Aurubis AG Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : Yes. Okay. First of all, I'd like to have some kind of an idea concerning the cash flow development in Q4. You gave some kind of guidance saying, okay, we can reach operating cash flow at the level of last year's level. But when it comes to your inventories, you stated that you sold a lot of precious metals, of course, to reach the current earnings. Do you still have some buffer in your in your portfolio, in your inventories? And do you like to keep that buffer? Or can we expect that you are selling more of precious metals and more of your metal and inventory in Q4? So what is the framework and the guidance for the last quarter when it comes to inventories and to CapEx? This is the first question.

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : Yes. So in the end, you don't need some kind of an inventory buffer in the last quarter?

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : Okay. And then I have a last question -- a concern. Is there any news concerning your small little nickel joint venture in Asia? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. AUGUST 11, 2020 / 1:00PM, NAFG.DE - Q3 2020 Aurubis AG Earnings Call

Question: Christian Obst - Baader-Helvea Equity Research - Analyst : So is there a possibility that you might decide for some kind of a new plant for that kind of combined venture with the Asian company?