Press Release

Preliminary figures: Aurubis records excellent result for the fiscal year

Hamburg | Thursday, November 1, 2018

According to preliminary figures, Aurubis AG (Aurubis) generated operating earnings before taxes (EBT) of € 328 million in fiscal year 2017/18. This is an increase of 10 % compared to the previous year (€ 298 million). The multi-metal supplier therefore fulfills market expectations.

We have one of the most successful fiscal years in company history behind us,

stated Jürgen Schachler, Aurubis Executive Board Chairman. “This affirms our intention to continue our path to becoming an even more efficiently operating multi-metal company.”

According to preliminary figures, Aurubis AG (Aurubis) generated operating earnings before taxes (EBT) of € 328 million in fiscal year 2017/18. This is an increase of 10 % compared to the previous year (€ 298 million). The multi-metal supplier therefore fulfills market expectations.

“We have one of the most successful fiscal years in company history behind us,” stated Jürgen Schachler, Aurubis Executive Board Chairman. “This affirms our intention to continue our path to becoming an even more efficiently operating multi-metal company.”

However, the preliminary result of € 63 million for Q4 of the fiscal year (previous year: € 87 million) was weaker than the market expected, following three very good previous quarters. The reason for this was smaller, unscheduled shutdowns at the Hamburg and Lünen production sites, which negatively affected the result for the quarter. “Unscheduled maintenance shutdowns can always occur now and then in a company like ours, despite all prevention measures,” explained Jürgen Schachler. However, he said that these generally had a limited influence on the result. “The impacts of the smaller shutdowns in September are now noticeable in the quarterly result after all.”

IFRS earnings before taxes (EBT) in fiscal year 2017/18 are € 366 million according to preliminary figures (previous year: € 456 million). Of this amount, Q4 2017/18 accounts for € 14 million (previous year: € 85 million).

Aurubis will release the final figures for fiscal year 2017/18 and the forecast for the following fiscal year on December 11, 2018.

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