AMAG Group reported around a 59 per cent increase in earnings before interest, tax, depreciation and amortisation (EBITDA) to EUR 181 million (USD 202 million) in the first nine months of 2026, compared with EUR 114 million (USD 127 million) in the same period last year.
Revenue rose 16.4 per cent to EUR 1.3 billion (USD 1.4 billion) from EUR 1.1 billion (USD 1.2 billion) in the first three quarters of 2025. Net income after taxes increased about 142 per cent to EUR 82 million (USD 91 million), up from EUR 34 million (USD 38 million).
The Austrian aluminium producer attributed its performance to strong operations at its Ranshofen site, higher shipment volumes in the Rolling Division, and attractive market conditions for its Canadian aluminium smelter interest, Alouette. Cost-efficiency measures at Ranshofen also continued to support profitability.
Total shipments increased 7 per cent year on year to 342,900 tonnes from 320,800 tonnes. The Rolling Division recorded higher shipments in the automotive, heat exchanger and aerospace sectors. The Casting Division maintained solid volumes of recycled cast alloys, while primary aluminium shipments in the Metal Division also increased.
Victor Breguncci, MBA, Chief Executive Officer of AMAG, said, “We achieved the second-best quarterly result in the company’s history. The initiatives we have put in place to boost profitability in Ranshofen are proving effective and have enabled us to capitalise on opportunities that are coming from our key premium markets.”
The EBITDA margin rose to 13.7 per cent in the first nine months of 2026, up from 10 per cent a year earlier. The company cited higher aluminium prices, favourable conditions in the primary aluminium sector and the lasting benefits of cost-efficiency measures as key factors behind the earnings growth. A stronger euro against the US dollar, however, had a negative impact on revenue.