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Aurubis AG
Earnings Release • Nov 26, 2018
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Earnings Release
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News Details
Ad-hoc | 26 November 2018 15:09
Aurubis AG expects its operating result for fiscal year 2018/19 to be moderately below previous year
Aurubis AG / Key word(s): Forecast
Aurubis AG expects its operating result for fiscal year 2018/19 to be moderately below previous year
26-Nov-2018 / 15:09 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 expects its operating result for fiscal year 2018/19 to be moderately below previous year
Hamburg, November 26, 2018 – According to current estimates, Aurubis AG expects its operating EBT for fiscal year 2018/19 to be moderately below the previous year. This means a decrease of between 5.1 and 15 %. The forecast therefore does not correspond to the current market expectations of EUR 330 million for fiscal year 2018/19.
The main reasons for this deviation are various unscheduled shutdowns at the Hamburg, Lünen, and Pirdop sites in Q1 of fiscal year 2018/19, which is currently underway.
Aurubis AG’s first quarter, which is generally weaker due to seasonal factors, will be additionally strained as a result.
On November 1, 2018, Aurubis AG released a preliminary operating EBT of EUR 328 million for fiscal year 2017/18 (previous year: EUR 298 million).
Contact:
Dr. Björn Carsten Frenzel
Leader Legal Affairs
E-Mail: [email protected]
Tel: +49 40 78 83 30 44
26-Nov-2018 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 |
| End of Announcement | DGAP News Service |