/2025 Change in %
Shipments in tonnes 109,700 110,800 -1.0
of which external shipments in tonnes 101,100 101,000 +0.1
Revenues in EUR million 403.8 401.4 +0.6
EBITDA in EUR million 57.1 46.1 +23.9
EBIT in EUR million 37.9 23.8 +59.4
Net income after taxes in EUR million 26.5 16.2 +63.8
Cash flow from operating activities -8.4 51.1 -116.3
in EUR million
Cash flow from investing activities -11.3 -16.8 +32.7
in EUR million
Employees in FTE^1) 2,117 2,232 -5.2
31 March 31 December 2025 Change in %
2026
Equity in EUR million 737.5 717.1 +2.9
Equity ratio in % 41.1 43.2
Gearing in % 46.3 44.8
[1) Average number of employees (full time equivalents) including contract
workers, excluding apprentices and summer interns. Includes the 20%
personnel share of the interest in the Alouette smelter as well as the
employees of AMAG components.]
About the AMAG Group
AMAG Austria Metall AG is a leading Austrian premium supplier of
high-quality cast and rolled aluminium products, which are used in a wide
range of industries, including the aerospace, automotive, sporting goods,
lighting, mechanical engineering, construction and packaging sectors. At
the Canadian Alouette smelter, in which AMAG holds a 20 per cent interest,
high-quality primary aluminium is produced with an exemplary environmental
footprint. The AMAG components division, headquartered in Übersee am
Chiemsee (Germany), also manufactures ready-to-install metal parts for the
aerospace industry.
Investor contact Press contact
Mag. Christoph M. Gabriel, BSc MMag. Alexandra Hanischläger, MBA
Head of Investor Relations Head of Communications and Marketing
AMAG Austria Metall AG AMAG Austria Metall AG
Lamprechtshausener Straße 61 Lamprechtshausener Straße 61
5282 Ranshofen, Austria 5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-3821 Tel.: +43 (0) 7722-801-2673
Email: investorrelations@AMAG.at Email: publicrelations@AMAG.at
Website: www.amag.at
NOTE
The forecasts, plans and forward-looking assessments and statements
contained in this publication have been made on the basis of all
information available to AMAG up to 21 April 2026. The economic and trade
policy environment has changed several times in recent months. Internal
calculations and analysis of earnings are based on various assumptions.
These include, amongst other things, the continued validity of the US
import tariffs on aluminium products. Should the assumptions underlying
the forecasts prove incorrect, targets not be met or risks materialise,
actual earnings may differ from those currently anticipated. We undertake
no obligation to update such forecasts in light of new information or
future events.
This publication has been prepared with the utmost care and the data has
been checked. However, rounding, transmission or printing errors cannot be
ruled out. In general, rounding may result in discrepancies in the
figures, totals and percentages presented. AMAG and its representatives
accept no guarantees, in particular for the completeness and accuracy of
the information contained in this publication. This publication is also
available in German; in cases of doubt, the German version shall prevail.
This publication does not constitute a recommendation or an invitation to
buy or sell AMAG securities.
[2]^[1] See, for example, the Economic Forecast 1/2026 published by the
Austrian Institute of Economic Research (WIFO) in April 2026.
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30.04.2026 CET/CEST This Corporate News was distributed by [3]EQS Group
View original content: [4]EQS News
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Language: English
Company: AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen
Austria
Phone: +43 7722 801 0
Fax: +43 7722 809 498
E-mail: investorrelations@amag.at
Internet: www.amag-al4u.com
ISIN: AT00000AMAG3
WKN: A1JFYU
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
Stuttgart, Tradegate BSX; Vienna Stock Exchange (Official
Market)
EQS News ID: 2317818
End of News EQS News Service
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