Press Releases 2019

December 11, 2019

Aurubis recommends dividend of € 1.25 per share for fiscal year 2018/19

The Executive Board and Supervisory Board of Aurubis AG (Aurubis) will recommend a dividend of € 1.25 per share at the Annual General Meeting on February 27, 2020. This resolution was passed at the company’s Supervisory Board meeting yesterday.

October 17, 2019

Expansion of social engagement: Aurubis and German Chambers of Commerce Abroad (AHK) sign agreements in Peru and Chile

Aurubis continues to expand its social engagement in the world.

October 1, 2019

Investment in the site: Scheduled shutdown in Hamburg Aurubis plant has started

A scheduled maintenance shutdown started today in Aurubis AG’s Hamburg plant. The reason for the shutdown is the internal overhaul of the waste heat boiler in the primary smelter, which is legally mandated every three years. The entire primary smelter, where copper concentrates and recycling materials are used to manufacture copper anodes, and the associated contact plant used to produce sulfuric acid, were decommissioned for this purpose. In the next few weeks, technical renovations, maintenance, and measures to further improve environmental protection will be carried out on all of the key facilities in this area at the same time.

September 5, 2019

Aurubis shapes the future: new Innovation and Training Center inaugurated

Aurubis is taking the next step towards the future: together with First Mayor of Hamburg Dr. Peter Tschentscher, Aurubis AG CEO Roland Harings, Plant Manager Dr. Jens Jacobsen, and Head of Training Nils Gerstenkorn inaugurated the new Innovation and Training Center (IAZ) at the Hamburg site. With a key cast by apprentices from molten copper beforehand, they symbolically unlocked the new building for its future use.

August 22, 2019

Full steam ahead for the energy transition: Aurubis inaugurates new power-to-steam plant

In the presence of Hamburg’s Environmental Senator Jens Kerstan, Aurubis AG inaugurated a state-of-the-art power-to-steam plant at its headquarters in Hamburg today. The plant transforms the power supply system’s excess electricity, which is produced from renewable energies, into steam.

August 8, 2019

Report on first nine months of 2018/19: Aurubis generates operating result of € 125 million and invests in sites

Aurubis is continuing its multi-metal strategy. The acquisition of the Belgian-Spanish Metallo Group for a purchase price of € 380 million, which is being financed without a capital increase, is an important building block in the implementation of this strategy. With its attractive growth potential, the recycling and refining company expands Aurubis’ multi-metal portfolio, especially with the metals nickel, tin, zinc, and lead. The approval of the transaction by the relevant antitrust authorities is expected by the end of the year.

June 12, 2019

Aurubis AG: Additional strain on quarterly and full-year results expected – Future Complex Metallurgy project is being stopped

Aurubis AG expects the current economic environment to strain the Q3 2018/19 result (previous year: operating EBT of € 78 million) and the full-year result (previous year: operating EBT of € 329 million).

June 3, 2019

Aurubis enters into long-term supply contract in open pit copper mining project Quebrada Blanca Phase 2 in Chile

As part of the development of copper mine project Quebrada Blanca Phase 2, Aurubis AG has entered into a long-term supply contract for copper concentrates with project operator Compañía Minera Teck Quebrada Blanca SA. According to the agreement, Aurubis will source a significant volume of copper concentrates from the mine over a period of about ten years.

May 22, 2019

Aurubis AG acquires Belgian-Spanish Metallo Group for a purchase price of € 380 million

Today, Aurubis AG signed a share purchase agreement for the acquisition of the Belgian-Spanish Metallo Group to continue actively pursuing its recycling strategy. Metallo Holdings is owned by funds managed by TowerBrook Capital Partners, a leading transatlantic investment firm. Metallo is a recycling and refining company that specializes in recovering non-ferrous metals from recycling materials with lower metal contents. The company has around 530 employees at locations in Belgium and Spain. In fiscal year 2018, Metallo generated revenues of approximately € 1 billion. The share purchase agreement stipulates a purchase price of € 380 million, which will be financed without a capital increase.

May 15, 2019

Aurubis generates operating EBT of € 103 million in the first half of 2018/19

According to final figures, the Aurubis Group generated operating earnings before taxes (EBT) of € 103 million in the first six months of FY 2018/19 (previous year: € 186 million) and therefore confirms the preliminary half-year result that the Group published on April 26, 2019. Operating EBT for Q2 amounted to € 63 million (previous year: € 107 million).

May 6, 2019

“Achieving More”: Aurubis publishes its Sustainability Report 2017/18

Aurubis AG has published its sixth Sustainability Report. Under the title “Achieving More”, the report provides an overview of the current status of the Sustainability Strategy. The report, which spans nearly 60 pages, also presents facts and figures on the topic of sustainability, which are guided by the internationally recognized standards of the Global Reporting Initiative. Furthermore, the report serves as the Communication on Progress for the UN Global Compact, which Aurubis signed in 2014 and whose principles the company supports.

April 25, 2019

Aurubis generates preliminary quarterly result of € 63 million and reduces full-year forecast

According to preliminary results, the Aurubis Group generated operating earnings before taxes (EBT) of € 103 million in the first six months of fiscal year 2018/19 (previous year: € 186 million). Q2 of the reporting year accounts for € 63 million of this amount (previous year: € 107 million). This includes one-off income of € 20 million from the rejected sale of Segment Flat Rolled Products to Wieland-Werke AG. Operating earnings for the first half of 2018/19 would therefore be below the capital market’s expectations.

April 17, 2019

Roland Harings to be appointed to Aurubis Executive Board already as of May 20, 2019

Roland Harings will be appointed to the Aurubis AG Executive Board effective May 20, 2019, and will serve as Deputy Executive Board Chairman until June 30, 2019. The Aurubis AG Supervisory Board passed this resolution in a separate meeting on April 16, 2019.

March 26, 2019

Aurubis opens new building for training, technology, and occupational safety at the Lünen site

In the presence of about 80 invited guests, the “ATASI” was opened today by Michael Thews, member of the German Federal Parliament representing the Hamm-Unna II constituency; Jürgen Kleine-Frauns, mayor of Lünen; Thomas Helm, manager of the Hamm Employment Office; Jürgen Schachler, Aurubis AG CEO; and Astrid Herbers, managing director of the Aurubis recycling plant in Lünen. The name of the new building on the Aurubis plant premises on Kupferstrasse (“Copper Street” in German) is an acronym of the German words for Training, Technology, and Occupational Safety, the departments that will now be moving into the inaugurated structure.

March 1, 2019

Aurubis continues to invest in improving air pollution control in Veddel

Aurubis AG is expressly committed to its responsibility to protect its neighbors from possible environmental impacts and takes the ambitious targets of the 39th ordinance implementing the German Federal Immission Control Act (BImSchV) very seriously. Within this context, the company is providing information about the published results of the Hamburg environmental authority’s immission measurements in calendar year 2018.

February 28, 2019

Shareholders at Aurubis AG Annual General Meeting pass resolution to raise dividend again

The shareholders at the Aurubis AG Annual General Meeting passed a resolution on a dividend of € 1.55 per share today, following the recommendation of the Supervisory Board and Executive Board. Compared to the previous fiscal year (€ 1.45 per share), the dividend rose by 7 %. The payout ratio is 26 % (previous year: 28 %) of the operating consolidated result, while the dividend yield is 2.6 % (previous year: 2.1 %) based on the Xetra closing price of Aurubis shares on September 28, 2018. The shareholders therefore profit from one of the best results in Aurubis AG’s history (operating EBT: € 329 million).

February 6, 2019

Aurubis to review other strategic options for Segment Flat Rolled Products

Following the European Commission’s decision today to veto the sale of Aurubis AG’s Segment Flat Rolled Products (FRP) to Wieland-Werke AG, Aurubis is reviewing strategic alternatives for the business division.

January 30, 2019

Roland Harings to become new Aurubis CEO starting July 1

In its extraordinary meeting today, the Supervisory Board of Aurubis AG unanimously appointed Mr. Roland Harings (55) as the new CEO of the Aurubis Group. Mr. Harings will assume his new position on July 1, 2019 and will initially be appointed for the customary term of three years.