Aurubis Ag Unsp/Adr (AIAGY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and a warm welcome to the analyst call. At this time, all participants have been placed on a listen early mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Elke Brinkmann, Investor Relations. Good afternoon, and welcome to our call on the results of the first three months of fiscal year 2025-26. We are here with our CEO, Tuva Sark, and our CFO, Steffi Hoffmann, who will walk you through the figures for the first three months of 2025 and 26 and current developments at Aarhus. We will first take you through the presentation and then open the line for your questions. If you would like to ask a question during the Q&A session, please use the nine-star key segment. Before we start, a short reminder of our disclaimer on forward-looking statements. Today's capital market presentation contains forward-looking statements about Aruba's plans and expectations. These statements involve risks and uncertainties that could cause actual results to differ naturally from those anticipated. Let me now turn the floor over to Tugha Saq. Thank you, Elke. And good morning, good day, good afternoon from Hamburg. Arubis started the new fiscal year with a sound result that was in line with market expectations. Operating EBT was satisfactory at 105 million euros, driven mainly by higher metal prices and consequently a higher metals result. Declining TCRCs, however, partly offset the positive metal result effect. EBITDA was 164 million euros compared to 184 million euros last year, which reflects anticipated higher costs in the overall group. Net cash flow was slightly negative at minus 8 million euros compared to 178 million euros in Q1 of last year. Free cash flow before dividend was minus ...