Q4 2019 Aurubis AG Earnings Call Transcript
Good afternoon, ladies and gentlemen. My name is Angela Seidler. I'm responsible for Investor Relations here at Aurubis. I warmly welcome you to the telephone conference and the webcast on the occasion of the presentation of our annual results. An event release is behind us, which will be presented to you in a moment by our CEO, Mr. Harings; and our CFO, Mr. Verhoeven. He and my colleagues from Investor Relations, Accounting and Controlling are also taking part in the conference. After the presentation, we will be, of course, available for answers and your questions. (Operator Instructions)
Now I would like to hand over to Roland Harings.
Thank you, Angela. Let me start with a brief overview of the year. Our 12-month results is an operating EBIT of EUR 192 million and an ROCE of 8.6%. Of course, we are not satisfied with this result. However, you have to take into account that we had one-off effects in the magnitude of EUR
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