EQS-News: AMAG Austria Metall AG: Successful first half of 2026 with a significant rise in earnings
EQS-News: AMAG Austria Metall AG: Successful first half of 2026 with a significant rise in earnings
EQS-News: AMAG Austria Metall AG / Key word(s): Half Year Results
AMAG Austria Metall AG: Successful first half of 2026 with a significant
rise in earnings
30.07.2026 / 07:15 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Ranshofen, 30 July 2026
AMAG Austria Metall AG: Successful first half of 2026 with a significant
rise in earnings
• Operational strength at the Ranshofen site and favourable market
conditions for the aluminium smelter interest in Canada enabled
successful business performance
• Revenue grew by +8.2% to EUR 850.7 million (H1/2025: EUR 786.2
million), driven by higher shipment volumes and aluminium prices
• EBITDA rose by +25.4% to EUR 101.1 million, underlining the AMAG
Group’s strong profitability (H1/2025: EUR 80.6 million); EBITDA
margin improved to 11.9% (H1/2025: 10.3%; +1.6 pp)
• Net income after taxes grew by +73.7% to EUR 40.7 million (H1/2025:
EUR 23.4 million)
• Outlook for 2026: Full-year EBITDA range of EUR 170 to 190 million
In a persistently challenging market environment, the AMAG Group continued
its successful start to the 2026 financial year in the second quarter,
with growth in shipments, revenue and earnings compared with the first
half of 2025. A very strong operational performance at the Ranshofen site
enabled significant volume growth in the strategically important
automotive (+31%) and heat exchanger (+23%) markets, as well as further
growth in aerospace (+9%) and industrial applications (+2%). The
continuation of cost-efficiency measures and attractive market conditions
for the Canadian aluminium smelter interest Alouette also had a positive
impact on performance in the first half of 2026.
Victor Breguncci, MBA, Chief Executive Officer of the AMAG Group: “The
AMAG Group impressively demonstrated its operational strength and high
resilience in the first half of 2026. Despite ongoing geopolitical
uncertainties, US tariffs on aluminium and cost inflation that is high by
international standards, we were able to achieve significant growth in our
earnings power of +25% year-on-year and further improve profitability.
Productivity gains, optimisations in the product mix and record sales in
the Rolling Division in the second quarter of 2026 contributed
significantly to the successful business performance. This demonstrates
once again the strength of the AMAG team.”
The AMAG Group’s revenues rose to EUR 850.7 million in the first half of
2026, representing an increase of +8.2% on the previous year’s figure
(H1/2025: EUR 786.2 million). This positive revenue trend is attributable
in particular to increased shipment volumes in the Rolling Division and
the significantly higher aluminium price levels. Exchange rate effects
resulting from the stronger euro against the US dollar had a particularly
adverse impact.
The AMAG Group’s total shipments of 221,400 tonnes were slightly above the
previous year’s level (H1/2025: 220,400 tonnes). Logistics-related shifts
in shipments in the Metal Division offset a significant portion of the
substantial volume increases in the Rolling Division, particularly in the
automotive, heat exchanger and industrial applications sectors.
The AMAG Group’s earnings before interest, taxes, depreciation and
amortisation (EBITDA) saw significant growth of +25.4% to EUR 101.1
million in the first half of 2026 (H1/2025: EUR 80.6 million). Key factors
behind this success were the strong operational performance, significant
productivity gains and consistent cost-efficiency measures in the Casting
Division and Rolling Division, as well as high production stability and
attractive market conditions for the Alouette aluminium smelter interest
in the Metal Division. The EBITDA margin improved to 11.9%, reflecting the
positive performance across all operating divisions of the AMAG Group
(H1/2025: 10.3%).
The AMAG Group’s net income after taxes rose by +73.7% to EUR 40.7 million
in the first half of 2026, reflecting in particular the significantly
improved operating profit performance (H1/2025: EUR 23.4 million).
Cash flow from operating activities amounted to EUR -56.7 million
(H1/2025: EUR 76.2 million). This development is primarily attributable to
higher capital tied up as a result of increased aluminium prices, as well
as higher metal inventories (partly due to logistics-related delays in
sales in the Metal Division). Cash flow from investing activities amounted
to EUR -19.3 million (H1/2025: EUR -27.2 million). This resulted in a free
cash flow of EUR -76.0 million (H1/2025: EUR 49.1 million).
Net financial debt increased to EUR 421.7 million as at 30 June 2026 (31
December 2025: EUR 321.0 million), reflecting in particular the increased
capital tied up.
Cash and cash equivalents amounted to EUR 186.1 million as at 30 June
2026 (31 December 2025: EUR 276.5 million). Equity stood at EUR 740.4
million as at the half-year reporting date (31 December 2025: EUR 717.1
million). The equity ratio stood at 41.0% (31 December 2025: 43.2%). The
AMAG Group therefore continues to demonstrate a robust balance sheet
structure, despite the higher capital tied up, especially due to aluminium
prices.
Outlook for 2026:
Based on the current order book and market situation, as well as the
assumptions made regarding relevant price trends and geopolitical
conditions, the AMAG Management Board is confident about business
performance in the second half of 2026. The individual operating divisions
are currently assessed as follows:
In the Metal Division, earnings are expected to continue to perform well,
driven by high production volumes at Alouette and attractive aluminium and
raw material prices. The Casting Division continues to face a challenging
market environment, but has performed well so far. Key drivers include
productivity gains, operational flexibility and high cost efficiency. In
the Rolling Division, significant increases in volume and productivity, as
well as anticipated record sales in the automotive sector, are seen as key
drivers of earnings. The consistent implementation of cost-efficiency
measures will continue to have a positive impact.
At the same time, numerous uncertainties remain, particularly in
connection with geopolitical developments, possible changes to US import
duties and retaliatory tariffs, energy prices, and short-term fluctuations
in relevant market prices for aluminium, premiums, raw materials and
currencies. Furthermore, valuation issues, particularly in connection with
risk provisions and derivative valuations, may lead to significant
fluctuations in earnings.
Taking these conditions into account, the AMAG Management Board
anticipates EBITDA for the 2026 financial year to be in the range of EUR
170 million to EUR 190 million.
AMAG key figures:
Q2/2026 Q2/2025 Change in H1/2026 H1/2025 Change in
% %
Shipments in tonnes 111,700 109,600 +1.9 221,400 220,400 +0.5
of which external 97,700 100,100 -2.4 198,800 201,100 -1.1
shipments in tonnes
Revenues in EUR 446.9 384.8 +16.1 850.7 786.2 +8.2
million
EBITDA in EUR million 44.0 34.6 +27.3 101.1 80.6 +25.4
EBIT in EUR million 24.8 15.0 +65.8 62.8 38.8 +61.9
Net income after taxes 14.2 7.2 +95.9 40.7 23.4 +73.7
in EUR million
Cash flow from
operating activities -48.4 25.9 -286.5 -56.7 76.2 -174.4
in EUR million
Cash flow from
investing activities -8.0 -10.4 +22.8 -19.3 -27.2 +28.9
in EUR million
Employees in FTE^1) 2,125 2,198 -3.3 2,121 2,215 -4.3
30 June 2026 31 December 2025 Change in %
Equity in million EUR 740.4 717.1 +3.3
Equity ratio in % 41.0 43.2
Gearing ratio (debt ratio) in % 56.9 44.8
[1) Average number of employees (full time equivalent), including contract
workers, excluding apprentices and summer interns. Includes the 20%
personnel share of the aluminum smelter interest Alouette as well as the
staff 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 such as the aerospace, automotive, sporting goods,
lighting, mechanical engineering, construction and packaging sectors. At
the Canadian Alouette smelter, in which AMAG holds a 20% 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 and press contact:
Mag. Christoph M. Gabriel, BSc Mag. Brigitte Feichtenschlager
Head of Investor Relations and Group Public Relations
Spokesperson
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) 7722-801-2799
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 14 July 2026. The economic and trade
policy environment has changed several times in recent months. Internal
calculations and performance analyses 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 accept no
obligation to update such forecasts in the 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-language version shall
prevail.
This publication does not constitute a recommendation or an invitation to
buy or sell AMAG securities.
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30.07.2026 CET/CEST This Corporate News was distributed by [1]EQS Group
View original content: [2]EQS News
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Language: English
Company: AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen
Austria
Phone: +43 7722 801 0
E-mail: investorrelations@amag.at
Internet: www.amag.at
ISIN: AT00000AMAG3
WKN: A1JFYU
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
Stuttgart, Tradegate BSX; Vienna Stock Exchange (Official
Market)
LEI Code: 5299005VO3GJ18GL5F14
EQS News ID: 2372818
End of News EQS News Service
2372818 30.07.2026 CET/CEST
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