DGAP-News Aurubis AG: the most successful fiscal year in company history, dividend recommendation of € 1.60
DGAP-News: Aurubis AG / Key word(s): Annual Results
Aurubis: 2020/21 the most successful fiscal year in company history, dividend recommendation of € 1.60
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- Operating EBT rose by 60 % to € 353 million (previous year: € 221 million) in FY 2020/21, the highest result in Group history
- Executive Board and Supervisory Board to recommend a dividend of € 1.60 per share at the Annual General Meeting
- Updated corporate strategy: Strengthening core business, growth in recycling in particular, expanding forerunner role in sustainability
- Aurubis confirms it wants its production to be carbon-neutral well before 2050
Hamburg, December 3, 2021 - The Aurubis AG (Aurubis) fiscal year 2020/21, which ended on September 30, was the most financially successful in the company's history: with € 353 million, the multimetal producer generated outstanding operating earnings before taxes (EBT) overall, exceeding the prior-year result (€ 221 million) by about 60 %. Aurubis therefore significantly surpassed the forecast for the fiscal year as well. Operating ROCE (return on capital employed) also increased, reaching 15.6 % (previous year: 9.3 %). The result for Q4 was € 85 million (Q4 of the previous year: € 88 million).
In light of the outstanding result, the Aurubis Executive Board and Supervisory Board will recommend a - yet again - increased dividend of € 1.60 per share (previous year: € 1.30) at the Annual General Meeting on February 17, 2022, which will take place digitally again. If the shareholders at the Annual General Meeting accept this recommendation, the payout ratio will be 26 % (previous year: 35 %) of the operating consolidated net result.
Despite challenges: Good plant availability, high demand, increased metal prices
Aurubis maintained a good ongoing supply on both the primary raw material side (concentrates) as well as for recycling materials - secondary raw materials. Strong increases in refining charges for copper scrap and other recycling materials positively impacted the result as well. Furthermore, Aurubis benefits from a very good metal result with strongly increased metal prices, especially for copper, nickel, and tin. High product demand also supported the result. High energy costs had the reverse effect. The IFRS consolidated earnings before taxes (EBT) were € 826 million (previous year: € 367 million).*