|Bid||40.30 x 54900|
|Ask||40.32 x 54800|
|Day's Range||40.00 - 41.05|
|52 Week Range||36.07 - 70.44|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||7.90|
|Forward Dividend & Yield||1.55 (3.76%)|
|1y Target Est||N/A|
Aurubis, Europe's largest copper producer, on Friday cut its annual targets, citing factors such as a slower economy and maintenance shutdowns, sending its shares sharply lower. "We expect a continued decline in the product markets due to the general economic trend, especially in the automotive sector," Chief Executive Juergen Schachler said in a statement. "The current fiscal year is a transitional year for Aurubis as we invest intensively in our production," he added.
Aurubis AG, Europe's biggest copper smelter, is still seeking growth via acquisitions, CEO Juergen Schachler said on Thursday. "As a practically debt-free company we possess a comfortable financial scope," Schachler said in an advanced release of a speech to the company's meeting of shareholders in Hamburg. Schachler repeated his previous forecast for the group's performance in the current 2018/19 current financial year.
Aurubis AG, Europe's largest copper producer, said on Wednesday quarterly operating earnings fell by almost half following a series of plant shutdowns for maintenance. Aurubis repeated its forecast that full-year operating EBT will be "moderately lower" than in the previous year and that return on capital employed will be "slightly lower". "As a result, Aurubis recorded lower throughputs of both copper concentrates and recycling materials," it said on Wednesday.
EU antitrust regulators vetoed on Wednesday Siemens and Alstom's plan to create a European rail champion, saying that the combined merged company would have hurt competition and led to price hikes in signalling ...
BRUSSELS (Reuters) - EU antitrust chief Margrethe Vestager will hold a news conference in Brussels concerning two merger cases at around 1045 GMT, the European Commission said on Wednesday, without providing ...
HAMBURG (Reuters) - Aurubis AG, Europe's biggest copper producer, on Wednesday named Roland Harings as its new CEO. Harings has been CEO of MKM Mansfelder Kupfer und Messing, a German manufacturer of copper ...
Aurubis posted a 25 percent fall in operating earnings before taxes (EBT) to 65 million euros (58 million pounds) for the fourth quarter which ended on September 30. Full year operating EBT rose 10 percent to 329 million euros. The company made an advance release of its earnings on Nov. 1, citing unscheduled maintenance shutdowns of smelters in Hamburg and Luenen for the quarterly profit fall.
BERLIN/LONDON (Reuters) - Aurubis AG (NAFG.DE), Europe's biggest copper smelter, said on Wednesday its plan to sell its flat rolled copper products business to Germany's Wieland-Werke AG could fail as European antitrust authorities were likely to request new conditions. "Based on its preliminary assessment, the European Commission, in order to clear the transaction, would currently ask for further remedies that Wieland is not obliged to offer under the agreed Sale and Purchase Agreement," Aurubis said. Aurubis' shares fell more than 3 percent, underperforming the German mid-cap index.
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EU antitrust regulators on Wednesday voiced concerns about German copper group Wieland's bid for copper smelter Aurubis' flat-rolled products business, saying the deal may hurt competition. The European Commission opened an in-depth investigation to examine the impact of the deal on the companies' customers and consumers. "The proposed transaction would bring together the top two suppliers of copper rolled products in an industry that is already highly concentrated," European Competition Commissioner Margrethe Vestager said in a statement.