AMAG Austria Metall (AMAG) Q3 2026 earnings summary

Executive summary

• Q1–Q3 2026 revenue rose 16.4% to €1,323.4m, EBITDA increased 58.9% to €181.4m, and net income after tax climbed 141.6% to €81.7m.

• Q3 EBITDA reached €80.3m, the second-best quarterly result on record; FY 2026 EBITDA guidance rose to €200m–€220m from €170m–€190m.

• Higher Ranshofen productivity, profitable Rolling volume growth, favorable primary-aluminium conditions and lasting cost efficiencies supported earnings.

Financial highlights

• Q1–Q3 revenue was €1,323.4m versus €1,137.0m; higher aluminium prices and shipments supported growth, partly offset by the stronger euro against the US dollar.

• Q1–Q3 EBIT rose 133.1% to €124.1m; net income after tax increased 141.6% to €81.7m and EPS reached €2.32 from €0.96.

• Q3 revenue increased 34.7% to €472.7m; EBITDA rose 139.5% to €80.3m. Q3 EBIT was €61.3m and net income after tax €41.0m.

• Q1–Q3 shipments rose 6.9% to 342,900 tonnes; Q3 shipments increased 21.0% to 121,500 tonnes, including ~9,000 tonnes of primary aluminium carried over from Q2.

Outlook and guidance

• FY 2026 EBITDA guidance rose to €200m–€220m, reflecting performance to date, the order book, expected prices and geopolitical assumptions.

• Outlook assumes continued strong divisional performance, Rolling volume growth, the current tariff regime and attractive primary-aluminium conditions; earnings growth versus 2025 is expected across divisions.

• Q4 expectations include stable Alouette production, strong Rolling productivity and profitable volume growth, solid Casting utilisation, and easing negative roll-over effects.