Aurubis AG, a prominent German company specializing in the supply of non-ferrous metals and copper recycling, announced a significant increase in its fiscal 2024 financial results on Thursday. The company's net income attributable to shareholders, according to IFRS standards, surged to €416.10 million, compared to €140.93 million in the previous year.
The earnings per share also saw a substantial rise, reaching €9.53, up from €3.23 year-on-year. Additionally, the IFRS consolidated earnings before taxes (EBT) climbed to €522.94 million, a notable improvement from €164.91 million recorded the previous year.
The operating EBT experienced a 19% increase, amounting to €413 million. Meanwhile, annual revenues saw a modest uptick, climbing to €17.14 billion from €17.06 billion in the prior year.
In terms of shareholder returns, the Supervisory and Executive Boards plan to propose an increased dividend of €1.50 per share at the upcoming Annual General Meeting on April 3, 2025, up from last year’s €1.40.
Looking ahead to fiscal 2025, Aurubis anticipates a robust operating EBT ranging between €300 million and €400 million. The forecast for operating return on capital employed (ROCE) is projected to be between 7% and 11%.
