on Norddeutsche Affinerie AG (ETR:NDA)
Aurubis Elevates Full-Year Guidance Following Strong Q3 Results
Aurubis AG has announced an increase in its full-year forecast, driven by a notably improved third quarter. The company reported a 31% rise in operating earnings before taxes (EBT) to €374 million for the first nine months of fiscal year 2025/26. This boost is attributed to an uptick in metal prices, particularly precious metals, and increased revenues from sulfuric acid and copper products. In Q3 alone, operating EBT reached €149 million, surpassing the previous quarter significantly.
The company's strategic investment progress is also noteworthy, with nearly 90% of its €1.7 billion agenda realized. Key projects include a new recycling plant in Hamburg and the expansion of the copper tankhouse in Bulgaria. Going forward, Aurubis anticipates a full-year operating EBT at the upper end of its €425-525 million forecast range, underscoring its robust performance despite market challenges.
R. E.
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