AMG : Quaretrly metal price Lithium decline has an impact, TP to €52, Outperform reiterated
>Lowering estimates but still ahead of 2023 and medium term guidance - We usually update our AMG model at the end of each quarter, setting prices to quarterly averages and adjusting forward looking assumptions. The lithium carbonate price declines are strong so far in 2023: 27% in Q1 23 vs Q4 22 and 49% so far in Q2 23 vs Q1 23. However, as we had included a cushion of 30% in our estimates, setting the actual price in our model for 2Q and 3Q has a modest impact. Hence...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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