Aurubis AG - Earnings Release 2019

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.

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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