43 million € profit

How aluminum producer defies difficult environment

AMAG - here CEO Helmut Kaufmann - achieved a turnover of 1.44 billion euros in the previous year.(Bild: Krone KREATIV/AMAG, AMAG/APA-Fotoservice)

The environment is challenging - but AMAG is still holding its own. The aluminum producer from Ranshofen (Upper Austria) recorded only a slight decline in sales in the previous year and made a profit of €43.2 million after taxes. "In view of the prevailing conditions, this is a very solid performance," says CEO Helmut Kaufmann.

In July 2024, AMAG CEO Helmut Kaufmann compared the environment in Europe to "rough seas". Even now, the aluminum producer speaks of a "persistently difficult environment". Despite this, the Innviertel-based company is holding up well: although turnover in 2024 fell slightly compared to the previous year, it amounted to EUR 1.44 billion. Profit after tax fell to 43.2 million euros, a drop of 23.2 million euros compared to 2023, which is also due to impairment losses. The volume of aluminium sold remained more or less unchanged: 425,000 tons.

The results achieved are the result of a solid business structure, the outstanding work of our experienced team and sustainable cost management. We will continue to focus on innovation and efficiency in order to remain successful in the future.

Helmut Kaufmann, Vorstandschef der AMAG

"Fundamentally solid position"
What makes AMAG so robust? In addition to a very good operating performance, Kaufmann sees the company's broad positioning and high flexibility and adaptability as major advantages, as well as increased demand in Asia and the USA in the rollers segment. The Canadian electrolysis business, in which the Upper Austrians hold a 20 percent stake, also brings stability. "AMAG is in a rock-solid position both operationally and financially. We will continue to apply our expertise in the aluminium sector in a solution- and customer-oriented manner and are confident about the 2025 financial year despite the many uncertainties," emphasizes Kaufmann, who even refers to "record sales of aviation and automotive products".

The aluminum producer from Upper Austria, which will have a new Supervisory Board Chairman in Alessandro Dazza in April, had 2237 employees at the end of 2024.