Aurubis AG

  • WKN: 676650
  • ISIN: DE0006766504
  • Land: Deutschland

Nachricht vom 26.04.2019 | 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: c.frenzel@aurubis.com
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



show this

GBC-Fokusbox

Northern Data: "Waren zum richtigen Zeitpunkt mit dem richtigen Konzept am Markt"

Kryptowährungen, allen voran Bitcoin, sind zuletzt mit deutlichen Steigerungen wieder in den Investorenfokus gerückt. Northern Data, ein Spezialist für High Performance Computing, zählt laut eigenen Angaben zu den weltweit führenden Anbietern für Infrastruktur im Bereich Bitcoin-Mining. Wir haben mit dem Gründer und CEO Aroosh Thillainathan über die Perspektiven für Bitcoin und die Wachstumsaussichten für die Northern Data gesprochen.

Aktuelle Research-Studie

Northern Data AG

Original-Research: Northern Data AG (von GBC AG): Management Inverview

18. Januar 2021