Report
Martijn Den Drijver

AMG : Q3 a mixed bag, earnings wise and guidance wise

>Sales a miss, EBITDA a beat but due to incidentals, net debt a miss - AMG reported mixed Q3 2024 results. Sales came in at $356m and missed our estimate (no reliable css available) by 4%, primarily driven by a miss by AMG Vanadium. Adj. EBITDA came in at $40.3m, a beat versus our estimate of 2%, driven by AMG Lithium (modest) but especially AMG Technologies (antimony price spikes, as we had expected, were the key driver). Including all special project costs (which ar...
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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