Aurubis significantly increases nine-month result: Best quarter with a major shutdown in company history 

In the third quarter of the current 2023/24 fiscal year, Aurubis AG, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide, continued the strong economic development evidenced in the first half of the year: In the first nine months, the multimetal provider improved its operating earnings before taxes (EBT) by 30 % for a total of € 333 million (previous year: € 257 million). In Q3, which ended on June 30, 2024, Aurubis generated an operating EBT of € 90 million (previous year: € 18 million). The prior-year quarterly figures were restated to reflect the distribution of the metal shortfalls due to the criminal activities directed against Aurubis in fiscal year 2022/23.  

In the individual segments, the company achieved operating EBT of € 109 million (previous year: € 143 million) in the Multimetal Recycling (MMR) segment and operating EBT of € 317 million (previous year: € 173 million) in the Custom Smelting & Products (CSP) segment after nine months of the current fiscal year.  

The key drivers of the strong result in the first nine months of 2023/24 were increased treatment and refining charges with a slightly higher concentrate throughput, a significantly higher metal result, higher revenues from the Aurubis copper premium and from increased shapes surcharges with ongoing high demand for copper wire rod, and lower energy costs. Compared to the same period last year, these positive effects stood in contrast to markedly lower sulfuric acid revenues, lower income from refining charges for recycling materials, and increased Group costs. 

“As the significantly higher operating result in the first nine months of 2023/24 clearly shows: With its smelter network, Aurubis is a strong company on the road to success! The colleagues involved in the maintenance shutdown did an amazing job successfully completing the largest and most complex shutdown to date,” Aurubis CEO Roland Harings emphasized.