AMG Reports Strong 2024 Earnings Amid Market Challenges

AMG ADVANCED METALLURGICAL GROUP NV ( (NL:AMG) ) just unveiled an update.

AMG Advanced Metallurgical Group NV reported strong earnings for the full year 2024, with an adjusted EBITDA of $168 million, despite a significant drop in lithium and vanadium prices. The AMG Technologies segment showed exceptional performance, doubling its EBITDA from the previous year and achieving a record order intake. The company’s expansion projects in lithium and vanadium, along with strategic moves such as repurchasing a stake in Graphit Kropfmühl GmbH, position it well for future growth. AMG’s financial stability is highlighted by its strong liquidity and cash generation, enabling a proposed dividend of €0.40 per share.

More about AMG ADVANCED METALLURGICAL GROUP NV

AMG Advanced Metallurgical Group NV operates in the critical materials industry, focusing on producing and supplying high-value metals and materials such as lithium and vanadium. The company is recognized for its low-cost lithium concentrate production and is expanding its operations with projects in Brazil and Germany. AMG Technologies, a segment of the company, is known for its engineering capabilities, particularly in remelting and induction furnaces.

YTD Price Performance: 16.18%

Average Trading Volume: 8,442

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €472M

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