Aurubis AG (AIAGY) Q4 2025 Earnings Call Transcript
Aurubis AG (OTCPK:AIAGY) Analyst/Investor Day October 8, 2025 7:30 AM EDT Company Participants Ken Nagayama Toralf Haag - Chief Executive Officer & Member of the Executive Board Inge Hofkens - COO of Multimetal Recycling & Member of the Executive Board Tim Kurth - COO of Custom Smelting and Products & Member of Executive Board Steffen Hoffmann - Chief Financial Officer Seonag Doherty David Schultheis Martin Sj berg Conference Call Participants Jason Fairclough - BofA Securities, Research Division Boris Bourdet - Kepler Cheuvreux, Research Division Bastian Synagowitz - Deutsche Bank AG, Research Division Maxime Kogge - ODDO BHF Corporate & Markets, Research Division Daniel Major - UBS Investment Bank, Research Division Laura Colli Colin Hamilton Alan Spence - BNP Paribas Exane, Research Division Presentation Ken Nagayama Good afternoon, London. And because we're streaming this event also through the web, we're also wishing a good morning to all our participants from the U.S. Welcome to the Aurubis Capital Market Day 2025.
Aurubis faces short-term challenges, including theft and macroeconomic trends, but I believe it will outperform in the long term with patience. The company's latest 9M/3Q results show stable performance, improved EBT, and positive trends in metal results and copper premiums despite some negative trends. Aurubis is undervalued, trading at 7.8x P/E, with potential upsides of 71-90% RoR by 2027, driven by growth projects and expansions.
| - Industry | - Sector | Dr. Toralf A. Haag Ph.D. CEO | OTC PINK Exchange | DE0006766504 ISIN |
| DE Country | 7,000 Employees | 7 Apr 2025 Last Dividend | - Last Split | - IPO Date |
Aurubis AG, headquartered in Hamburg, Germany, is a prominent player in the metal processing industry, focusing on the processing of metal concentrates and recycling materials. The company’s history dates back to 1866 when it was initially founded as Norddeutsche Affinerie AG before rebranding to Aurubis AG in April 2009. Specializing in the recycling and processing of scrap metals, organic and inorganic metal-bearing recycling raw materials, and industrial residues, Aurubis AG has established itself as a key entity in offering comprehensive solutions for the recycling and production of various metals and their products.
Aurubis AG manufactures wire rods and specialty wires used in various industrial applications. These products are designed to meet high-quality standards for electrical and mechanical properties, catering to the needs of the electronics, automotive, and construction industries.
The company provides a selection of shapes, bars, and profiles made from high-quality metals, tailored to meet specific customer requirements. These products are utilized in a wide range of applications, from simple construction elements to complex components in mechanical engineering.
Aurubis AG offers industrial rolled products, including sheets and strips, which are essential in the manufacturing of electronic components, roofing materials, and various other industrial applications, showcasing the company’s versatility in producing metal products.
These products comprise copper sheets and strips used in architectural applications, offering both functionality and aesthetic appeal. Aurubis AG's architectural rolled products are known for their durability, corrosion resistance, and recyclability, making them a preferred choice for modern architectural projects.
The company is involved in the production of precious metals, such as gold and silver, extracted during the recycling process of copper and copper-alloy materials. These metals are supplied to various sectors, including the jewelry, electronics, and automotive industries.
Aurubis AG engages in the recycling and production of non-ferrous metals and alloys, including tin, lead, lead-bismuth alloy, lead-antimony litharge, tellurium metals, and tellurium dioxide. These products are used in numerous applications, such as in batteries, solar panels, and semiconductors.
The company produces sulfuric acid, iron-silicate, smelter intermediates, and selenium as by-products of its metal processing operations. These chemical products find applications in the chemical industry, agriculture, and as components in various industrial processes.