Aurubis AG exceeds market expectations for the second quarter 2022/23 and increases full-year forecast
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EQS-Ad-hoc: Aurubis AG / Key word(s): Half Year Results/Change in Forecast Aurubis AG exceeds market expectations for the second quarter 2022/23 and increases full-year forecast
Hamburg, April 21, 2023 – According to preliminary figures, Aurubis AG generated operating earnings before taxes (EBT) of € 166 million in Q2 of fiscal year 2022/23 (previous year: € 168 million)*, thus exceeding market expectations. Operating EBT for the first half of fiscal year 2022/23 amounts to € 291 million (previous year: € 331 million)*.
The main reasons for the very strong quarterly result were considerably increased treatment and refining charges for concentrates, a significantly higher Aurubis copper premium and very high demand for wire rod at higher prices. These positive effects more than offset the drop in sulfuric acid revenues.
As a result, Aurubis AG is also increasing its forecast for fiscal year 2022/23: The Aurubis Group now anticipates an operating EBT between € 450 and 550 million. The forecast range for operating EBT was previously between € 400 and 500 million.
According to preliminary calculations, IFRS consolidated earnings before taxes (EBT) in the first half of 2022/23 come to € 203 million (previous year: € 686 million). Q2 accounts for € 132 million of this amount (previous year: € 281 million).
The final results for the first half of fiscal year 2022/23 will be released on May 11, 2023.
*See definition of operating EBT adjustment on September 30, 2022 – detailed in 2022/23 Q1 Report, page 17.
End of Inside Information
21-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 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: | 1614273 |
| End of Announcement | EQS News Service |
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1614273 21-Apr-2023 CET/CEST
