AMG Critical Materials N.V.

AMG

Equity

ISIN NL0000888691 / Valor 3233757

Euronext - Euronext Amsterdam (2024-12-24)

EUR 13.84+1.69%

AMG Critical Materials N.V.
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About company

AMG Critical Materials N.V. is a global company that specializes in producing highly engineered specialty materials and providing vacuum furnace systems and services to various industries such as transportation, infrastructure, energy, and specialty metals & chemicals. With production facilities in multiple countries and sales offices in Japan, AMG is a leading lithium producer that supports green mobility and aims to meet the evolving needs of its customers. The company also emphasizes its commitment to sustainable development objectives in alignment with its financial goals and technological capabilities in the metallurgical industry.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Decline

AMG Critical Materials N.V. reported a revenue of $364 million for the second quarter of 2024, marking a 17% decrease compared to the same period in 2023. This decline was primarily attributed to significant drops in lithium and vanadium prices.

Adjusted EBITDA

Despite the revenue decline, AMG Critical Materials N.V. achieved an adjusted EBITDA of $39 million in Q2 2024. This performance underscores the company's ability to leverage its diversified portfolio to navigate market volatility effectively.

Profitability

Every operating unit at AMG Critical Materials N.V. was profitable in the second quarter of 2024. Notably, AMG Chrome, AMG Graphite, and AMG Antimony all performed well compared to the same quarter last year.

Liquidity

As of June 30, 2024, AMG Critical Materials N.V. had significant liquidity, with $308 million in cash on hand and $200 million available under its revolving credit facility, totaling over $500 million in liquidity.

Interim Dividend

AMG Critical Materials N.V. declared an interim dividend of €0.20 per ordinary share, which is scheduled to be paid in the third quarter of 2024. This decision reflects the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-38.4%1Y

-49.3%3Y

-34.4%5Y

Performance

43.0%1Y

45.3%3Y

47.3%5Y

Volatility