Aurubis CEO Sees Increased Profit This Year, Handelsblatt Says

Nov. 25 (Bloomberg) -- Aurubis AG expects a higher-than-expected profit this year and a stable business next year with “fluctuations,” Handelsblatt reported, citing an interview with Chief Executive Officer Bernd Drouven.

Pretax profit will be “considerably” higher than the 260 million euros ($345.8 million) reported last year, he is quoted as saying. The company is looking at a number of projects at the same time and is seeking acquisition opportunities in Asia and South America, said Drouven, according to the newspaper.

To contact the reporter on this story: Allison Connolly in Frankfurt at aconnolly4@bloomberg.net.

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net.