Aurubis AG: Aurubis AG increases full-year forecast

DGAP-Ad-hoc: Aurubis AG / Key word(s): Change in Forecast Aurubis AG: Aurubis AG increases full-year forecast 21-Jan-2021 / 15:25 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 increases full-year forecast Hamburg, January 21, 2021 - Aurubis AG is increasing its forecast for operating earnings before taxes (EBT) for the current fiscal year 2020/21:  The Aurubis Group now expects an operating EBT between ? 270 million and ? 330 million. The forecast range for operating EBT was previously between ? 210 million and ? 270 million. The company anticipates a return on capital employed (ROCE) of 9 to 12 % following the previous forecast of 8 to 11 %. Aurubis now expects a further significant increase in refining charges for recycling materials, a higher metal result with increased metal prices, and strongly improved copper product demand. According to preliminary figures, Aurubis AG generated operating EBT of ? 82 million in Q1 of fiscal year 2020/21 (previous year: ? 31 million). The result for the quarter fulfills the current market expectation for Q1 2020/21. The former Metallo Group companies, which have been included in the Aurubis Group since June 1, 2020, contributed to the operating result in Q1 2020/21. Q1 of the previous fiscal year was influenced by a planned maintenance shutdown at the Hamburg site with a negative effect of approximately ? 34 million on earnings. IFRS consolidated earnings before taxes (EBT) in Q1 2020/21 amount to ? 226 million according to preliminary calculations (previous year: ? 100 million). Contact: Angela Seidler Vice President Investor Relations, Corporate Communications & Sustainability Phone [phone] [e-mail]   21-Jan-2021 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:	[e-mail]
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
EQS News ID:	1162336

End of Announcement	DGAP News Service

1162336  21-Jan-2021 CET/CEST