AMAG Austria triumphantly traverses through all odds of 2024, flagging strong fiscal output and committed sustainability drive

AMAG Austria Metall AG is a leading sustainable manufacturer and supplier of premium rolled aluminium products, including sheets, strips and plates, recycled aluminium alloy castings, and ready-to-install components. The company, with production sites at Ranshofen in Austria, Übersee and Karlsruhe in Germany, and Sept-Îles in Canada, is known for delivering exceptionally high-quality products used in a wide range of industries, such as aerospace, automotive, mechanical engineering, packaging, architecture, electrical, and sports industries.

Standing firm to the commitment to building a greener future, the company every year strives to strengthen its sustainability efforts throughout the supply chain and operations while focusing on a circular economy and clean technology. 2024 has also been a remarkable year for the company, marking successful sustainable initiatives alongside robust operational and financial performance.

Financial results (so far)

Throughout the first three quarters of 2024, AMAG Group has demonstrated impressive resilience amid the subdued global economic environment, especially in Europe. From starting the year with a revenue of EUR 335.8 million in Q1 2024 to achieving EUR 370.9 million in Q4 2024, the company has shown its dedication to the aluminium business, triumphing over all odds and challenges. While the aluminium price rally in Q2 and Q3 contributed to this growth, AMAG's proactive efforts to expand its business also played a key role in its success. Shipments grew from 104,200 tonnes in Q1 to 109,100 tonnes in Q3,

EBITDA rose from EUR 17.2 million to EUR 52.2 million, and net income after taxes heightened from EUR 13.3 million to EUR 20.9 million.