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Delayed Xetra  -  05/26 11:35:07 am EDT
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05/20AURUBIS AG : DZ Bank reiterates its Neutral rating
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05/11AURUBIS AG : Warburg Research reaffirms its Neutral rating
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Aurubis : exceeds expectations for Q1 and increases full-year forecast

01/19/2022 | 07:52am EDT

Aurubis AG exceeds the market expectations for Q1 of its 2021/22 fiscal year, which ended on December 31, 2021: according to preliminary figures, the multimetal company generated operating earnings before taxes (EBT) of € 152 million for Q1 (previous year: € 82 million).

As a result, Aurubis is also increasing the forecast for operating earnings before taxes (EBT) for the entire fiscal year 2021/22 and now expects an operating EBT between € 400 million and € 500 million. The forecast range for operating EBT was previously between € 320 million and € 380 million.

Just in December, Aurubis reported the best annual result in the company's history.

In the first quarter of its current fiscal year, too, Aurubis demonstrated a very good operating performance at the sites of its smelter network. On top of that, we achieved considerably higher revenues from sulfuric acid sales and an improved metal gain, especially for the industrial metals copper, tin, nickel, and zinc - with increased metal prices. In the meantime, we're the leading European recycler of tin

, explains Aurubis CEO Roland Harings in reference to the key reasons for the higher operating quarterly result compared to the same period of the previous year.

Furthermore, as of January 1, 2022, roughly 10 % higher treatment and refining charges for copper concentrates, a good ongoing level of refining charges for recycling materials, a significantly higher Aurubis copper premium, stronger demand for copper products, and substantially increased sulfuric acid prices will have a positive impact on the full-year result. Risks could arise from the influence of COVID-19 on the company's production and product sales, as well as from energy price developments.

IFRS consolidated earnings before taxes (EBT) in Q1 2021/22 amount to € 405 million according to preliminary calculations (previous year: € 226 million).

Aurubis is consistently developing into an international multimetal provider that caters to the megatrends of the future and, in recycling a variety of input materials, makes a meaningful contribution to a functional international circular economy. This is also apparent in the recently released company strategy, which is supported by three pillars: securing and strengthening the core business, pursuing growth options - especially in recycling - and expanding the company's industry leadership in sustainability.

The final figures for Q1 of the current fiscal year will be released on February 7, 2022.


Aurubis AG published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 12:51:05 UTC.

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Analyst Recommendations on AURUBIS AG
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Sales 2022 17 977 M 19 284 M 19 284 M
Net income 2022 429 M 460 M 460 M
Net cash 2022 427 M 458 M 458 M
P/E ratio 2022 8,87x
Yield 2022 2,25%
Capitalization 3 751 M 4 024 M 4 024 M
EV / Sales 2022 0,18x
EV / Sales 2023 0,20x
Nbr of Employees 7 152
Free-Float 62,3%
Duration : Period :
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Technical analysis trends AURUBIS AG
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Income Statement Evolution
Mean consensus HOLD
Number of Analysts 7
Last Close Price 85,92 €
Average target price 98,86 €
Spread / Average Target 15,1%
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