UBS provides a positive outlook for Befesa following reports of a potential 15% EU tax on aluminium scrap exports. The company is simultaneously undergoing a significant capacity expansion in its German operations.
Key Takeaways
- 1.The EU is reportedly planning a 15% tax on aluminium scrap exports starting in September, which is viewed as a positive development for Befesa's secondary aluminium business.
- 2.Befesa is increasing capacity in Germany by 60kt, representing approximately 29% growth in the second half of 2026.
Table of Contents
- Fast Take
- Befesa
- HEADLINE
- OUR TAKE
- Equities
- Trading data and key metrics
- EPS (UBS, diluted) (EUR)
- Forecast returns
- Company Description
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Olivier CalvetChiara TomesaniNatasha Brilliant
Securities
BFSA
Themes
Capacity expansionRegulatory tailwinds
Regions
EuropeGermany