Aurubis : expects its operating result for fiscal year 2018/19 to be moderately below previous year
November 26, 2018 at 09:15 am EST
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DGAP-Ad-hoc: Aurubis AG / Key word(s): Forecast
Aurubis AG expects its operating result for fiscal year 2018/19 to be moderately below previous year
26-Nov-2018 / 15:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Aurubis AG expects its operating result for fiscal year 2018/19 to be moderately below previous year Hamburg, November 26, 2018 - According to current estimates, Aurubis AG expects its operating EBT for fiscal year 2018/19 to be moderately below the previous year. This means a decrease of between 5.1 and 15 %. The forecast therefore does not correspond to the current market expectations of EUR 330 million for fiscal year 2018/19.
The main reasons for this deviation are various unscheduled shutdowns at the Hamburg, Lünen, and Pirdop sites in Q1 of fiscal year 2018/19, which is currently underway.
Aurubis AG's first quarter, which is generally weaker due to seasonal factors, will be additionally strained as a result.
On November 1, 2018, Aurubis AG released a preliminary operating EBT of EUR 328 million for fiscal year 2017/18 (previous year: EUR 298 million).
Contact:
Dr. Björn Carsten Frenzel
Leader Legal Affairs
E-Mail: c.frenzel@aurubis.com
Tel: +49 40 78 83 30 44
26-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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:
a.seidler@aurubis.com
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
Aurubis AG is a Germany-based company engaged in the production of primary copper and precious metals, the recycling of secondary raw materials and the processing of copper into final products. Its product portfolio comprises rod and specialty wire, such as cast rod, directly cast, oxygen-free copper rod and a variety of drawn products; shapes; industrial rolled products; architectural solutions for surfaces and facades; bars and profiles for the electro-technical industry; cathodes; precious metals, such as gold and silver, which are extracted from copper concentrates and secondary raw materials; sulfuric acid, iron silicate, selenium, and recycled copper, precious metal and other non-ferrous metal products. The Company also operates copper slitting service centers.
AURUBIS AG 
