Aurubis AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 2025-2026 saw strong revenue growth and higher metal prices, but cash flow and ROCE declined due to increased working capital and investments. Full-year guidance for operating EBT and EBITDA was raised, with strategic projects on track and robust demand for copper products.
Fiscal Year 2025
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Solid financial performance with strong cash flow and resilience despite lower TC/RCs and one-off items. Strategic projects advanced, dividend increased, and guidance for 2025/2026 maintained amid tight raw material markets and supportive metal prices.
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Aurubis is transitioning from a high-investment phase to focused cash generation, efficiency, and performance culture, targeting €260 million additional EBITDA by 2028-2029. Strategic growth is centered on Europe and North America, with Richmond as a U.S. platform, while sustainability, innovation, and strong partnerships underpin its competitive edge.
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Operating EBT and EBITDA remained robust despite major shutdowns, with strong cash flow and strategic investments progressing as planned. Guidance for the year is narrowed, and market conditions remain challenging but manageable.
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Operating EBT and EBITDA remained robust year-over-year, supported by higher metal prices and strong sulfuric acid revenues. Strategic investments are progressing, with guidance reaffirmed for the full year and market volatility expected to persist.
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Operating EBT rose 17.5% to €130 million in Q1, with strong cash flow and robust segment performance. Strategic investments and plant security initiatives advanced, while guidance for the year remains unchanged. Sulfuric acid sales and copper prices are key earnings drivers.
Fiscal Year 2024
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Robust financial performance with operating EBT up 19% year-over-year and strong cash flow supported major strategic investments. Guidance for 2024-25 anticipates lower EBT due to ramp-up costs, with stable market demand and continued focus on safety, security, and sustainability.
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Operating EBT rose 30% year-over-year to EUR 333 million, driven by strong performance and higher metal prices, despite major investments and increased costs. Full-year guidance is confirmed at the upper end, with robust segment results and continued progress on strategic projects.