DGAP-Adhoc Aurubis AG: Aurubis AG increases full-year forecast
DGAP-Ad-hoc: Aurubis AG / Key word(s): Change in Forecast
Aurubis AG increases full-year forecast
Hamburg, January 21, 2021 - Aurubis AG is increasing its forecast for operating earnings before taxes (EBT) for the current fiscal year 2020/21:
The Aurubis Group now expects an operating EBT between € 270 million and € 330 million. The forecast range for operating EBT was previously between € 210 million and € 270 million. The company anticipates a return on capital employed (ROCE) of 9 to 12 % following the previous forecast of 8 to 11 %.
Aurubis now expects a further significant increase in refining charges for recycling materials, a higher metal result with increased metal prices, and strongly improved copper product demand.
According to preliminary figures, Aurubis AG generated operating EBT of € 82 million in Q1 of fiscal year 2020/21 (previous year: € 31 million). The result for the quarter fulfills the current market expectation for Q1 2020/21. The former Metallo Group companies, which have been included in the Aurubis Group since June 1, 2020, contributed to the operating result in Q1 2020/21. Q1 of the previous fiscal year was influenced by a planned maintenance shutdown at the Hamburg site with a negative effect of approximately € 34 million on earnings.
IFRS consolidated earnings before taxes (EBT) in Q1 2020/21 amount to € 226 million according to preliminary calculations (previous year: € 100 million).
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21-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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|Phone:||+49 (0)40 / 78 83 - 31 78|
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|EQS News ID:||1162336|
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1162336 21-Jan-2021 CET/CEST