Aurubis : Several headwinds and upcoming management change weighing on visibility
>Q1 results slightly below expectations - Aurubis reported last week a mixed set of Q1 2023-24 results (to end-December). Operating EBT at € 111m was below our estimates (€ 134m) those of the consensus (€ 115m). Moreover, the 34% increase (leaving aside the impact of fraud) vs Q4 is mainly due to lower energy costs, which fell to a four-year low, while the gross margin, the most adequate indicator of operating activity remained subdued. Due mainly to the drop in meta...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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