🏭 𝗚𝗲𝗿𝗺𝗮𝗻 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝘁𝗶𝘁𝗹𝗲𝘀 𝗿𝗶𝘀𝗶𝗻𝗴 🏭
The multi-metal recycler $NDA.DE (Aurubis AG) raised its EBITA guidance for the year from EUR400 - 500 million to EUR500 - 600 million, more than 20%. The high metal (especially $COPPER ) prices boost the company;s results.
The stock price reacts with a 10% jump. As Aurubis is one of our biggest holdings, this is real good news for us.
The special chemicals producer $EVK.DE (Evonik) has suddenly announced today the confirmation of its guidance for the fiscal 2022, despite the supply chain issues and the war in Ukraine.
This is quite a suprise, as when the war broke out Evonik and other German companies in the sector (like $BAS.DE (BASF SE) and $1COV.DE (Covestro) ) lost double-digit percentage from their market values. Is the sector more resilient than investors previously thought? We will see.
All three companies' stock prices are jumping 2%+ intraday and are pushing the $GER40 further away from the 14k like. As all of the three mentioned companies can be found in the portfolio, this news is again really positive for us.
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