Aurubis AG

Latest Results (07.08.2024):

Revenue Stability

Aurubis AG reported revenues of €12,939 million for the first nine months of fiscal year 2023/24, maintaining a stable level compared to the previous year's €12,951 million. This stability in revenue reflects the company's consistent performance in its core operations despite various market challenges.

Increased Operating Earnings

The company achieved strong operating earnings before taxes (EBT) of €333 million in the first nine months of 2023/24, a significant increase from €257 million in the same period of the previous year. This improvement was driven by higher treatment and refining charges, a substantial rise in the metal result, and increased revenues from the Aurubis copper premium.

Net Cash Flow

Net cash flow for Aurubis AG was reported at €52 million for the first nine months of 2023/24, down from €73 million in the previous year. The decrease was primarily due to high payments for inventories, although there was a positive development in net cash flow compared to the first half of the fiscal year.

Segment Performance

The Multimetal Recycling (MMR) segment generated an operating EBT of €109 million during the reporting period, down from €143 million in the previous year. The decline was attributed to falling refining charges due to a market-related drop in scrap and blister copper input.

Operating ROCE

Aurubis AG's operating return on capital employed (ROCE) was 11.1% for the first nine months of 2023/24, slightly down from 11.2% in the previous year. The growth projects currently underway are already reflected in capital employed, though their impact on results will be realized post-completion.