Ad hoc announcement: Aurubis has identified strong indications of a metal shortage

During the regular inspection of the metal stock, Aurubis found significant deviations from the target stock as well as deviations from special samples of certain deliveries of input materials in the recycling area. Based on these indicators, Aurubis now assumes that the company has become the subject of further criminal acts beyond the cases published in June 2023. Aurubis has called the State Criminal Police Office.

Extent of damage

The extent of the damage that occurred at Aurubis cannot yet be determined with certainty. Aurubis has started an extraordinary inventory of metal inventories. The result is expected at the end of September 2023. At present, it cannot be ruled out that damage in the low three-digit million euro range has occurred. The damage will have a negative impact on the result for the 2022/23 financial year. The forecast corridor for the current 2022/23 financial year (€450-550 million) can therefore not be maintained.

The company’s Management Board and Supervisory Board have initiated investigations by internal and external experts to process the facts and with a view to further improving the security concept.

(Source: Aurubis)