Adds particulars on outcomes, forecast and enterprise outlook in refining and copper product demand
Adds particulars on outcomes, forecast and enterprise outlook in refining and copper product demand
HAMBURG, Feb 13 (Reuters) – Aurubis AG NAFG.DE, Europe’s largest copper producer, on Thursday maintained its forecast of a secure monetary yr, though a scheduled upkeep shutdown at its essential smelter hit its first-quarter numbers.
Working earnings earlier than taxes (EBT) within the first quarter of its 2019/20 fiscal yr ended Dec. 31 dropped to 31 million euros ($33.69 million) from 40 million euros a yr earlier.
Final yr, Aurubis had flagged {that a} deliberate upkeep shutdown on the group’s essential manufacturing plant in Hamburg final October and November was prone to have an effect of practically 34 million euros on its first-quarter outcomes.
“We efficiently carried out the upkeep shutdown in Hamburg within the deliberate timeframe and finances,” stated Aurubis CEO Roland Harings.
“All the deliberate investments and measures had been achieved….