1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Aurubis AG
  6. News
  7. Summary
    NDA   DE0006766504

AURUBIS AG

(NDA)
  Report
Delayed Xetra  -  11:35 2022-06-30 am EDT
64.76 EUR   -2.47%
06/28AURUBIS : Maintenance shutdown at Aurubis plant in Hamburg completed successfully
PU
06/28AURUBIS AG : Maintenance shutdown at Aurubis plant in Hamburg completed successfully
EQ
06/28Aurubis AG Provides Earnings Guidance for the Year 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Aurubis : Interim Report First 6 Months 2021/22

05/10/2022 | 01:14am EDT

Metals for Progress:

Driving Sustainable Growth

Interim Report

FIRST 6 MONTHS 2021/22

October 1, 2021 to March 31, 2022

Aurubis Group at a Glance

Key Aurubis Group figures Operating

Revenues

€m

4,856

4,056

20 %

9,262

7,519

23 %

Gross margin1

€m

592

511

16 %

1,136

950

20 %

Gross profit

€m

464

381

22 %

871

715

22 %

Depreciation and amortization

€m

47

46

2%

94

92

2%

EBITDA

€m

242

149

62 %

440

280

57 %

EBIT

€m

195

103

89 %

346

188

84 %

EBT2

€m

193

103

87 %

345

185

86 %

Consolidated net income

€m

150

79

90 %

268

142

89 %

Earnings per share

3.44

1.80

91 %

6.14

3.25

89 %

Net cash flow

€m

135

399

-66 %

50

125

-60 %

Capital expenditure

€m

61

49

23 %

120

86

40 %

Net financial position (reporting date)

€m

-

-

-

252

-135

> 100 %

ROCE2

%

-

-

-

19.5

11.9

-

Multimetal Recycling segment

Revenues

€m

1,520

1,266

20 %

2,971

2,414

23 %

Gross margin1

€m

172

152

13 %

367

303

21 %

EBIT

€m

71

51

39 %

149

99

51 %

EBT

€m

71

51

39 %

148

98

51 %

ROCE

%

-

-

-

45.6

16.8

-

Capital employed

€m

-72

285

> -100 %

714

895

-20 %

Custom Smelting & Products segment

Revenues

€m

4,775

4,153

15 %

9,292

7,652

21 %

Gross margin1

€m

420

359

17 %

769

647

19 %

EBIT

€m

141

70

> 100 %

228

120

90 %

EBT

€m

141

71

99 %

229

119

92 %

ROCE

%

-

-

-

12.7

12.7

0%

Capital employed

€m

77

-61

> 100 %

2,002

1,871

7%

  • 1 Gross margin = Total of the earnings components metal result, treatment and refining charges, and premiums and products.

  • 2 Corporate control parameters.

Key Aurubis Group figures IFRS

Q2

2021/22

2020/21

Change

2021/22

Revenues

€m

4,856

4,056

20 %

9,262

7,519

23 %

Gross profit

€m

548

466

18 %

1,203

942

28 %

Personnel expenses

€m

145

148

-3 %

283

288

-2 %

Depreciation and amortization

€m

47

48

-2 %

94

93

1%

EBITDA

€m

326

234

38 %

772

507

52 %

EBIT

€m

279

188

48 %

678

415

64 %

EBT

€m

281

189

49 %

686

415

65 %

Consolidated net income

€m

209

146

43 %

510

319

60 %

Earnings per share

4.79

3.34

43 %

11.68

7.30

60 %

Number of employees (average)

7,156

7,132

0%

7,152

7,181

0%

6M

2020/21

Change

This report may include slight deviations in disclosed totals due to rounding.

Aurubis Group production figures

Multimetal Recycling segment

Copper scrap/blister copper input

1,000 t

85

83

2%

156

162

-4 %

Other recycling materials

1,000 t

126

117

8%

251

239

5%

Cathode output

1,000 t

128

122

5%

258

248

4%

Beerse

1,000 t

6

6

0%

12

12

0%

Lünen

1,000 t

37

37

0%

75

73

3%

Olen

1,000 t

85

79

8%

172

163

6%

Custom Smelting & Products segment

Concentrate throughput

1,000 t

635

618

3%

1,314

1,225

7%

Hamburg

1,000 t

284

285

-

592

565

5%

Pirdop

1,000 t

350

333

5%

722

660

9%

Copper scrap/blister copper input

1,000 t

51

57

-11 %

101

108

-7 %

Other recycling materials

1,000 t

10

12

-17 %

20

24

-17 %

Sulfuric acid output

1,000 t

599

588

2%

1,238

1,138

9%

Hamburg

1,000 t

240

246

-2 %

507

464

9%

Pirdop

1,000 t

359

342

5%

731

674

9%

Cathode output

1,000 t

152

154

-1 %

301

306

-2 %

Hamburg

1,000 t

95

98

-3 %

190

193

-2 %

Pirdop

1,000 t

57

56

2%

111

113

-2 %

Wire rod output

1,000 t

236

230

3%

435

430

1%

Shapes output

1,000 t

58

48

20 %

111

88

26 %

Flat rolled products and specialty wire output

1,000 t

49

51

-4 %

88

98

-10 %

Q2

Aurubis Group sales volumes

6M

2021/22

2020/21

Change

2021/22

Gold

t

12

14

-14 %

24

26

-8 %

Silver

t

268

237

13 %

486

472

3%

Lead

t

11,356

8,887

28 %

21,240

18,702

14 %

Nickel

t

1,063

1,237

-14 %

2,075

1,956

6%

Tin

t

2,154

2,486

-13 %

4,661

5,440

-14 %

Zinc1

t

2,738

4,304

-36 %

6,995

9,406

-26 %

Minor metals

t

231

143

62 %

482

551

-13 %

Platinum group metals (PGMs)

kg

2,298

3,223

-28 %

5,126

5,357

-4 %

2020/21

Change

1 Prior-year figures have been adjusted.

CONTENTS

  • 2 At a Glance

    "The positive market environment remained in place in the second quarter of the current fiscal year. In particular, the very positive metal result - in combination with the still good performance of our smelters - more than offset the significantly higher energy prices. This is another reason why we have lifted our forecast for the year as a whole yet again."

    ROLAND HARINGS, Chief Executive Officer

  • 5 Interim Group Management Report First 6 Months 2021/22

  • 20 Interim Consolidated Financial Statements First 6 Months 2021/22

  • 33 Glossary

  • 34 Dates and Contacts

Interim Group Management Report First 6 Months 2021/22

The Aurubis Group increased its operating earnings before taxes (EBT) considerably to € 345 million (previous year: € 185 million) in the first half of fiscal year 2021/22, reaping the benefits of a very strong market environment with metal prices that remained high with improved metal gain, very high demand for copper products and sulfuric acid, and excellent performance at the sites of the Aurubis smelter network. The operating return on capital employed (ROCE) came to 19.5 % (previous year: 11.9%). Accordingly, the forecast range for operating EBT in fiscal year 2021/22 was increased to € 500-600 million (previously € 400-500 million). IFRS earnings before taxes (EBT) amounted to € 686 million (previous year: € 415 million).

Financial performance

The Aurubis Group generated revenues of € 9,262 million during the first half of FY 2021/22 (previous year: € 7,519 million). This positive development was primarily due to substantially increased copper prices compared to the same period of the previous year. Stronger demand for copper products, considerably higher sulfuric acid revenues, and increased prices for industrial metals had an impact as well.

The gross margin includes the main components of the Aurubis Group's earnings, i.e. the metal result, treatment and refining charges, and premiums and products.Graphic

Proportion of main earnings components in the Aurubis Group

as at March 31 YTD 2021/22 (YTD prior-year figures)

Refining charges for

28 % (34 %)

concentrates + recycling materials

41 % (37 %)

Metal result

31 % (29 %)

Premiums and products

* Gross margin = Total of the earnings components metal result, treatment and refining charges, and premiums and products.

Operating earnings before taxes (EBT) - as one of our corporate control parameters - was € 345 million (previous year: € 185 million) and, compared to the first half of the previous year, was influenced by:

  • » significantly higher sulfuric acid revenues due to a significant increase in sales prices,

  • » higher refining chargesGlossary, page 33 for other recycling materials,

  • » substantially higher demand for copper products,

    » a substantially higher metal resultGlossary, page 33 with increased metal prices, especially for industrial metals

  • » positive earnings contributions from our Performance Improvement Program (PIP),

    (copper, tin, nickel),

    » a still very good operating performance at our

  • » significantly higher energy costs, particularly for electricity and gas.

Hamburg and Pirdop sites in particular, with increased concentrate throughputs,

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Aurubis AG published this content on 10 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2022 05:13:04 UTC.


© Publicnow 2022
All news about AURUBIS AG
06/28AURUBIS : Maintenance shutdown at Aurubis plant in Hamburg completed successfully
PU
06/28AURUBIS AG : Maintenance shutdown at Aurubis plant in Hamburg completed successfully
EQ
06/28Aurubis AG Provides Earnings Guidance for the Year 2022
CI
06/23As Russia cuts gas, German industry grapples with painful choices
RE
06/20Aurubis exploring switch to alternative energy sources at European plants
RE
06/20Aurubis Begins Work On $316 Million Multi-metal Recycling Plant In US
MT
06/17AURUBIS AG : Aurubis AG starts construction of a € 300 million (approx. $̷..
EQ
06/17AURUBIS : starts construction of a € 300 million multimetal recycling plant in Augusta, Ge..
PU
05/20AURUBIS AG : DZ Bank reiterates its Neutral rating
MD
05/11AURUBIS AG : Deutsche Bank reiterates its Neutral rating
MD
More news
Analyst Recommendations on AURUBIS AG
More recommendations
Financials
Sales 2022 17 906 M 18 718 M 18 718 M
Net income 2022 429 M 448 M 448 M
Net cash 2022 429 M 449 M 449 M
P/E ratio 2022 6,69x
Yield 2022 3,09%
Capitalization 2 827 M 2 956 M 2 956 M
EV / Sales 2022 0,13x
EV / Sales 2023 0,14x
Nbr of Employees 7 152
Free-Float 62,3%
Chart AURUBIS AG
Duration : Period :
Aurubis AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AURUBIS AG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 64,76 €
Average target price 99,00 €
Spread / Average Target 52,9%
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