The copper group announced that it had found significant deviations from the target stock during regular inspections of the metal stock and deviations from special samples of certain deliveries of input materials in the recycling area. The damage will weigh on the result for the 2022/23 financial year. The MDAX group cashed in on its forecast. The share finally fell 6.07 percent to EUR 71.82 in XETRA trading. At the daily low, it cost 62.50 euros.
“Based on these indicators, Aurubis now assumes that the company has become the subject of further criminal acts – going beyond the cases published in June 2023,” Aurubis announced. The State Criminal Police Office was involved.
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In June, the Hamburg group had already reported that it had apparently become the target of precious metal thefts. The Hamburg public prosecutor and police began investigations into individual current and former employees of Aurubis and external companies who work or used to work on the factory premises.
The extent of the damage that has occurred cannot yet be determined with certainty, the group said on Thursday. It “cannot be ruled out” that damage in the low, three-digit million euro range has occurred.”
Since the damage is affecting the annual result, the forecast corridor for the current financial year cannot be maintained. Aurubis has so far announced an operating pre-tax result of between EUR 450 and 550 million for 2022/23.
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.
FRANKFURT (Dow Jones)
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