AMAG First-Half Revenue Climbs 8.2% on Stronger Shipments and Higher Aluminum Prices

Austrian aluminium supplier AMAG announced that its revenue for the first half of 2026 rose 8.2% to €850.70 million, driven by a combination of higher shipment volumes and elevated aluminium prices. The company's profitability also saw substantial growth, with net income surging over the period.

First-Half Financial Highlights

AMAG reported strong growth across key profitability metrics, according to its H1 2026 results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 25.4% to €101.10 million, leading to an improved EBITDA margin of 11.9%.

Net income after taxes experienced the most significant growth, climbing 73.7% to reach €40.70 million. However, the company's operating cash flow was negative at -€56.70 million for the first half of the year.

Drivers of Performance

The revenue increase was primarily supported by higher shipment volumes in the company's Rolling Division, with particularly strong demand from the automotive and heat exchanger markets. AMAG attributed the improved profitability to productivity gains and cost-efficiency measures implemented in its Casting and Rolling Divisions.

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Favorable external market conditions also provided a significant tailwind. The company's earnings were boosted by higher global aluminium prices and positive performance from its interest in the Canadian Alouette smelter.

Full-Year Outlook

Looking ahead, AMAG forecasts a full-year 2026 EBITDA in the range of €170 million to €190 million. The company anticipates continued strong earnings from its Metal Division, supported by high production levels and robust aluminium prices.

Despite the positive outlook, the company noted several market uncertainties that could pose risks. These include geopolitical developments, potential tariffs, volatile energy prices, and fluctuations in market prices for its products.