05/19/20

Press release: Aurubis achieves good half-year result despite coronavirus crisis

  • Operating EBT at € 91 million in first half-year
  • Effects of coronavirus pandemic successfully absorbed, but markets remain strained
  • Full-year forecast confirmed

With acquisition of recycler Metallo, Aurubis continues to implement multi-metal strategy with purpose

Hamburg, May 15, 2020 Despite the worldwide spread of the coronavirus, with extreme effects for the global economy, the Aurubis Group generated operating earnings before taxes (EBT) of € 91 million in the first half of fiscal year 2019/20 (previous year: € 103 million). Aurubis was able to balance out the reduced supply on the global raw material markets with flexible material planning and a broadly diversified supplier portfolio, ensuring that all production sites had a sufficient supply of concentrates and recycling materials. Stringent cost management nearly compensated for weaker demand for flat rolled products.

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