Aurubis AG Sees Significant Profit Growth in Fiscal 2024

In a recent report, Aurubis AG announced a remarkable increase in net income for fiscal 2024, signaling strong operational performance. Investors may find the growth in earnings per share and the proposed dividend increase promising for future stock performance.

Date: 05-12-2024

AI Rating: 8

Aurubis AG reported a notable improvement in several financial metrics for fiscal 2024, which could significantly impact investor sentiment positively. The company's consolidated net income attributable to shareholders reached €416.10 million, a substantial increase from €140.93 million in the previous year, indicating a strong operational performance. This increase is aligned with a noteworthy rise in earnings per share (EPS), which improved from €3.23 to €9.53.

Furthermore, the earnings before taxes (EBT) grew impressively to €522.94 million, compared to €164.91 million last year, emphasizing a solid growth strategy. The operating EBT also showed a remarkable growth of 19% year over year, reaching €413 million.

While revenues experienced a slight increase from €17.06 billion to €17.14 billion, this stability alongside profit growth portrays a healthy financial position. The proposed dividend of €1.50 per share, up from €1.40, adds to the attractiveness of the stock for income-focused investors.

Looking ahead to fiscal 2025, the company projects an operating EBT in the range of €300 million to €400 million, showing optimism for continued profit generation. Additionally, a forecasted operating return on capital employed (ROCE) between 7% and 11% suggests effective capital utilization.

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