Aurubis : Lower commodity prices vs slight improvement on the concentrates market
>Q3 below forecasts, but robust Q4 outlook - Aurubis yesterday reported Q3 2023-24 results (to 30 June) below expectations (see our first take published yesterday), causing a large stock market reaction (-12%) amid the market rout. The gap with our forecasts was explained above all by lower-than-expected metal gains and slightly higher energy costs. In contrast, ramp-up expenses on new projects (notably Richmond) were in line with previous indications (€ 16m to date ...Norddeutsche Steingut is a Germany-based manufacturer and distributor of tiles, concentrating on wall and floor tiles for the residential and commercial sector. As of December 31, 2011, Co. was operational through its two wholly owned subsidiaries Nord Ceram Fliesenproduktions und -vertriebs GmbH & Co. KG, which mass produces standard- and large-size floor tiles under the Pro brand for its own sale and for partners of the parent company; as well as Bremer Wandplatten GmbH, which produces floor and wall tiles under the BW brand. Co.concentrates on business activities in Germany
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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