The Technology of Energy Saving
Annual Report 2024
Keyfigures
Scroll to continue1,440
Revenue $M
258
Adjusted Gross Profit $M
168
Adjusted EBITDA $M
38
Cash from Operating Activities $M
10
Working Capital Days
468
Net Debt $M
0.48
Lost Time Incident Rate
0.90
Total Incident Rate
(1.03)
Diluted Earnings per Share $
Letter to Shareholders
I am pleased to share AMG’s performance in 2024, a year in which we demonstrated resilience and strategic growth despite significant downward volatility in lithium and vanadium. In the face of a 65% drop in lithium market prices and a 23% decline in ferrovanadium market prices compared to the prior year, we achieved an adjusted EBITDA of $168 million, significantly surpassing our revised guidance of “$150 million, or more.”
At AMG, our committed values are the foundation of everything we do, guiding our actions and shaping our culture.
Safety underpins our success and allows us to operate with the confidence and reliability expected by all who depend on us.
Divisions
Sustainability
AMG is a global leader in critical materials which are essential building blocks for containing and eventually reversing the growth of atmospheric CO2 levels. AMG understands our obligation to minimizing our impact on climate change and are committed to achieving the following goal: By 2030, AMG commits to reduce its direct scope 1 and scope 2 CO2 emissions by 20% from a baseline of 2019 (i.e., pre-COVID-19) adjusted for the startup of our Zanesville facility. This is a total reduction of 125,000 tons of CO2.
Learn more about our approach