Interim Report 1st Half 2009

Others/Consolidation

    H1 2009 H1 2008
Total Sales1) € million 100.5 283.6
External sales € million 20.5 80.7
Earnings before tax (EBT) € million 5.8 -20.5

1) Incl. sales to other corporate divisions

As against the first six months of 2008, sales of the Others, which are based on business in semi-finished products with subsidiaries and external parties, fell to € 100.5 million, down from € 283.6 million. The main reason was the changed patterns in the sourcing of input materials by individual internal customers from January 1, 2009 onwards. External sales declined to € 20.5 million (first half-year of 2008: € 80.7 million) in the wake of slower demand by external customers.

The pre-tax profit stood at € 5.8 million. The improvement as against the previous year’s period is attributable to the lower level of interim profit elimination. Since the start of the financial year, the 23 % stake in Aurubis AG (NAAG) has been included at equity here. NAAG contributed € 32.7 million in pre-tax profit to the consolidated result in the period under review, from which the obligatory purchase price allocation under IFRS has to be subtracted.


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