AMG : Higher Lithium prices drive up EBITDA forecast
>Clean Energy Materials to benefit from materially higher prices - We have updated our model with the current lithium and vanadium prices (all in Clean Energy Materials), still conservatively using a 4 quarter rolling average for lithium instead of spot. The result is that we up our 2022 EBITDA from $264m to $300m (with the margin moving from 18.3% to 19.6%) with net profit moving from $124m to $147m or an EPS of $4.62 with similar upgrades for 2023 and 2024. As a res...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
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.
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