Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Aurubis    NDA   DE0006766504

AURUBIS

(NDA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Aurubis : sees stable fiscal year, hints at expansion plans

share with twitter share with LinkedIn share with facebook
share via e-mail
12/11/2019 | 02:44am EST

Aurubis, Europe's largest copper producer, on Wednesday posted a 42% slump in its annual earnings following scheduled maintenance shutdowns at major smelting plants, but said it expects the new fiscal year to be stable.

The company proposed a dividend of 1.25 euros per share for 2018-19 fiscal year, down from 1.55 euros in the previous year.

Operating full-year earnings before taxes (EBT) slumped 42% to 192 million euros (165 million pounds) following smelter shutdowns for maintenance and modernization plus costs to end an investment programme, Aurubis said.

"Aurubis expects results in new fiscal year at a similar level to the current fiscal year 2019/20," it said. "The Aurubis group expects an operating EBT of between 185 million euros and 250 million euros and an operating ROCE (return on capital employed) of between 8% and 11%."

The company previously said scheduled maintenance shutdowns to be undertaken in late-2019 at its main plants in Hamburg and Luenen in Germany would impact earnings.

In June, Aurubis also stopped its future Complex Metallurgy project to expand its raw material processing capability because of higher-than-expected costs.

"The past fiscal year was a transitional year for Aurubis," said CEO Roland Harings who took over in July. "We invested in the company's future with planned maintenance shutdowns, but unplanned shutdowns and other turbulent events affected the previous fiscal year negatively."

Based on industry forecasts, Aurubis said it expects stable copper demand, although product demand from the automotive sector will continue to be restrained.

Chinese copper smelters have agreed a 23% cut in annual treatment and refining charges (TC/RCs) for 2020. TC/RCs are paid by mines and other concentrate owners to copper smelters to refine concentrate (ore) into metal and are a key part of the copper refiners' income.

"The level for 2020 annual contracts on the copper concentrate market will likely be substantially lower than prior-year level in light of the November 2019 benchmark," Aurubis said.

European Union competition regulators in November opened an investigation into Aurubis' planned 380 million euro acquisition of Belgian-Spanish metal recycling group Metallo.

Aurubis said it expects an approval from EU competition regulator about the Metallo deal by April 2020.

Harings hinted at further international expansion. He said he sees "fantastic opportunities" in global recycling of complex raw materials.

"In this context, we will once again take a closer look at growth opportunities abroad," Harings said.

(Reporting by Michael Hogan, Editing by Tassilo Hummel and Sherry Jacob-Phillips)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on AURUBIS
02/13AURUBIS : fulfills market expectations for Q1 of fiscal year 2019/20
PU
01/08AURUBIS AG : Preliminary announcement of the publication of financial reports ac..
EQ
01/08AURUBIS AG : Preliminary announcement of the publication of quarterly reports an..
EQ
2019AURUBIS AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
2019AURUBIS : recommends dividend of EUR 1.25 per share for fiscal year 2018/19
AQ
2019AURUBIS : sees stable fiscal year, hints at expansion plans
RE
2019AURUBIS : recommends dividend of € 1.25 per share for fiscal year 2018/19
PU
2019AURUBIS AG : Release of a capital market information
EQ
2019AURUBIS AG : Release of a capital market information
EQ
2019AURUBIS AG : Release according to Article 40, Section 1 of the WpHG [the German ..
EQ
More news
Financials (EUR)
Sales 2020 11 812 M
EBIT 2020 247 M
Net income 2020 183 M
Finance 2020 97,7 M
Yield 2020 2,59%
P/E ratio 2020 11,8x
P/E ratio 2021 11,2x
EV / Sales2020 0,17x
EV / Sales2021 0,17x
Capitalization 2 147 M
Chart AURUBIS
Duration : Period :
Aurubis Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AURUBIS
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 49,36  €
Last Close Price 47,79  €
Spread / Highest target 29,7%
Spread / Average Target 3,29%
Spread / Lowest Target -22,6%
EPS Revisions
Managers
NameTitle
Roland Harings Chief Executive Officer
Fritz Vahrenholt Chairman-Supervisory Board
Thomas Bünger Chief Operating Officer
Rainer Verhoeven Chief Financial Officer
Jan Koltze Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
AURUBIS-12.66%2 331
TIANQI LITHIUM CORP--.--%7 332
GEM CO LTD--.--%3 489
IMERYS0.85%3 269
JINDUICHENG MOLYBDENUM CO., LTD.-11.99%3 241
GRAFTECH INTERNATIONAL LTD.-19.62%2 512