Report
Emna Ben Bdira ...
  • Maxime Kogge

Aurubis : Still muddling through, our target price is lowered to € 70

>Fresh disappointment after several operating incidents in the last two years - We talked to the company following the trading update of 23 September in which it announced Q4 operating EBT (closing 30 September) of ~€ 75m, far below forecasts (€ 132m for the Visible Alpha consensus). This result is at a five-year low leaving aside Q3 2022-23 that saw the peak in the fraud of which the group was a victim. This poor performance is due to major difficulties in ramping up...
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
Emna Ben Bdira

Maxime Kogge

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