Aurubis AG Sees Positive Signals Across Market Segments

SEATTLE (Scrap Monster): Aurubis AG released the final figures for the first quarter of the fiscal year 2020-’21.

The company generated operating earnings before taxes (operating EBT) of € 82 million during the quarter. This compares with the operating EEBT of € 31 million during the corresponding quarter a year before. The higher operating EBT was mainly driven by significantly higher refining charges for copper scrap and other recycling materials over the previous year. The improvements from the Performance Improvement Program (PIP) also contributed to operating EBT.

Aurubis’ revenues surged 28% during the first three months of the fiscal year, to € 3,463 million, in comparison with € 2,709 million a year before. Also, the operating ROCE rose from 7.6% to 9.6%. The consolidated earnings before taxes (EBT) stood at € 226 million, as against the previous year’s € 226 million.

The company reported notable increase in concentrate throughput, despite large-scale maintenance shutdown been carried out in Hamburg site. The higher throughput got support from lower treatment and refining charges for copper concentrates. The positive sentiment was further boosted by strong metal prices as well as robust demand for copper products, the company press release noted.

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