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: [email protected] Email: [email protected]

   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:      [email protected]
   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


   2317818  30.04.2026 CET/CEST

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