Aurubis with robust full-year results in a volatile market environment 

Aurubis AG, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide, closed out the 2023/24 fiscal with robust full-year results. Aurubis increased operating earnings before taxes (EBT) to € 413 million (previous year: € 349 million) with continued robust net cash flow of € 537 million (previous year: € 573 million) and slightly improved ROCE (return on capital employed) to 11.5 % (previous year: 11.3 %). IFRS consolidated earnings before taxes (EBT) were € 523 million (previous year: € 165 million). 

Over the past fiscal year, the multimetal company profited from a slight rise in treatment and refining charges and a significantly higher metal result — last year’s figure was muted by negative one-off effects. Aurubis also achieved higher earnings from the Aurubis copper premium and wire rod surcharge gains. Lower energy costs and the sale of the Buffalo (US) site positively impacted the overall results as well.  

Significantly lower sulfuric acid revenues coupled with a sharp reduction in income from refining charges for the processing of recycling materials had a dampening effect. Higher ramping-up costs for strategic projects, increased legal and consulting costs, higher implementation costs for occupational safety measures, and personnel costs, which reflect general wage inflation and staff expansion related to our growth projects, as well as one-off effects for the severance payments to former Executive Board members, also impacted the result. 

“Aurubis closed out the fiscal year with robust full-year results in a volatile market environment,” Aurubis CEO Dr. Toralf Haag said. “It highlights our robust business model and also proves that our metal portfolio is the key to the energy and mobility transition; we are enabling innovation and ongoing digitalization.” 

Based on the fiscal year result, the Supervisory and Executive Boards will propose a dividend of € 1.50 per share (previous year: € 1.40) at the Annual General Meeting on April 3, 2025. This corresponds to a payout ratio of around 20 % of operating consolidated net income (previous year: 23 %).