[ad_1]
During a scheduled review of metal inventories, Aurubis has identified considerable discrepancies in target inventory as well as in individual samples from specific shipments of input materials for the recycling area. This evidence has led Aurubis to conclude that it has been the target of further criminal activity following the cases reported in June 2023. Aurubis has involved the State Office of Criminal Investigation.
The exact amount of the damages incurred by Aurubis cannot yet be accurately assessed. Aurubis has begun a special inventory of metal reserves and anticipates the final results at the end of September 2023. It cannot currently be ruled out that the damages might be in the low, three-digit-million-euro range. The losses will impact the 2022/23 fiscal year result. As such, the forecast range for the current 2022/23 fiscal year (€ 450-550 million) will not be achieved.
The Group’s Executive Board and Supervisory Board have initiated investigations by internal and external experts to clarify the facts and with a view to further improving the security concept.
End of Ad hoc Release
# # #
[ad_2]
Disclosure:
It can be assumed that parties associated with thegreeneconomynews.com have long stock, option or similar derivative positions in any and/or all companies mentioned on this website. Disclaimer
Message from The Green Economy News:
If you’d like to invest in many of the companies featured on thegreeneconomynews.com you can use eToro’s CopyTrader feature and invest in an ESG Portfolio of companies with The Green Economy News curator @Tom1313 , capital at risk. Alternatively if you found this content useful, consider supporting our work and Buy us a coffee!.