Italian cable maker IRCE lifts nine-month revenue on dearer copper
IRCE's nine-month revenue rose 18% to EUR 335.69 million, with profit of EUR 9.69 million. The company credits higher copper prices despite weak demand.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
According to Reuters, Italian winding wire maker IRCE posted nine-month revenue up 18% year on year, reaching EUR 335.69 million for the first nine months of 2026. Profit for the period came to EUR 9.69 million.
The company said the increase was driven mainly by the upward trend in copper prices, even though market demand stayed weak and sales volumes fell in both business lines. It linked the decline in the winding wire segment partly to imports from Asia and difficult conditions among end users.
IRCE expects full-year 2026 results to beat the nine-month figures, while flagging ongoing uncertainty about the economic outlook. It also pointed to restructuring and energy transition initiatives as support for efficiency and future results.
why it matters
For the copper market, the story shows how higher metal prices can lift revenue even when volumes shrink. For investors, IRCE is a small niche stock, so the report matters mainly to those following Italian industrial names and copper-linked producers.
tags
instruments
on polymarket
sources
- Italian cable maker IRCE's 9M revenue rises on higher copper prices — Reuters, 13 November 2026 at 18:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗