AMG Advanced Metallurgical Group NV
OTC:AMVMF
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AMG Advanced Metallurgical Group NV
AMG Advanced Metallurgical Group NV engages in the manufacture and market of specialty metals and metallurgical vacuum furnace systems and provision of engineering services. The company is headquartered in Amsterdam, Noord-Holland and currently employs 3,309 full-time employees. The company went IPO on 2007-07-11. The firm provides carbon dioxide (CO2) reduction solutions for various industries and is active in two segments: Critical Materials and Engineering. The Critical Materials segment focuses on the production of specialty metals, alloys and high performance materials, including aluminum master alloys and powders, titanium alloys and coatings, chromium metal, ferrovanadium, antimony, tantalum, niobium, silicon metal and natural graphite. The Engineering segment operates vacuum heat treatment facilities and comprises the design and production of vacuum furnace systems, including vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating and sintering. The firm is present in Germany, the United States, Brazil and China, among others.
AMG Advanced Metallurgical Group NV engages in the manufacture and market of specialty metals and metallurgical vacuum furnace systems and provision of engineering services. The company is headquartered in Amsterdam, Noord-Holland and currently employs 3,309 full-time employees. The company went IPO on 2007-07-11. The firm provides carbon dioxide (CO2) reduction solutions for various industries and is active in two segments: Critical Materials and Engineering. The Critical Materials segment focuses on the production of specialty metals, alloys and high performance materials, including aluminum master alloys and powders, titanium alloys and coatings, chromium metal, ferrovanadium, antimony, tantalum, niobium, silicon metal and natural graphite. The Engineering segment operates vacuum heat treatment facilities and comprises the design and production of vacuum furnace systems, including vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating and sintering. The firm is present in Germany, the United States, Brazil and China, among others.
EBITDA Growth: Adjusted EBITDA for Q3 reached $64 million, up 58% from last year, driven by strong performance in AMG Technologies and a compensation settlement.
EBITDA Guidance Raised: AMG increased its full-year 2025 adjusted EBITDA outlook from EUR 200 million or more to EUR 220 million or more, citing higher-than-expected tailwinds in antimony.
Graphite Business Divestment: AMG signed an agreement to sell its graphite business for around $55 million in net proceeds, aiming to strengthen the balance sheet and focus on core growth areas.
Free Cash Flow Outlook: Free cash flow remained negative in Q3 due to inventory build-up and shipping delays, but management expects it to turn positive in Q4 as these issues unwind.
Expansion Projects: Construction of a new chrome metal plant in Pennsylvania is on schedule, with additional U.S. expansion projects in feasibility stage and expected to require modest capital.
Lithium and Vanadium Headwinds: Lithium and vanadium continue to face low prices and volume declines, but AMG remains profitable in these segments through cost controls.
Antimony Inventory Tailwind: Temporary profitability boost from selling low-priced antimony inventory is expected to be fully utilized by year-end.
Strong Liquidity: AMG ended Q3 with $419 million in total liquidity and extended its revolving credit facility maturity to August 2028.
