Hamburg (dpa -AFX) – Lower fees for melting copper concentrate pressed aurubis winning in the second business quarter. In addition, higher start -up costs for the new location in the United States. Solid transactions with sulfuric acid – a by -product of copper production – as well as positive consequences of increased metal prices could not be completely absorbed. CEO Toralf Haag adheres to his annual view.
With a increase in sales by 14 percent to 4.97 billion euros, operational profit before tax fell by a quarter to 99 million euros in the three months to the end of March, as the company announced on Thursday. The bottom line was a result of 76 million euros – after 105 million a year ago.
Analyst Christian Obst from Baader Bank wrote in a first reaction of good results in a difficult business environment. The market expectations should hardly change. For the Aurubis shares, an overall positive overall market went up to 76.10 euros up to lunch.
For the entire current financial year until the end of September, the MDAX group (MDAX) continues to expect an operational input tax result of 300 to 400 million euros – but now concretized this to about the middle of the range. The latter is also in accordance with the middle analyst estimate. After the first half of the financial year there is already an operational input tax profit of 229 million euros in the Aurubis books.
Due to the international customs disputes triggered by the United States, Aurubis sees hardly any direct effects. Copper is not affected by the reciprocal tariffs that the US government announced in early April, the management emphasized in a presentation for investors and analysts. The USA looked at the international copper trade, which could certainly lead to import duties. A result of the investigation is not expected before November.
At the same time, import duties on copper in the USA would increase the demand for local copper production, it continued. Aurubis would benefit from this with its own location in the USA.
In September, Aurubis opened a recycling plant in Augusta (Richmond County) in the US state of Georgia. The group puts a total of around 740 million euros in the new location to benefit from the recycling boom in the country. A second module follows. First of all, start -up costs are incurred; From the next financial year 2026/27, Richmond should then make a profit contribution, the corporate management had declared in February./MIS/STW/STK
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