Germany's Aurubis Q2 operating EBT rises 15%, lifts outlook

Aurubis AG

11/05/2026 06:10

Overview

Germany non-ferrous metals producer's fiscal Q2 operating EBT rose 15% quarter-over-quarter

Company raised full-year operating EBT forecast on improved market and earnings outlook

Higher metal prices and recycling volumes drove results, offsetting lower treatment charges and higher depreciation

Outlook

Aurubis raises 2025/26 full-year operating EBT forecast to €425–525 mln from €375–475 mln

Company now expects 2025/26 operating ROCE of 10–12%, up from prior 9–11% forecast

Aurubis says improved market and earnings outlook prompted the forecast increase

Result Drivers

HIGHER METAL PRICES - Co said increased metal prices, especially for precious metals, contributed to higher results

RECYCLING EARNINGS - Aurubis said higher earnings from the processing of recycling material supported results

SULFURIC ACID REVENUES - Co said sulfuric acid revenues exceeded the high prior-year level due to higher sales volumes

Company press release: ID:nEQ13J7XKa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 ROCE
8.10%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the specialty mining & metals peer group is "buy."

Wall Street's median 12-month price target for Aurubis AG is €164.00, about 12.1% below its May 8 closing price of €186.60

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)