Aurubis falls as analysts point to weak cash flow, upgrade absence

Salzgitter AG

06/08/2026 09:23

** Aurubis NAFG.DE shares dropped 5% as analysts point to weak third-quarter cash flow, disappointment at lack of outlook upgrade with nine-month results
** The German copper producer said on Thursday its 2025/26 earnings would reach the upper end of its previously guided range of €425-525 million
** "Some investors would have perhaps thought they might raise guidance," says Maxime Kogge, analyst at ODDO BHF
** Kogge adds that weak cash generation could contribute to today's share dip
** The company reported net cash flow at €-28 million ($-32.32 million) for the nine month period through June, down from €357 million last year
** Stock has gained nearly 50% year-to-date including today's losses​
($1 = 0.8663 euros)

(Reporting by Danny Callaghan)
((danny.callaghan@thomsonreuters.com))