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    NDA   DE0006766504

AURUBIS AG

(NDA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/20 03:59:59 pm
99.19 EUR   -2.28%
01/19AURUBIS AG : DZ Bank gives a Buy rating
MD
01/19AURUBIS AG : Baader Bank remains its Buy rating
MD
01/19Aurubis posts 85% quarterly profit surge, raises earnings outlook
RE
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Aurubis, 2020/21 most successful financial year in the company's history, dividend proposal EUR 1.60

12/06/2021 | 04:25am EST

Hamburg - The financial year 2020/21 of Aurubis AG (Aurubis), which ended on September 30, was the most financially successful in the company's history: At EUR 353 million, the multi-metal producer achieved an overall excellent operating result before taxes (EBT), which was around 60 % higher than in the previous year (EUR 221 million).

Aurubis thus also significantly exceeded its forecast for the financial year. Operating ROCE (return on capital employed) also increased, reaching 15.6% (PY: 9.3%). Earnings for the 4th quarter amounted to EUR 85 million (prior-year quarter: EUR 88 million).

In view of the excellent result, the Executive Board and Supervisory Board of Aurubis will propose to the Annual General Meeting on February 17, 2022, which will again take place in digital form, a further increased dividend of EUR 1.60 per share (previous year: EUR 1.30). If the Annual General Meeting approves the proposal, the payout ratio will be 26% (previous year: 35%) of Group operating profit.

Despite challenges: good plant availability, high demand, increased metal prices

Both on the primary raw material side (concentrates) and on recycled materials - the secondary raw materials - Aurubis was able to continue to supply itself well. Sharply higher refining wages for scrap copper and other recycled materials also had a positive effect on earnings. In addition, Aurubis is benefiting from a very good metal result with sharply higher metal prices, especially for copper, nickel and tin. High demand for products additionally supported the result. High energy costs had the opposite effect.

IFRS consolidated earnings before taxes (EBT) amounted to EUR 826 million (previous year: EUR 367 million).

We are proud of what we have achieved in a financial year that still ran largely under Corona conditions - and this, despite these and other challenges such as supply chain bottlenecks and rising energy prices, almost smoothly. Other positive factors were high plant availability throughout the Group, the successful, rapid integration of the new recycling sites in Belgium and Spain into the Group or the continued consistent implementation of our cost-cutting program.

Contact:

Meino Hauschildt

Tel: +49 40 7883-3037

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about AURUBIS AG
01/19AURUBIS AG : DZ Bank gives a Buy rating
MD
01/19AURUBIS AG : Baader Bank remains its Buy rating
MD
01/19Aurubis posts 85% quarterly profit surge, raises earnings outlook
RE
01/19AURUBIS : exceeds expectations for Q1 and increases full-year forecast
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01/19AURUBIS AG : Aurubis AG exceeds expectations for Q1 and increases full-year forecast
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Analyst Recommendations on AURUBIS AG
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Financials
Sales 2022 16 749 M 18 937 M 18 937 M
Net income 2022 277 M 313 M 313 M
Net cash 2022 287 M 325 M 325 M
P/E ratio 2022 15,9x
Yield 2022 1,75%
Capitalization 4 358 M 4 942 M 4 927 M
EV / Sales 2022 0,24x
EV / Sales 2023 0,25x
Nbr of Employees 7 135
Free-Float 62,3%
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Technical analysis trends AURUBIS AG
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 7
Last Close Price 99,86 €
Average target price 82,43 €
Spread / Average Target -17,5%
EPS Revisions
Managers and Directors
Roland Harings Chief Executive Officer
Rainer Verhoeven Chief Financial Officer
Fritz Vahrenholt Chairman-Supervisory Board
Heiko Arnold Chief Operating Officer
Jan Koltze Member-Supervisory Board
Sector and Competitors