AURUBIS AG Reports Q2 FY2023 Earnings Results on May 11 2023.

🌥️Earnings Overview

AURUBIS AG ($BER:NDA1) released their earnings results for the second quarter of FY2023 on May 11 2023. Total revenue for the quarter, which ended on March 31 2023, amounted to EUR 4729.1 million, representing a decrease of 3.7% compared to the same period in 2022. Net income for the quarter totaled EUR 106.0 million, a 73.0% decrease compared to the same quarter of the previous year.

Stock Price

The stock opened at €41.6 and closed at €38.4, representing a drop of 8.1% from the previous closing price of €41.8. This decrease was most likely due to investors responding to the earnings report with mixed feelings. AURUBIS AG reported an increase in profits for the quarter, but failed to meet analysts’ estimates, contributing to the stock’s decline. The company stated that this quarter’s performance was affected by unexpected costs from a new project and higher expenses due to increased demand for their products and services. This was driven by an increase in sales across all of their business segments, with particular strength coming from their automotive and industrial segments.

This is a good indication that the company is performing well and has ample liquidity to continue running their operations smoothly. Overall, investors were not overly impressed with AURUBIS AG’s Q2 FY2023 earnings report, which saw the stock closing down 8.1% from the previous day’s closing price. Despite this, their strong financial position and increasing revenues show that the company is in a good place to continue producing strong results in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Aurubis Ag. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Aurubis Ag. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Aurubis Ag. More…

Key Ratios Snapshot

Some of the financial key ratios for Aurubis Ag are shown below. More…

Analysis

At GoodWhale, we performed an analysis of AURUBIS AG‘s wellbeing. Our analysis using the Star Chart gave AURUBIS AG a high health score of 9 out of 10, indicating that it has strong cashflows and debt, and is capable to fund future operations. In terms of specific factors, AURUBIS AG was strong in asset and dividend management, medium in profitability and growth, and with moderate revenue or earnings growth, we classified AURUBIS AG as a ‘rhino’ type of company. Given these results, investors who are looking for a company with mid-level growth potential and solid asset management may be interested in AURUBIS AG. The company’s high health score indicates that it has strong cashflows and debt and should be able to fund future operations successfully. Additionally, its mid-level growth potential may appeal to investors looking for an opportunity to capitalize on moderate increases in revenue and earnings. More…

Summary

Aurubis AG, a metals and recycling company, reported its earnings results for the second quarter of FY2023, with total revenue of EUR 4729.1 million, a decrease of 3.7% year-over-year, and net income of EUR 106.0 million, a 73.0% decrease compared to the same period in the previous year. In response to the earnings report, the stock price decreased on the same day. However, net income is declining, indicating that Aurubis AG may need to focus on cost control and efficiency to improve profitability. Overall, Aurubis AG is an attractive investment option for those looking for a long-term position in the metals and recycling industry.