Aurubis AG / DE0006766504

Aurubis AG: Aurubis AG releases preliminary operating result for 2023/24 and full-year forecast for 2024/25

EQS-Ad-hoc: Aurubis AG / Key word(s): Profit Warning


23-Sep-2024 / 15:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Aurubis AG releases preliminary operating result for 2023/24 and full-year forecast for 2024/25 Hamburg, September 23, 2024 — According to preliminary figures, Aurubis AG will generate operating earnings before taxes (EBT) of about € 75 million in Q4 of fiscal year 2023/24 (previous year: € 92 million)* and therefore not fulfill market expectations for the quarter. The preliminary result for fiscal year 2023/24 is expected to be about € 410 million operating EBT (previous year: € 349 million).*  Following the conclusion of the maintenance shutdown in Hamburg, there were technical problems in the subsequent ramp-up phase. This led to reduced utilization of the smelter and other downstream units. Income at the Hamburg site declined accordingly. Due to dampening price expectations on the purchasing markets relevant for Aurubis and start-up costs for strategic projects, the forecast range for operating EBT for the 2024/25 fiscal year is expected to be between € 300 and 400 million (previous year: € 380 – 480 million). IFRS earnings before taxes (EBT) in fiscal year 2023/24 are about € 530 million according to preliminary figures (previous year: € 165 million). Of this amount, Q4 is expected to account for about € 162 million (previous year: € 88 million)*. The final results for Q4 of fiscal year 2023/24 and the outlook will be released on December 5, 2024. *See the restatement of the results due to the criminal activities directed against Aurubis taken into account on September 30, 2023, which led to a restatement of the prior-year results in keeping with IAS 8.   Contact:
Angela Seidler
VP Investor Relations & Corp. Communications
E-Mail: [e-mail]
Tel: [phone]  

End of Inside Information

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23-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Aurubis AG
	Hovestrasse 50
	20539 Hamburg
	Germany
Phone:	+49 (0)40 / 78 83 - 31 78
Fax:	+49 (0)40 / 78 83 - 31 30
E-mail:	[e-mail]
Internet:	www.aurubis.com
ISIN:	DE0006766504
WKN:	676650
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1993639

End of Announcement	EQS News Service

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1993639  23-Sep-2024 CET/CEST