Aurubis Reports Robust Full-Year Results Amid Market Volatility

Aurubis AG, a prominent global provider of non-ferrous metals and one of the largest copper recyclers, has announced strong financial results for fiscal year 2023/24. The company reported a 19% increase in operating earnings before taxes (EBT) to €413 million, attributing this growth to various factors such as higher metal results, increased copper premium revenues, and reduced energy costs. IFRS consolidated EBT saw a substantial rise to €523 million from €165 million in the previous year.

Despite a challenging market, Aurubis maintained robust cash flow and improved its return on capital employed to 11.5%. However, lower sulfuric acid revenues and increased costs from strategic projects and staff expansion posed challenges. The company aims for an operating EBT of €300-400 million for the next fiscal year while continuing its sustainable growth strategy with significant investments in recycling and efficiency improvements.