The aluminum group benefited from increased demand and higher aluminum prices in the first quarter of 2025. Despite the positive development, however, the US tariffs on aluminum products are dampening the outlook.
The Upper Austrian aluminum group AMAG has started the year with a strong tailwind. In the first quarter of 2025, the company recorded significant growth in both revenue and profit. Revenue rose by 20 percent to EUR 401.4 million, while EBITDA climbed by 9 percent to EUR 46.1 million. The bottom line was a net profit of EUR 16.2 million – an increase of 22% compared to the previous year.
The main drivers of the positive result were higher sales in the Rolling Division and increased aluminum prices and premiums in the metals business. The volume delivered rose by 6.3% to 110,800 tons. At the same time, operating cash flow improved by 44% to EUR 51.1 million, while free cash flow amounted to EUR 34.4 million – more than three times the previous year’s figure.
Results by segment
AMAG’s core business is divided into three segments: Rolling, Metal and Casting. In the Rolling Division, which supplies aluminum sheet and plate for the aviation, automotive and packaging industries, EBITDA rose to EUR 24.4 million. The metals segment – which includes aluminum trading and the investment in the Canadian Alouette smelter – generated earnings of EUR 20.6 million, compared to EUR 17.2 million in the same quarter of the previous year. Higher aluminum prices and good sales premiums in North America compensated for higher raw material costs.
The only downer was the castings segment: it suffered from the continuing weakness of the automotive industry – EBITDA here fell to EUR 0.9 million, compared to EUR 2.2 million in the same period of the previous year.