Klöckner & Co SE achieves earnings turnaround despite sustained weak market trend. Restructuring program delivering results. Marked reduction in costs. Increase in gross margin.
[06/11/2013] Klöckner & Co SE’s turnover fell by a total of 9.7% in the first nine months of 2013 due to the ongoing contraction of the European steel market, site closures as part of the restructuring process and the discontinuation of low-margin businesses. As a result of the lower price level relative to the prior year, sales declined by 14.5%. ...More Press Releases