Forecast Report

The statements made in the Forecast Report are based on our assessments of the overall economic conditions, of global copper market trends, and of Aurubis’ raw material and product markets. These assessments, in turn, are based on analyses by economic research institutes, organizations and industry associations, as well as on internal market analyses. The forecasts for the future business performance shown here are aligned with the Segment targets as well as the opportunities and risks posed by the expected market conditions and competitive situations in the forecast period of October 1, 2017 to September 30, 2018. The opportunities and risks affecting the Aurubis Group are explained in detail in the Risk and Opportunity Report. Our forecasts are regularly adjusted. The following statements are based on our knowledge in December 2017.

From our current perspective, there are a number of special factors that could influence the Aurubis Group’s markets. These include, in addition to general economic developments, political and monetary policy developments in the USA. In China, largely stable development is to be expected. In Europe, monetary policy and Brexit, i.e. the British people’s vote to leave the EU, with the accompanying events and consequences, could also have an impact. In Europe, the 2017 elections which took place in Germany, France and Austria have the potential for changes. Increasing protectionism as well as the political crises in the MENA region (Middle East and North Africa) and the conflict potential in North Korea continue to be relevant.