Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Aurubis    NDA   DE0006766504

AURUBIS

(NDA)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Aurubis third-quarter earnings slump 72% on poor markets, project problems

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/08/2019 | 01:17am EDT

HAMBURG (Reuters) - Aurubis, Europe's largest copper producer, on Thursday posted a 72% fall in quarterly earnings largely due to the poor trading environment and previously-announced difficulties with a major investment project.

Aurubis posted a slump in operating earnings before taxes (EBT) to 22 million euros (20 million pounds) in the third quarter to end-June of its 2018/19 fiscal year, down from 78 million euros the same period last year.

The company had warned in June that the difficult economic environment would reduce earnings while higher than expected costs with its internal investment project Future Complex Metallurgy (FCM) would put an additional strain of about 30 million euros on the third quarter results and strain full year results.

Aurubis on Thursday also repeated its previous forecast that operating EBT for the full year 2018/19 will be "significantly below" the previous year.

(Reporting by Michael Hogan; Editing by Michelle Martin)

Stocks mentioned in the article
ChangeLast1st jan.
AURUBIS -0.23% 43.36 Delayed Quote.0.32%
LME COPPER CASH 0.47% 5870 End-of-day quote.0.53%
SALZGITTER AG -2.11% 18.58 Delayed Quote.-27.34%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AURUBIS
07:15aAURUBIS AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
09/06AURUBIS AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
09/05AURUBIS SHAPES THE FUTURE : new Innovation and Training Center inaugurated
PU
08/23AURUBIS AG - FULL STEAM AHEAD FOR TH : Aurubis inaugurates new power-to-steam pl..
AQ
08/23AURUBIS AG : Correction of a release from 22.08.2019 according to Article 40, Se..
EQ
08/22FULL STEAM AHEAD FOR THE ENERGY TRAN : Aurubis inaugurates new power-to-steam pl..
PU
08/13SALZGITTER : generates a pre-tax profit of EUR 145 million in the first half yea..
AQ
08/08AURUBIS : earnings hit by slowing auto sector, halting project
RE
08/08REPORT ON FIRST NINE MONTHS OF 2018/ : Aurubis generates operating result of € 1..
PU
08/08Aurubis third-quarter earnings slump 72% on poor markets, project problems
RE
More news
Financials (EUR)
Sales 2019 11 148 M
EBIT 2019 205 M
Net income 2019 149 M
Debt 2019 28,3 M
Yield 2019 3,33%
P/E ratio 2019 12,8x
P/E ratio 2020 12,2x
EV / Sales2019 0,18x
EV / Sales2020 0,16x
Capitalization 1 949 M
Chart AURUBIS
Duration : Period :
Aurubis Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AURUBIS
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Average target price 43,98  €
Last Close Price 43,22  €
Spread / Highest target 38,8%
Spread / Average Target 1,75%
Spread / Lowest Target -22,0%
EPS Revisions
Managers
NameTitle
Juergen Gunter Schachler Chairman-Executive Board
Heinz Jörg Fuhrmann Chairman-Supervisory Board
Rainer Verhoeven Chief Financial Officer
Ernst J. Wortberg Member-Supervisory Board
Fritz Vahrenholt Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AURUBIS0.32%2 164
INDUSTRIAS PENOLES SAB DE CV3.97%5 123
TIANQI LITHIUM CORP--.--%4 002
GRAFTECH INTERNATIONAL LTD18.27%3 931
JINDUICHENG MOLYBDENUM CO LTD24.16%3 351
GEM CO LTD--.--%2 809