ketchup of catch-up schreef op 1 maart 2019 11:38:
AMG - advies ABN outperform
kopen op dips
had ze niet in de porto, maar loop wat mee op dit advies, zojuist wat gekocht @ 32.66 en neem gestaffeld bij.
AMG another strong beat
strong set of results
4Q18 ebitda came in at usd 62.8 m, which is 15% ahead of company-compiled consensus of usd 54.8m
beat in both Critical Materials and Engineering
net income usd 29m, in line with consensus
environmental expenses of usd 8.7m during the quarter, which had a negative impact below the EBITDA line
AMG was debt-free at YE18, while consensus was going for a net debt position os USD26m
outlook the company indicates that its targets FY19 EBITDA to exceed the usd200m mark again (FY18 usd 217m)
this can be seen as a somewhat conservative guidance as consensus is already USD 222m for FY19
on May 1st the company will issue an updated LT guidance
overall we see this as a good set of results and expect the shares to outperform the market today