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Aurubis AG: Aurubis AG exceeds forecast for fiscal year 2020/21

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Aurubis AG / Key word(s): Profit Warning
Aurubis AG: Aurubis AG exceeds forecast for fiscal year 2020/21

28-Oct-2021 / 15:54 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 exceeds forecast for fiscal year 2020/21
Hamburg, October 28, 2021 - According to preliminary figures, Aurubis AG generated operating earnings before taxes (EBT) of € 85 million in Q4 of fiscal year 2020/21 (previous year: € 88 million). For the entire fiscal year 2020/21, the Group now expects overall excellent operating earnings before taxes (EBT) of € 353 million (previous year: € 221 million). The preliminary result therefore exceeds the forecast range of € 270 - 330 million operating EBT for the fiscal year.

In Q4 (until September 30, 2021), high ongoing refining charges for recycling materials, a higher metal result with strongly increased metal prices, strong demand for copper products, and high demand for sulfuric acid at increased prices positively impacted the result.

Continued high energy costs had the reverse effect on the Group's operating result (EBT).

IFRS earnings before taxes (EBT) in fiscal year 2020/21 are € 826 million according to preliminary figures (previous year: € 367 million). Of this amount, Q4 accounts for € 195 million (previous year: € 117 million).

The final figures for fiscal year 2020/21 will be released on December 3, 2021.

 

28-Oct-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:

a.seidler@aurubis.com

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:

1244499


 

End of Announcement

DGAP News Service

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