According to final figures, the Aurubis Group generated operating earnings before taxes (EBT) of € 103 million in the first six months of FY 2018/19 (previous year: € 186 million) and therefore confirms the preliminary half-year result that the Group published on April 26, 2019. Operating EBT for Q2 amounted to € 63 million (previous year: € 107 million).
Compared to the very strong result of the first half of the previous fiscal year, a significantly lower concentrate throughput, with lower treatment and refining charges at the same time, impacted the result in particular. Unplanned shutdowns at the Hamburg, Pirdop, and Lünen sites already had a negative effect of approximately € 25 million on earnings in Q1 of the current fiscal year. Other factors that led to the lower result included significantly lower refining charges for copper scrap compared to the previous year, with a good supply; higher energy costs; and weaker demand for flat rolled products.