AMG Advanced Metallurgical Group N.V. (AMVMF.PK) Tuesday reported a narrower loss for its fourth quarter, reflecting reduced expenses, despite 11 percent decline in revenues. The company noted that the sharp contraction in European economy resulted in lower revenue and earnings.
However, in 2013, the metallurgical solutions provider is targeting an increase in operating margins through SG&A cost reductions, operational realignment and more streamlined management decision-making.
In the fourth quarter, net loss attributable to shareholders narrowed to $3.53 million or $0.13 per share from $13.2 million or $0.47 per share in the prior year.
Earnings before interest, tax, depreciation and amortization or EBITDA decreased 29 percent to $17.7 million.
Operating profit declined to $4.05 million from $9.78 million in the preceding year. Operating margin was 1.5 percent, compared to 3.2 percent a year earlier. Selling, general and administrative or SG&A expenses declined 20 percent to $34 million.
Revenues for the quarter dropped 11 percent to $275.18 million. Advanced Materials division revenues dropped 12 percent to $174.05 million and Engineering Systems generated revenue of $69.21 million, down 5 percent from last year. Revenues from Graphit Kropfmühl fell 14 percent from last year.
Heinz Schimmelbusch, chairman of the Management Board and CEO stated, "We simplified our corporate structure through the acquisition and merger with Graphit Kropfmühl, streamlined the Management Board, and made changes in operational management. These changes should enable AMG to react more quickly to the ongoing sluggishness in global markets."
Aiming to better coordinate organizational responsibilities and value chains, the firm has realigned its three operating units as AMG Processing, AMG Mining and AMG Engineering.
In Amsterdam, the shares closed Monday's regular trading at 6.62 euros.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.