09.08.2021 Aurubis AG  DE0006766504

DGAP-News: Aurubis AG: Partial sale of flat rolled products segment: Aurubis signs term sheet with INTEK Holding


DGAP-News: Aurubis AG / Key word(s): Disposal
Aurubis AG: Partial sale of flat rolled products segment: Aurubis signs term sheet with INTEK Holding

09.08.2021 / 17:34
The issuer is solely responsible for the content of this announcement.

Partial sale of flat rolled products segment: Aurubis signs term sheet with INTEK Holding

- Partial sale includes plant in Zutphen (Netherlands) and slitting centers in United Kingdom, Slovakia, and Italy

- Stolberg (Germany), Buffalo (US), and Pori (Finland) sites remain at Aurubis

- Strict optimization programs and good market situation have enabled positive development in entire segment

- Transaction subject to approval of competition authorities

Hamburg, August 9, 2021 - Aurubis AG intends to sell the FRP plant in Zutphen (Netherlands) as well as the slitting centers in Birmingham (United Kingdom), Dolný Kubín (Slovakia), and Mortara (Italy) with a total of about 360 employees. The buyer, INTEK, is a holding that includes the KME Group. With plants in Germany, France, Italy, China, and the US, KME is one of the leading manufacturers of copper and copper alloy products worldwide.

Today, both sides signed a corresponding term sheet that will serve as the basis for preparing a purchase agreement. The multimetal company assumes that the purchase agreement can be signed within the next two months; the sites will be transferred following the approval of the sale by the responsible competition authorities. Both parties have agreed to keep the sale price of the transaction confidential.

"Aurubis will be focusing even more strongly on its core business: primary copper production, recycling, and our multimetal portfolio. With the planned partial sale, we're now reducing the scope and complexity in the FRP segment as well. INTEK Holding and the KME Group have profound international market knowledge. As a result, we view the next steps toward closing the contract very optimistically," affirms Roland Harings, CEO of Aurubis AG.

Because there are no prospects for an additional transaction despite intensive negotiations with different interested parties, the plants in Stolberg (Germany), Pori (Finland), and Buffalo (US) will remain in the Aurubis Group and be developed further. Strict restructuring and optimization programs have run successfully, and the markets for the entire segment are showing very promising development during the pandemic. As Aurubis announced on August 5, the FRP segment generated operating earnings before taxes (EBT) of € 10 million (previous year: € 0 million) in the first nine months of the current fiscal year. The outlook for these plants is positive.

Aurubis - Metals for Progress

Aurubis AG is a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide. The company processes complex metal concentrates, scrap metals, organic and inorganic metal-bearing recycling materials, and industrial residues into metals of the highest quality. Aurubis produces more than 1 million tons of copper cathodes annually, and from them a variety of products such as wire rod, continuous cast shapes, profiles, and flat rolled products made of copper and copper alloys. Aurubis produces a number of other metals as well, including precious metals, selenium, lead, nickel, tin, and zinc. The portfolio also includes additional products such as sulfuric acid and iron silicate.

Sustainability is a fundamental part of the Aurubis strategy. "Aurubis responsibly transforms raw materials into value" - following this maxim, the company integrates sustainable conduct and business activities into the corporate culture. This involves a careful approach to natural resources, responsible social and ecological conduct in everyday business, and sensible, healthy growth.

Aurubis has about 7,200 employees, production sites in Europe and the US, and an extensive service and distribution system in Europe, Asia, and North America.

Aurubis shares are part of the Prime Standard Segment of the German Stock Exchange and are listed in the MDAX and the Global Challenges Index (GCX).

Further information at www.aurubis.com


09.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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: [email protected]
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: 1225113

End of News DGAP News Service

1225113  09.08.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 10.995,20 9.474,71 11.040,10 10.423,75 10.763,30 12.428,54 0,00
EBITDA1,2 336,00 312,00 597,70 453,07 414,91 585,42 0,00
EBITDA-Marge3 3,06 3,29 5,41 4,35 3,85 4,71 0,00
EBIT1,4 199,28 176,82 462,49 333,60 274,91 375,59 0,00
EBIT-Marge5 1,81 1,87 4,19 3,20 2,55 3,02 0,00
Jahresüberschuss1 133,57 123,52 352,38 291,41 192,71 265,36 0,00
Netto-Marge6 1,21 1,30 3,19 2,80 1,79 2,14 0,00
Cashflow1,7 364,91 236,26 479,86 202,50 271,67 458,94 0,00
Ergebnis je Aktie8 2,95 2,71 7,04 5,81 4,25 5,95 5,60
Dividende8 1,35 1,25 1,45 1,55 1,25 1,30 1,45
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

WKN Kurs in € Einschätzung Börsenwert in Mio. €
676650 75,780 Halten 3.406,82
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,18 14,66 0,90 18,17
1,22 7,42 0,27 6,56
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
1,30 1,45 1,91 17.02.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
07.02.2022 10.05.2022 05.08.2022 03.12.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,29% 1,61% 19,04% 10,24%
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Stahl/Kupfer , 676650 , NDA , XETR:NDA