Report
Martijn Den Drijver

AMG Adv.Metallurgical Group : Soft quarter but outlook remains positive

>EBITDA improved QoQ again, but less than expected - Although the 2Q 2021 results showed healthy top line growth and a further improvement in absolute EBITDA QoQ, the lower than expected EBITDA in Clean Energy Materials resulted in AMG missing consensus estimates. Cashflow, however, was better than expected due to positive working capital inflow and lower than expected capex. With OCF at healthy levels and taking into account the $120m share issue, AMG appears to have...
Underlying
AMG Advanced Metallurgical Group N.V.

AMG Advanced Metaurgical Group NV is a holding company. Through its subsidiaries Co. creates and applies metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. Co. operates in three business segments: the Advanced Materials segment is engaged in the production of specialty metals and alloys; the Engineering Systems segement consists of proprietary technologies for the design and engineering of vacuum furnaces and related equipment used in the production and treatment of metals and alloys; and the Graphit Kropfmuhl's segment extracts, processes and refines natural crystalline graphite

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Martijn Den Drijver

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