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Aurubis AG
Earnings Release • Jan 21, 2021
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Earnings Release
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Ad-hoc | 21 January 2021 15:25
Aurubis AG: Aurubis AG increases full-year forecast
Aurubis AG / Key word(s): Change in Forecast
Aurubis AG: Aurubis AG increases full-year forecast
21-Jan-2021 / 15:25 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 increases full-year forecast
Hamburg, January 21, 2021 – Aurubis AG is increasing its forecast for operating earnings before taxes (EBT) for the current fiscal year 2020/21:
The Aurubis Group now expects an operating EBT between € 270 million and € 330 million. The forecast range for operating EBT was previously between € 210 million and € 270 million. The company anticipates a return on capital employed (ROCE) of 9 to 12 % following the previous forecast of 8 to 11 %.
Aurubis now expects a further significant increase in refining charges for recycling materials, a higher metal result with increased metal prices, and strongly improved copper product demand.
According to preliminary figures, Aurubis AG generated operating EBT of € 82 million in Q1 of fiscal year 2020/21 (previous year: € 31 million). The result for the quarter fulfills the current market expectation for Q1 2020/21. The former Metallo Group companies, which have been included in the Aurubis Group since June 1, 2020, contributed to the operating result in Q1 2020/21. Q1 of the previous fiscal year was influenced by a planned maintenance shutdown at the Hamburg site with a negative effect of approximately € 34 million on earnings.
IFRS consolidated earnings before taxes (EBT) in Q1 2020/21 amount to € 226 million according to preliminary calculations (previous year: € 100 million).
Contact:
Angela Seidler
Vice President
Investor Relations, Corporate Communications & Sustainability
Phone +49 40 7883-3178
21-Jan-2021 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: | 1162336 |
| End of Announcement | DGAP News Service |