from AMAG Austria Metall AG (isin : AT00000AMAG3)
EQS-Adhoc: AMAG Austria Metall AG: AMAG Austria Metall AG: Impairment requirement affects EBIT in FY 2024; EBITDA range remains unchanged
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.
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: investorrelations@amag.at
Website: www.amag-al4u.com
End of Inside Information
18-Dec-2024 CET/CEST News transmitted by EQS Group. www.eqs.com
| 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