Aurubis Q1 Earnings Call Highlights

Net cash flow was -€8 million , a sharp decline from +€178 million in the prior-year quarter. Free cash flow before dividend was -€103 million versus €39 million a year ago. Both Haag and Hoffmann emphasized the quarter-end cash flow should be viewed as a “snapshot,” driven largely by working capital effects at record-high metal prices.Operating EBIT was €101 million and operating EBT of €105 million was 19% below the prior-year quarter’s €130 million . Hoffmann attributed the year-over-year decline to high ...