Aurubis (NDA GY) Q1 (EUR) EBT 105mln (prev. 130mln), as expected. Lifts FY forecast, EBT 375-475mln (prev. guided 300-400mln). The increased earnings forecast is primarily based on higher metal prices and very good overall demand for copper products.

Aurubis (NDA GY) Q1 (EUR) EBT 105mln (prev. 130mln), as expected. Lifts FY forecast, EBT 375-475mln (prev. guided 300-400mln). The increased earnings forecast is primarily based on higher metal prices and very good overall demand for copper products.

Aurubis's Q1 earnings before tax came in slightly below the previous period but aligned with expectations, which suggests stability in performance. However, the lift in their full-year forecast, largely driven by rising metal prices and strong demand for copper, indicates positive momentum ahead, likely enhancing investor sentiment toward the stock and could lead to upward revisions in peer forecasts as well.