EQS-Ad-hoc: AMAG Austria Metall AG / Key word(s): Annual Results
AMAG Austria Metall AG: AMAG Austria Metall AG: Impairment requirement
affects EBIT in FY 2024; EBITDA range remains unchanged
18-Dec-2024 / 15:33 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group.
The issuer is solely responsible for the content of this announcement.
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Ranshofen, December 18, 2024
AMAG Austria Metall AG: Impairment requirement affects EBIT in FY 2024;
EBITDA range remains unchanged
The preliminary impairment tests (according to IFRS) conducted as part of
the preparation of the consolidated financial statements of
AMAG Austria Metall AG (together with its consolidated subsidiaries, the
AMAG Group) revealed the need for impairment charges at AMAG components,
which is allocated to the Rolling Division. As a result, based on current
calculations, AMAG Group's EBIT is expected to be reduced by approximately
EUR 15 million in the 2024 financial year. This translates into an EBIT
range for 2024 between EUR 55 million and EUR 75 million.
The impairment charges relate to the two German production facilities of
AMAG components Übersee GmbH and AMAG components Karlsruhe GmbH, where
ready-to-install detailed parts are manufactured, primarily for the
aircraft industry. Due to rising production costs, significant fixed-price
multi-year contracts, a simultaneously challenging economic environment
and increasing international competition in the aircraft component
production, future profitability will be negatively impacted.
The impairment charges are non-cash and have no impact on EBITDA. The
EBITDA range communicated by AMAG Group for the 2024 financial year thus
remains unchanged at EUR 160 million to EUR 180 million.
Investor contact
Mag. Christoph M. Gabriel, BSc
Head of Investor Relations and Issuer Compliance
AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen, Austria
Tel: +43 (0) 7722-801-3821
Email: (1)investorrelations@amag.at
Website: www.amag-al4u.com
End of Inside Information
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18-Dec-2024 CET/CEST News transmitted by EQS Group. www.eqs.com
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Language: English
Company: AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen
Austria
Phone: +43 7722 801 0
Fax: +43 7722 809 498
E-mail: investorrelations@amag.at
Internet: www.amag-al4u.com
ISIN: AT00000AMAG3
WKN: A1JFYU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 2054095
End of Announcement EQS News Service
2054095 18-Dec-2024 CET/CEST
References
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