EQS-Ad-hoc: Aurubis AG / Key word(s): Profit Warning/Profit Warning
Aurubis AG: Aurubis identifies serious indications of shortfall in metals

31-Aug-2023 / 18:53 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Aurubis identifies serious indications of shortfall in metals

During a scheduled review of metal inventories, Aurubis has identified considerable discrepancies in target inventory as well as in individual samples from specific shipments of input materials for the recycling area. This evidence has led Aurubis to conclude that it has been the target of further criminal activity following the cases reported in June 2023. Aurubis has involved the State Office of Criminal Investigation.

The exact amount of the damages incurred by Aurubis cannot yet be accurately assessed. Aurubis has begun a special inventory of metal reserves and anticipates the final results at the end of September 2023. It cannot currently be ruled out that the damages might be in the low, three-digit-million-euro range. The losses will impact the 2022/23 fiscal year result. As such, the forecast range for the current 2022/23 fiscal year (€ 450-550 million) will not be achieved.

The Group’s Executive Board and Supervisory Board have initiated investigations by internal and external experts to clarify the facts and with a view to further improving the security concept.


Dr. Björn Carsten Frenzel
General Counsel
E-Mail: c.frenzel@aurubis.com
Tel: +49 40 78 83 30 44

End of Inside Information

31-Aug-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Aurubis AG
Hovestrasse 50
20539 Hamburg
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
EQS News ID: 1716479

End of Announcement EQS News Service

1716479  31-Aug-2023 CET/CEST