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Copper producer Aurubis predicts steady earnings in fiscal 2025/26

In a press release published Wednesday ahead of the capital markets day, Europe's biggest copper producer Aurubis announced its earnings guidance for 2025/26. It was largely in line with the guidance it provided for the prior year.

Hamburg-based company, said that it expects to achieve operating earnings before tax (EBT) between 300 million and 400 million euros (348 million to 465 million dollars) for the financial year which began on October 1. The company's original guidance for the previous year was also met.

Aurubis is due to release its annual results in December. Since then, the company has narrowed this guidance range to between 330 and 370 millions euros.

According to Aurubis, analysts have predicted an operating EBT in the range of 358 millions euros for fiscal 2024/25. The following year's EBT is expected to be 375 millions euros.

Investor event to be held on Wednesday, where the company will give an update about its new recycling smelter located in Richmond County, Georgia.

The smelter was launched in September 2024. It is estimated that it will take until fiscal 2026/27 for full production to reach 70,000 metric tonnes of blister copper each year.

Aurubis targets a return of 15% on its capital employed in the medium-term, with a maximum leverage ratio of 3.0, and a equity ratio above 40%.

(source: Reuters)