Aurubis generates significant profit increase compared with the prior year

Tuesday, Aug 17, 2010

HIGHLIGHTS

» EBT in the first nine months of the fiscal year € 211 million (€ -8 million in the
   prior year)

» Operating result (EBT) € 122 million (€ 16 million in the prior year); Valuation
  effects in the amount of € 89 million (€ -24 million in the prior year)

» Revenues increased to € 7.0 billion due to higher metal prices (€ 4.7 billion in
  the prior year)

» Improved market situation for scrap and other recycling materials; profit 
  contribution on account of higher material input above prior-year level

» Sulphuric acid market has recovered

» Production in all product groups increased significantly

» Strong improvement in product sales due to economic uptrend in almost all
  customer industries

» Outlook:
  - Treatment and Refining Charges for copper concentrate expected to be on
     actual low level for the next months; improved supply situation expected in
     the medium term 
  - Supply of secondary raw materials remains good 
  - Basically positive assessment of copper market trend; continuing high
     demand expected 
  - Continuation of good business performance expected again in the fourth
      quarter; annual results will be significantly higher than in the prior fiscal year
 
Hamburg, 11 August 2010 – Aurubis AG (Aurubis) has maintained its high level of earnings of the first half-year and achieved good results after nine months. Earnings were again considerably improved compared with the prior year.

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Source: Aurubis AG