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Aurubis AG
Earnings Release • Apr 26, 2019
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Earnings Release
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News Details
Ad-hoc | 26 April 2019 17:00
Aurubis AG: Aurubis AG generates preliminary quarterly earnings of EUR 63 million and reduces full-year forecast
Aurubis AG / Key word(s): Profit Warning/Change in Forecast
Aurubis AG: Aurubis AG generates preliminary quarterly earnings of EUR 63 million and reduces full-year forecast
26-Apr-2019 / 17:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Aurubis AG generates preliminary quarterly earnings of EUR 63 million and reduces full-year forecast
Hamburg, April 26, 2019 – According to preliminary results, Aurubis AG generated operating earnings before taxes (EBT)* of EUR 63 million in Q2 of fiscal year 2018/19 (previous year: EUR 107 million). This includes one-off income of EUR 20 million from the rejected sale of Segment Flat Rolled Products to Wieland-Werke AG. Operating EBT for the first half of fiscal year 2018/19 would thus amount to EUR 103 million (previous year: EUR 186 million).
The result for the quarter was influenced in particular by lower throughput, partly in connection with maintenance shutdowns in the current fiscal year, as well as a corresponding inventory build-up, lower refining charges for copper scrap, and weaker demand in the flat rolled products business.
Due to these factors and a decline in economic conditions, the company is adjusting its full-year forecast for fiscal year 2018/19: According to current estimates, Aurubis AG expects operating EBT for the current reporting year to be significantly below that of the previous year. This means a decrease of more than 15.0 % compared to the previous year (operating EBT 2017/18: EUR 329 million).
IFRS consolidated earnings before taxes (EBT) in the first half of 2018/19 come to EUR 153 million according to preliminary calculations (previous year: EUR 233 million). Q2 accounts for EUR 149 million of this amount (previous year: EUR 64 million).
Contact:
Dr. Björn Carsten Frenzel
Head of Corporate Legal Affairs
E-mail: [email protected]
Phone: +49 40 78 83 30 44
26-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Aurubis AG |
| Hovestrasse 50 | |
| 20539 Hamburg | |
| Germany | |
| Phone: | +49 (0)40 / 78 83 – 31 78 |
| Fax: | +49 (0)40 / 78 83 – 31 30 |
| E-mail: | [email protected] |
| Internet: | www.aurubis.com |
| ISIN: | DE0006766504 |
| WKN: | 676650 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 804085 |
| End of Announcement | DGAP News Service |