Aurubis AG - Earnings Release 2021

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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

[email protected]

21-Jan-2021 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:	1162336