DGAP-Adhoc: Aurubis AG: Aurubis AG generates preliminary quarterly earnings of EUR 63 million and reduces full-year forecast
DGAP-Ad-hoc: Aurubis AG / Key word(s): Profit Warning/Change in Forecast
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).
Dr. Björn Carsten Frenzel
Head of Corporate Legal Affairs
Phone: +49 40 78 83 30 44
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26-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0)40 / 78 83 - 31 78|
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|EQS News ID:||804085|
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804085 26-Apr-2019 CET/CEST