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01/28/21

Aurubis increases forecast for current fiscal year

•             The multi-metal company now expects an operating EBT between € 270 and € 330 million for fiscal year 2020/21

•             Increased refining charges for recycling materials, higher metal prices, and strongly improved copper product demand lead to forecast increase

•             At € 82 million, preliminary operating EBT in Q1 of the fiscal year fulfills market expectations

 

Hamburg, January 21, 2021 – Aurubis AG is increasing its forecast for fiscal year 2020/21, as the company announced to the capital market in an ad hoc release today. Aurubis now expects operating earnings before taxes (operating EBT) between € 270 million and € 330 million for the current fiscal year. At the start of the fiscal year, the multi-metal company anticipated an operating EBT between € 210 million and € 270 million. For Segment Metal Refining & Processing (MRP), Aurubis now expects an operating EBT between € 300 million and € 380 million (previously: € 250 million to € 330 million). For Segment Flat Rolled Products (FRP), the company now anticipates operating earnings before taxes between € 14 million and € 22 million (previously: € 4 million to € 12 million). The company forecasts an operating return on capital employed (ROCE) of 9 to 12 % following the previous forecast of 8 to 11 %.

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