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December 2008
NA Copper Mail |
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Hamburg, 17 December 2008
Presentation on Conference Call |
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Press Release
Hamburg, 17 December 2008
Norddeutsche Affinerie achieves its best ever annual earnings and raises its dividend |
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NA Group Report
Hamburg, 17 December 2008
Preliminary results for
fiscal year 2007/08
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Welcome to
Norddeutsche Affinerie -
the world of copper
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| Company |
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The NA Group is the largest copper producer in Europe and the world leader in copper recycling. We produce some 1 million tonnes of copper cathodes and more than 1.2 million tonnes of copper products each year. We have 13 production sites at 12 locations in 7 European countries with a total of about 4,700 employees.
Thanks to our wide range of services, we rank among the global leaders in our industry. Our core business is the production of marketable copper cathodes from copper concentrates, copper scrap and recycled raw materials. These are processed within the Group into continuous cast wire rod, shapes, rolled products as well as special wire made of copper and copper alloys. Precious metals and a number of other products, such as sulphuric acid and iron silicate, round off our product portfolio.
Customers of the NA Group include companies in the copper semis industry, the electrical engineering, electronics and chemical industries as well as suppliers of the construction and car industries.
The NA Group is oriented to growth and to increasing corporate value. The main focus of our strategy is on strengthening our business, utilising growth opportunities and practising a responsible attitude when dealing with people and handling resources and the environment.
NA shares are part of the Prime Standard Segment of the Deutsche Börse and are listed in the MDAX. Since 22 September 2008 NA is also listed in the European Stoxx 600 and in the Global Challenges Index (GCX).
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| Consolidated Key Figures |
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00/01 |
01/02 |
02/03 |
03/04 |
04/05 |
05/06 |
06/07 |
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(HGB) |
(IFRS) |
(IFRS) |
(IFRS) |
(IFRS) |
(IFRS) |
(IFRS) |
Copper price
LME-settlement (average) |
US $/t |
1.684 |
1.525 |
1.653 |
2.607 |
3.382 |
6.033 |
7.088 |
Results |
Revenues |
€m |
2.010 |
1.842 |
1.816 |
2.481 |
3.022 |
5.753 |
6.469 |
EBT |
€m |
57 |
31 |
3 |
47 |
90 |
103 |
251 |
EBIT |
€m |
65 |
42 |
16 |
58 |
99 |
111 |
260 |
EBITDA |
€m |
111 |
98 |
79 |
129 |
163 |
163 |
318 |
Net income* |
€m |
42 |
21 |
4 |
27 |
61 |
60 |
159 |
Gross cash flow |
€m |
86 |
97 |
64 |
118 |
137 |
112 |
231 |
Bilanz |
Total assets |
€m |
709 |
955 |
914 |
990 |
1.128 |
1.811 |
1.940 |
Non-current assets |
€m |
259 |
464 |
437 |
396 |
366 |
360 |
610 |
Capital expenditure |
€m |
69 |
47 |
26 |
28 |
33 |
48 |
94 |
Depreciation and amortisation |
€m |
47 |
56 |
63 |
70 |
64 |
52 |
58 |
Equity* |
€m |
280 |
397 |
391 |
409 |
442 |
501 |
654 |
NA shares |
Market capitalisation**** |
€m |
396 |
353 |
291 |
432 |
625 |
705 |
1.146 |
Earnings per share
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€ |
1,26 |
0,63 |
0,10 |
0,76 |
1,77 |
1,64 |
4,24 |
Dividend per share
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€ |
0,75 |
0,65 |
- |
0,65 |
1,00 |
1,05 |
1,45 |
Human resources |
Number of employees
(average)
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3.195 |
3.374 |
3.458 |
3.206 |
3.158 |
3.187 |
3.219 |
Personnel expenses |
€m |
168 |
178 |
192 |
180 |
189 |
194 |
215 |
Production |
Cathodes** |
1.000 t |
540 |
554 |
530 |
522 |
558 |
551 |
572 |
Continuous cast wire rod** |
1.000 t |
347 |
285 |
342 |
399 |
375 |
423 |
451 |
Continuous cast shapes |
1.000 t |
204 |
203 |
193 |
257 |
237 |
266 |
232 |
Pre-rolled strip |
1.000 t |
- |
149*** |
138 |
122 |
116 |
130 |
120 |
Strips |
1.000 t |
- |
59*** |
52 |
63 |
50 |
54 |
46 |
Shaped wires |
1.000 t |
- |
12*** |
12 |
13 |
12 |
13 |
16 |
Gold |
t |
23 |
28 |
25 |
21 |
29 |
35 |
33 |
Silver |
t |
680 |
727 |
831 |
759 |
880 |
985 |
1.255 |
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| *
including minority interests |
| **
including Hüttenwerke Kayser (HK) and HK's share of Deutsche Giessdraht
since 1 January 2000 |
| *** since fiscal year 2001/02; rounded up to twelve months |
| **** at fiscal year-end |
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 Printversion |
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German
Kupferinstitut