Report
Maxime Kogge

Aurubis : Reassuring CMD on execution and financial trajectory amid investment spree

>CMD devoted mainly to ongoing investment projects - The CMD contained no major scoops but provided a detailed update on the ongoing investment programme. Totalling € 1.1bn through eight key projects (see details on page 2), the programme is set to increase EBITDA by € 100m from 2024-25, € 200m in 2025-26 and € 260m at cruising speed in 2026-27 (vs expected EBITDA of € 743m in 2022-23). Aurubis clearly wanted to convince investors of its capacity to carry out all thes...
Underlying
Aurubis AG

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

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Maxime Kogge

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