AMAG Austria Metall AG Reports Solid 2024 Earnings Amidst Challenges

AMAG Austria Metall AG posted a stable financial performance for 2024, maintaining revenues at EUR 1,448.8 million, slightly below the previous year's EUR 1,459.2 million. EBITDA reached EUR 179.2 million, reflecting strong operational performance across divisions. Despite difficult European market conditions, gains in the USA and Asia helped stabilize results.

Net income after taxes was EUR 43.2 million, impacted by impairment losses. Operating cash flow was solid at EUR 119.0 million, while investment cash flow was reduced to EUR 87.2 million, yielding a free cash flow of EUR 31.8 million. AMAG's equity stood at EUR 740.9 million, maintaining a strong financial position.

A proposed dividend of EUR 1.20 per share reflects a solid yield. Looking to 2025, AMAG anticipates challenges, particularly with alumina costs, yet remains optimistic due to its adaptable strategy.